TechFlow News, on October 11, according to Bitcoin.comNews, Ethiopia has recently significantly increased its power allocation for Bitcoin mining, raising capacity to 600 megawatts, making it one of the fastest-growing Bitcoin mining markets globally. Ethan Vera, co-founder and CEO of Bitcoin mining company Luxor, revealed that the African country plans to add several hundred more megawatts of capacity by the end of 2024.
Vera recently visited over a dozen mining facilities in Ethiopia and found many miners are using mid-generation machines such as the S19J Pro and A1346. These models are popular in Ethiopia primarily due to their lower power consumption. Despite the cold local climate, most mining sites are equipped with evaporative cooling systems (water walls), though they are rarely used in practice. Earlier this year, Ethiopia signed power supply agreements with 21 major mining companies, mostly from China, demonstrating its ambition to become a leading global Bitcoin mining hub.
