🇪🇹 Ethiopia reaches 1.5% of global hash rate
Chinese company BIT Mining has successfully expanded into Africa, acquiring a 51 MW Bitcoin mining facility and 18,000 miners in Ethiopia for $14.28 million.
As explained by Dr. Youwei Yang, the company's chief economist, Ethiopia's low electricity costs allow BIT Mining to optimize the use of its machines, including older-generation models that would be considered obsolete in the United States.
According to Dr. Yang, this strategic move could extend the lifespan of older miners by at least two years.
Atlas21 article ⬇️
https://atlas21.com/bit-mining-expands-to-ethiopia-with-a-14-million-investment/
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2025-01-08 18:28:21 UTC
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2025-01-08 18:28:21 UTCEvent JSON
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"content": "🇪🇹 Ethiopia reaches 1.5% of global hash rate \n\nChinese company BIT Mining has successfully expanded into Africa, acquiring a 51 MW Bitcoin mining facility and 18,000 miners in Ethiopia for $14.28 million. \n\nAs explained by Dr. Youwei Yang, the company's chief economist, Ethiopia's low electricity costs allow BIT Mining to optimize the use of its machines, including older-generation models that would be considered obsolete in the United States. \n\nAccording to Dr. Yang, this strategic move could extend the lifespan of older miners by at least two years. \n\nAtlas21 article ⬇️ \n\nhttps://atlas21.com/bit-mining-expands-to-ethiopia-with-a-14-million-investment/",
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