The post Green Energy Turns Digital Gold appeared on BitcoinEthereumNews.com.

Ethiopia is making waves by using its Grand Renaissance Dam to power Bitcoin mining, generating 18% of Ethiopian Electric Power’s revenue. This renewable energy strategy has transformed excess hydroelectric power into a profitable asset, with $1 billion spent on mining in the past year, surpassing earnings from electricity exports. Deals with 25 Bitcoin mining firms have attracted global investors, leveraging Ethiopia’s ultra-low energy costs of 3.2 cents per kilowatt-hour. This initiative mirrors similar efforts across Africa, showcasing how sustainable energy can fuel economic growth and support impactful projects like conservation and rural electrification. Source: https://coinpedia.org/crypto-live-news/ethiopias-bitcoin-mining-boom-green-energy-turns-digital-gold/

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Filed under: News - @ December 27, 2024 5:16 am