Ethiopia Embarks on a $250M Data and AI Venture with Hong Kong Firm

• Ethiopia’s $250M AI and Bitcoin mining deal aims to position it as Africa’s tech hub.
• Ethiopia dives into crypto mining, navigating challenges in electricity access.
• Partnership with West Data Group highlights Ethiopia’s push for tech and blockchain leadership.

The Ethiopian government, through its investment arm, Ethiopian Investment Holdings, has signed a Memorandum of Understanding with Data Center Service, a subsidiary branch of the Hong Kong-based West Data Group. This partnership, valued at $250 million, aims to pioneer sophisticated data mining and artificial intelligence (AI) training facilities within Ethiopia.

Kal Kassa, the CEO of Hashlabs Mining, revealed on an X post that through this joint venture, the Ethiopian government will delve into bitcoin mining operations. Hashlabs Mining highlights the country’s opennes…

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