Ethiopia is emerging as a Bitcoin mining destination with 600MW of power currently being consumed by local miners.
The government has taken steps to support Bitcoin mining, including investing in digital infrastructure and creating a regulatory framework.
The country offers low electricity prices, favorable climatic conditions, and access to inexpensive hardware.
Bitcoin mining has the potential to contribute $2 billion to $4 billion to the Ethiopian economy, but challenges remain in balancing the needs of miners and civilians.