Bloomberg: Chinese miners are moving to Ethiopia

Home / Bloomberg: Chinese miners are moving to Ethiopia

According to Bloomberg, 19 of the 21 mining companies that have struck deals with Ethiopia’s energy monopoly are Chinese.

Bitmain believes that in a few years, Ethiopia could become a worthy competitor to Texas in the context of mining.

Ethiopia has very cheap electricity, of which 92% is provided by hydroelectricity. However, almost half of all Ethiopians live without access to electricity.

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