Ethiopia Increases Bitcoin Mining Power Allocation to 600 MW

According to BlockBeats, Ethiopia has significantly increased its power allocation for Bitcoin mining, raising the capacity to 600 megawatts. This development positions Ethiopia as one of the fastest-growing Bitcoin mining markets globally. Ethan Vera, co-founder and CEO of Bitcoin mining company Luxor, disclosed that Ethiopia plans to further expand its capacity by several hundred megawatts by the end of 2024. Many miners in Ethiopia are utilizing mid-generation machines such as the S19J Pro and A1346. These devices are favored in Ethiopia primarily due to their lower power consumption.