Latest News for: Ethiopia mining

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Iraq To Start Bitcoin Mining On A Nation-State Level, Pundit Claims

Bitcoinist 16 Apr 2024
Will Iraq Start Mining Bitcoin? ... Flared gas capturing is a significant point of interest for the Bitcoin community, as this excess gas can be converted to electricity and used to power mining operations.
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Chinese Financial Institutions Turn to Hong Kong’s New Bitcoin ETF

Bitcoin Magazine 11 Apr 2024
It would hardly be the first time that Chinese capital firms have invested heavily in Bitcoin-related ventures, but mining hardware in faraway Ethiopia is very different from financial instruments in a city that’s legally part of China.
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Ambassador to take another trade delegation to Ethiopia

The News International 05 Apr 2024
On the occasion, the Ambassador also highlighted extraordinary trade and investment opportunities offered by home-grown economy of Ethiopia in diverse economic sectors including agriculture and agro-processing, manufacturing, mining, ICT and tourism.
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As Halving Approaches, Miners Turn Record Profits into New Strategies

Bitcoin Magazine 03 Apr 2024
The cheap hydroelectricity from Ethiopia has already been attracting international capital to become a new mining hub, and a large portion of these rigs are going there for pennies on the dollar.
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Bitcoin's halving could force miners to risk operating in cheaper locations with less reliable electrical grids

Business Insider 27 Mar 2024
Following the halving, 6,000 mining computers will be refurbished and sold to miners overseas, mainly in developing-economy countries like Ethiopia, Tanzania, and Uruguay, according to a Colorado-based crypto wholesaler.
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DeMi platform announces a strategic partnership with BitCluster

Invezz 26 Mar 2024
Addis Ababa, Ethiopia, March 26th, 2024, Chainwire ... DeMi has already placed more than 500 devices at the new facility with a total capacity of 59 Petahash and plans to further expand mining capabilities at the BitCluster data center in Ethiopia.
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Luxor forecasts massive migration of Bitcoin rigs ahead of halving

Cryptopolitan 25 Mar 2024
Nuo Xu’s journey from Texas to Ethiopia and Nigeria is more than a business trip; it’s a mission to find a new home for his 6,000 rigs where electricity is a bargain, and the mining game can still be profitable.
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US Bitcoin Miners Move Old Equipment Overseas – Here’s Why

Bitcoinist 24 Mar 2024
Ethiopia, a country located in the Horn of Africa, is forging a strong reputation for itself in the crypto and Bitcoin mining niche ... crypto mining companies are increasing their investment in Ethiopia.
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Bitcoin mining firms ship equipment overseas ahead of halving

BTC Manager 24 Mar 2024
As the halving approaches, Bitcoin mining firms are strategically relocating their operations to regions with lower electricity costs (i.e., Ethiopia, Nigeria) ....
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Iceland PM Sways Energy Use Away From Crypto Mining to Agriculture

CoinGape 23 Mar 2024
The focus will now be on boosting food production rather than supporting the crypto-mining industry ... Countries like Ethiopia, Tanzania, Paraguay, and Uruguay now provide investors with a suitable place for Bitcoin mining companies.
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Ethiopia, Canada advance trade ties in high-level talks

Anadolu Agency 15 Mar 2024
Ethiopia and Canada are poised to strengthen trade and ... In a meeting Thursday, Canada and Ethiopia agreed to fortify bilateral relations, particularly focusing on trade and investment avenues.
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One out of two refugee children in Ethiopia undernourished: UNHCR

Xinhua 14 Mar 2024
ADDIS ABABA, March 14 (Xinhua) -- One out of two refugee children in Ethiopia is undernourished, the United Nations High Commissioner for Refugees (UNHCR) has disclosed ... One out of two refugee children in Ethiopia undernourished.
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5 Ways Bitcoin Mining Benefits Ethiopia

Bitcoin Magazine 06 Mar 2024
The potential of Ethiopia as a bitcoin mining hub resides in the promise of a mutually beneficial relationship between the nation and the industry ... On this, Advisor at Hashlabs Mining Ethiopia, Kal Kassa says..
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Akobo finalises debt restructuring agreement

Mining Weekly 28 Feb 2024
Scandinavia-based gold exploration and mining company Akobo ...
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China Intensifies Crackdown On Blockchain And Metaverse Cybercrimes

Bitcoin World 26 Feb 2024
Rising Cybercrime Threats Prompt Proactive Measures ... See Also. Ethiopia Partners With Chinese Companies To Bring Large-Scale Bitcoin Mining To Ethiopia ... Mainland China vs ... Cheap Electricity Costs In Ethiopia Is Attracting Chinese Crypto Mining Companies.
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