Ethiopia's Bitcoin Boom: 2.5% Global Hashrate in 2024
Ethiopia has emerged as a significant player in global Bitcoin price mining, contributing 2.5% of the global hashrate in 2024. This rise is attributed to strategic planning and infrastructure improvements, including abundant hydroelectric energy from projects like the Grand Ethiopian Renaissance Dam.
UMINERS, a key player in this development, plans to hire locally and collaborate with universities to create training programs for Ethiopia's tech workforce. The company aims to introduce cloud mining services and support large-scale clients with turnkey Bitcoin price mining solutions. UMINERS has already signed agreements with two universities to develop specific training programs for the crypto and data center industries.
Ethiopia's government has signed agreements with 21 Bitcoin price mining firms in 2024, including UMINERS, to become a major player in global crypto infrastructure. UMINERS also offers a zero-interest, Bitcoin-collateralized loan program for small businesses to access mining equipment, making Bitcoin price mining more accessible.
Ethiopia's strategic approach to Bitcoin price mining, driven by abundant renewable energy and supportive government policies, has positioned it as the first African country to support large-scale, state-backed crypto mining operations. The government aims to generate USD reserves by attracting miners and data centers that pay for electricity in U.S. dollars, further boosting the country's economy.
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