Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»6th country joins elite Bitcoin mining ranks
BITCOIN NEWS

6th country joins elite Bitcoin mining ranks

By Crypto FlexsFebruary 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
6th country joins elite Bitcoin mining ranks
Share
Facebook Twitter LinkedIn Pinterest Email

Ethiopia has officially announced its foray into Bitcoin mining, joining the growing list of countries that have integrated cryptocurrency mining into their national economic strategies. The development was achieved through a partnership between the Ethiopian government and Data Center Service PLC, a subsidiary of Hong Kong-based West Data Group. This collaboration is part of a significant $250 million data mining project announced in the country.

Ethiopia Joins BTC Mining Circle

Kal Kassa, Hashlabs Mining’s Ethiopian CEO, confirmed the plan: “It’s official! The Ethiopian government plans to mine Bitcoin through a partnership with Data Center Service PLC… “This partnership will target a $250 million data mining project in Ethiopia.” The statement highlights the government’s commitment to leveraging cryptocurrency mining as part of its broader digital and economic strategy.

It’s official!🥂

The Ethiopian government plans to mine Bitcoin through a partnership with Data Center Service PLC, a subsidiary of West Data Group… 🫱🏻‍🫲🏿

Partnership will target $250 million data mining project in Ethiopia 🇪🇹 pic.twitter.com/2YfQ3QbUEO

— Kal Kassa (@KalKassa) February 15, 2024

The news received an enthusiastic response from leading figures in the cryptocurrency community. Ben Van Hodl, COO of JAN3, which promotes national Bitcoin adoption, said: Advert, “Another country gets into Bitcoin.” Likewise, Jaran Mellerud of Hashlabs Mining famous It was developed as a “massive stamp of approval for Ethiopia’s #Bitcoin mining industry.”

Ethiopia Investment Holdings’ official announcement shared via LinkedIn details the scope of its partnership with West Data Center Service PLC. This highlighted the project’s goal to build a state-of-the-art infrastructure for data mining and artificial intelligence training operations in Ethiopia, indicating a broader vision for technology-driven economic growth.

Ethiopian Investment Holdings today signed a Memorandum of Understanding with West Data Center Service PLC (…). The partnership aims to lead a groundbreaking $250 million data mining project dedicated to creating a state-of-the-art infrastructure for data mining and artificial intelligence training operations in Ethiopia. .

A few days ago, Bloomberg reported that Chinese Bitcoin miners had found a new haven in Ethiopia. “Cheap electricity and friendly relations with China have made the Horn of Africa country a top choice for Chinese Bitcoin miners,” the report said. Already, 21 miners are active in Ethiopia, the majority of them Chinese. He added.

Countries that mine Bitcoin

El Salvador has taken the lead in national Bitcoin adoption by qualifying for legal tender and launching state-supported mining using geothermal energy in 2021. This was followed by the launch of local Bitcoin mining pools in October 2023 and partnerships to establish them. A $1 billion mining farm in June 2023 shows the deepening commitment to cryptocurrencies.

Following El Salvador, the Kingdom of Bhutan, Russia, the United Arab Emirates, and Oman have also officially entered BTC mining. Bhutan is using surplus hydroelectric energy for mining and making expansion plans starting in 2020. Russia entered the field through a partnership between Gazprom and BitRiver. The UAE expanded Marathon Digital’s operations into Abu Dhabi, while Oman approved a $1.1 billion investment in Exahertz to expand its mine.

This makes Ethiopia the sixth country to officially announce its participation in BTC mining. However, the transparency of these operations remains uncertain globally, with speculation rife within the cryptocurrency community that more countries may be conducting secret Bitcoin mining activities.

At press time, BTC was trading at $51,908.

BTC price, 1 day chart | Source: TradingView.com BTCUSD

Featured image created with DALL·E, TradingView.com chart

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Gemini file for Gemi’s NASDAQ list as a loss mount

August 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

The US SEC is requesting 19b-4 filing amendments for spot Ethereum ETFs: Report

May 20, 2024

Cronos (CRO) zkEVM testnet has been successfully upgraded to ‘Tethys’.

May 21, 2024

Epoch Times CFO charged with $67 million in cryptocurrency money laundering

June 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.