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Chinese Crypto Mining Giant Taps Ethiopia’s Energy for New 51MW Facility
BIT Mining signed a $14 million deal to acquire a 51 MW Bitcoin mining facility in Ethiopia. This expansion marks the company’s first venture outside Ohio. Ethiopia’s cheap electricity ...
Bitcoin Magazine11mon
Chinese Partnership to Bring Large-Scale Bitcoin Mining to Ethiopia
Chinese investment at Ethiopia’s largest dam is creating a powerful new mining hub. Still in its relative infancy, the area is already host to significant mining activity. Chinese investment at ...
CoinDesk26d
How Ethiopia’s Low Energy Costs Allow BIT Mining to Recycle its Bitcoin Machines
mining company BIT Mining (BTCM) from expanding its operations — until now confined to Akron, Ohio — into Ethiopia by signing a $14 million deal to acquire facilities worth 51 megawatts (MW ...
Finextra5d
BIT Mining Expands Crypto Operations in Ethiopia with $2.26M Acquisition of Data Centers
BIT Mining, a leader in the world of crypto mining, has made an important move towards strengthening its position in Ethiopia, where it’s already been operating for years. It’s a significant ...
Finanznachrichten4mon
BIT Mining Limited: BIT Mining Completed the First Phase of Acquisition in Ethiopia
AKRON, Ohio, Dec. 9, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has ...
Morningstar10d
Phoenix Group Accelerates Global Expansion with 80MW Ethiopian PPA, Significantly Boosting Bitcoin Mining Capacity
Reza Nejatian, CEO of Global Mining Operations at Phoenix Group, added: "This project in Ethiopia, significantly increasing our exahash rate, is a clear signal of our ambition to not just ...