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Africa's Bitcoin Boom: Ethiopia Leads with 3% Hashrate

1/1/2025

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Summary

Story summary

Africa's Bitcoin mining industry is booming, now representing 3% of the global hashrate, with Ethiopia leading at 2.5%. Over $1 billion has flowed into Ethiopian infrastructure, fueled by affordable electricity and renewable energy projects. As Nigeria and Kenya gear up to join the fray, the continent braces for a wave of economic and energy sustainability.

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Story summary

Africa's Bitcoin mining industry is booming, now representing 3% of the global hashrate, with Ethiopia leading at 2.5%. Over $1 billion has flowed into Ethiopian infrastructure, fueled by affordable electricity and renewable energy projects. As Nigeria and Kenya gear up to join the fray, the continent braces for a wave of economic and energy sustainability.