The post Ethiopia’s Prime Minister says they are looking for an investment partner to mine Bitcoin appeared on BitcoinEthereumNews.com.

Ethiopia’s Prime Minister has announced that the government is actively seeking investment partners for Bitcoin mining. This move is part of the country’s “Digital Ethiopia 2030” plan, which seeks to develop the country’s financial sector and boost capital markets and digitalization. At the Finance Forward Ethiopia 2026 conference, Prime Minister Abiy Ahmed said that Ethiopian Investment Holdings, a state-owned company, is seeking experienced partners who can provide capital, technology, and mining expertise. By doing this, Ethiopia aims to earn revenue directly for the country rather than relying only on private companies.  Ethiopian Electric Power generates $millions from Bitcoin mining Over the past few years, the country has quietly become Africa’s leading Bitcoin mining hub. Ethiopia has leveraged its massive Grand Ethiopian Renaissance Dam (GERD) and other hydropower projects for Bitcoin and crypto mining.  The Grand Ethiopian Renaissance Dam generates over 6,000 megawatts, but the grid cannot absorb even half that amount. By mid-2025, the country had approximately 23 mining operations. They were initially led by Asian companies, followed by the Americans, and then locals getting in on the action. All collectively pulled around 600 megawatts at 3.2 cents per kWh. The country’s government actively promotes and licenses crypto mining. For instance, the UAE-based Phoenix Group announced a partnership with Ethiopian Electric Power (EEP), the nation’s state-owned utility, for a new mining data center.  EEP currently operates 20 power stations with a combined capacity exceeding 7,900 megawatts. It does power exports to Kenya and Djibouti. It has seen growth as Kenya requested an additional 100 megawatts on top of the 200 megawatts it currently receives. In 2024, EEP exported nearly 7% of Ethiopia’s generated power, earning $338 million in foreign currency. It generated $55 million in Bitcoin mining revenue over 10 months that year, primarily through agreements with 25 mining companies.…

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Filed under: News - @ January 19, 2026 6:25 pm