Crypto Daily – Ethiopia is leveraging its hydroelectric power through the Grand Renaissance Dam to power mining and generate 18% of the country’s revenue from digital assets.
Bitcoin mining is being fueled by renewable energy in Africa, helping spur economic growth and fund important conservation projects like the one in Virunga.
Ethiopia Using Bitcoin To Generate Revenue
Ethiopia is leveraging its enormous hydroelectric power, primarily from the Grand Ethiopian Renaissance Dam (GERD) for Bitcoin mining. This has helped the country generate 18% of Ethiopian (EEP) income from Bitcoin mining, turning idle energy into a profitable asset. A staggering $1 billion has been spent on mining in the past year, significantly more than earnings from electricity exports.
“Africa’s Crypto Power Play: Where Energy Meets the Blockchain Africa’s got the juice – and crypto’s tapping in. Ethiopia’s Grand Renaissance Dam is flipping unused power into…
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