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BIT Mining Facility Acquisition in Ethiopia

Sector: Commercial • Location: Ethiopia

Source: Nanyang Technological University - NTU Singapore

Project
Awarded

BIT Mining, a Chinese cryptocurrency mining company, has signed an agreement to acquire 51MW of mining facilities in Ethiopia for approximately US$14 million. This move is part of a trend where crypto miners are attracted to Ethiopia's low electricity costs and renewable energy sources.

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Project Information

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The project “BIT Mining Facility Acquisition in Ethiopia” is an infrastructure initiative in the Commercial sector, located in Ethiopia. Taiyo aggregates data on it from Nanyang Technological University - NTU Singapore.

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Participants

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Original status

Awarded

Taiyo status

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Email

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Description

Description

BIT Mining, a Chinese cryptocurrency mining company, has signed an agreement to acquire 51MW of mining facilities in Ethiopia for approximately US$14 million. This move is part of a trend where crypto miners are attracted to Ethiopia's low electricity costs and renewable energy sources.

Original sub-sector

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Original Currency

USD

Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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