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Ethiopia has officially announced its foray into Bitcoin mining, aligning itself with a growing list of countries that have integrated cryptocurrency mining into their national economic strategies. This development comes through a partnership between the Ethiopian government and Data Center Service PLC, a subsidiary of the Hong Kong-based West Data Group. The collaboration is part of a substantial $250 million data mining project announced within the country. Ethiopia Joins The BTC Mining Circle Kal Kassa, CEO for Ethiopia at Hashlabs Mining, confirmed the initiative: “It’s official! The Ethiopian Government will be mining bitcoin through its partnership with Data Center Service PLC… The partnership will be for the purposes of a $250 million data mining project in Ethiopia.” This statement underscores the government’s commitment to leveraging cryptocurrency mining as a part of its broader digital and economic strategy. It’s official!🥂 The Ethiopian Government will be mining bitcoin through it’s partnership with Data Center Service PLC, a subsidiary of the West Data Group…🫱🏽‍🫲🏿 The partnership will be for the purposes of a $250 million data mining project in Ethiopia 🇪🇹 pic.twitter.com/2YfQ3QbUEO — Kal Kassa (@KalKassa) February 15, 2024 The news was met with enthusiasm from key figures in the cryptocurrency community. Ben Van Hodl, COO at JAN3, which promotes nation-state Bitcoin adoption, remarked, “Another nation-state goes into Bitcoin.” Similarly, Jaran Mellerud of Hashlabs Mining celebrated the development as “A massive stamp of approval for the #bitcoin mining industry in Ethiopia.” The official announcement by Ethiopian Investment Holdings, shared via LinkedIn, elaborated on the scope of the partnership with West Data Center Service PLC. It highlighted the project’s aim to establish state-of-the-art infrastructure for data mining and artificial intelligence training operations in Ethiopia, indicating a broad vision for technology-driven economic growth. Ethiopian Investment Holdings today signed a memorandum of understanding with West Data…

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Filed under: News - @ February 16, 2024 10:20 pm