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Category ethiopia

Ethiopia Freezes New Power Permits for Crypto Miners Amid Grid Constraints

Ethiopia Freezes New Power Permits for Crypto Miners Amid Grid Constraints

Ethiopia is halting new electric power permits for data mining companies, effectively freezing the expansion of crypto-mining operations due to lim...
Bitcoin Mining Powers Ethiopia’s $55M Surplus Energy Revenue: Report 

Bitcoin Mining Powers Ethiopia’s $55M Surplus Energy Revenue: Report 

Ethiopia’s state utility generated $55 million from bitcoin mining using surplus hydropower, reinvesting profits to accelerate rural electrificatio...
Nothing Big Enough To Topple US Dollar Dominance Just Yet, According to Central Bank of Brazil Director: Report

Nothing Big Enough To Topple US Dollar Dominance Just Yet, According to Central Bank of Brazil Director: Report

Brazil’s central bank reportedly believes that the US dollar will maintain its position as the world’s leading currency over the next decade. Accor...
Phoenix Group Boosts Ethiopia Bitcoin Mining Capacity to 132 MW

Phoenix Group Boosts Ethiopia Bitcoin Mining Capacity to 132 MW

Phoenix Group has expanded its Bitcoin mining operations in Ethiopia, securing an additional 52 megawatts, bringing its total capacity there to 132...
Phoenix Group Amps Up Their Bitcoin Mining Power To a Global Capacity of Over 500 Megawatts

Phoenix Group Amps Up Their Bitcoin Mining Power To a Global Capacity of Over 500 Megawatts

Bitcoin Magazine Phoenix Group Amps Up Their Bitcoin Mining Power To a Global Capacity of Over 500 Megawatts On April 29, 2025, Phoenix Group anno...