Ethiopia makes data center deal with Hong Kong company, may start mining

The Ethiopian government has entered into a partnership with a Hong Kong data center operator. According to reports, Bitcoin mining will be among the activities the sides develop together.

State-owned Ethiopian Investment Holdings has signed a Memorandum of Understanding with Data Center Service, a subsidiary of Hong Kong’s West Data Group, according to an announcement released on Feb. 5. Ethiopia and West Data will cooperate on a $250-million project “dedicated to establishing cutting-edge infrastructure for data mining and artificial intelligence training operations in Ethiopia.”

Indonesian Hashlabs Mining already has operations in Ethiopia, where mining has been permitted since 2022, but cryptocurrency trading is prohibited.

The announcement by Ethiopian Investment Holdings did not mention crypto mining. Bloomberg said in a report on Feb. 7 that the Ethiopian government has created a sandbox to experiment with issuing licenses for “cryptographic products.”

#news #btc #mining #Ethiopia

Feb-16-2024 08:47:38 AM