TechFlow reports, according to Forbes, as of December 2024, Africa accounted for 3% of global Bitcoin mining hash rate, with Ethiopia alone contributing 2.5%, more than double the entire continent's output in 2023—and entirely powered by renewable energy.
Following Ethiopia’s approval of Bitcoin mining earlier this year, the country attracted over $1 billion in mining infrastructure investments in 2024, drawing interest from multiple nations including Kenya, eager to leverage Bitcoin mining to stimulate economic growth, electrify communities, and manage green energy projects.
Data from Ethiopian Electric Utility shows that in 2024, revenue from electricity sales to Bitcoin miners exceeded $55 million—accounting for 18% of its total income. This revenue has accelerated the construction of critical transmission lines needed to deliver power across the country. Bitcoin mining is emerging as a viable catalyst for expanding electricity access nationwide.
