Africa

Despite Ethiopia’s outlawing of physical cryptocurrency exchange, the country welcomes Bitcoin mining operations.

Bitcoin mining has become increasingly popular in Ethiopia since China expelled the industry from its territory in 2021.

After the prohibition was lifted, the largest corporations in China dispersed worldwide in search of new locations that would accommodate their energy-intensive business practices.

When cargo containers containing powerful mining computers appeared near electricity substations associated with the Grand Ethiopian Renaissance Dam last spring, that journey brought many individuals to Africa.