With Ethiopia supporting Bitcoin mining at the state level, the crypto sector in Africa is entering a new chapter, with private players joining in. Ethiopia became the first country on the African ...

Tough Sledding or About to Boom? Bitcoin mining, a huge part of the massive crypto world, hit a real turning point in 2025.

Bitcoin mining company Phoenix Group has announced plans to add 52MW of cryptomining capacity to its existing site in Ethiopia. The facility already has an 80MW mining capacity, and the new expansion ...

Initiatives like our latest expansion in Ethiopia are pivotal steps ... operations rank among the most sustainable in global Bitcoin mining, with 90% of their energy sourced from renewable ...

Crypto Daily - Ethiopia is leveraging its hydroelectric power through the Grand Renaissance Dam to power Bitcoin mining and generate 18% of the country’s revenue from digital assets. Bitcoin mining is ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

Bitcoin mining firm Phoenix Group announced the addition of 52 megawatts (MW) worth of mining capacity to its capabilities in Ethiopia. According to an April 29 announcement, with this latest ...

The company also has its own bitcoin mining business ... 2024 compared with the prior year by moving some mining machines from U.S. sites to Ethiopia data center, Lu said on the conference ...