ChainCatcher news, according to Bitcoin.com, the National Bank of Ethiopia may issue cryptocurrency guidelines.It is reported that although Ethiopia has not yet confirmed the legality of cryptocurrency, the National Bank of Ethiopia is closely monitoring global developments, which may indicate a potential shift in Ethiopia's stance on digital currency.

ChainCatcher news, the listed Bitcoin mining company BIT Mining announced that it has signed a final agreement to acquire a 51-megawatt mining data center in Ethiopia and 17,869 Bitcoin mining machines, with a total consideration of $14.28 million, including a cash payment of $2.265 million and the issuance of Class A common stock with a par value of $0.00005 per share (totaling $12.015 million).

ChainCatcher news, Bitcoin mining company BitFuFu announced plans to acquire a majority stake in an 80 megawatt (MW) cryptocurrency mining facility in Ethiopia. This acquisition marks a shift for the Wall Street-based mining company as they seek cheaper energy in East Africa to cope with rising operational costs and shrinking profit margins.Over the past year, BitFuFu's operating costs have surged by 170%, leading to a 75% decline in net profit. The company's entry into Ethiopia is expected to alleviate these challenges by reducing energy costs (averaging below $0.04 per kilowatt-hour).

ChainCatcher news, Ethiopia expands Bitcoin mining power allocation to 600 megawatts, becoming one of the fastest-growing markets in the world, and plans to further increase capacity this year.According to Ethan Vera, co-founder and CEO of Bitcoin miner Luxor, miners in Ethiopia primarily use low-power mid-generation equipment, such as the S19J Pro and A1346 models.It is reported that Ethiopia also aims to become a Bitcoin mining hub by signing power supply agreements with 21 mining companies, mainly from China.

ChainCatcher news, according to Cointelegraph, the Ethiopian Investment Holdings has signed a memorandum of understanding with Data Center Service, a subsidiary of Hong Kong's West Data Group, to collaborate on a $250 million project to establish data center and artificial intelligence training infrastructure in Ethiopia, which includes joint efforts in Bitcoin mining.

ChainCatcher news, Russian Bitcoin mining solution provider BitCluster is building a 120 megawatt data center in Ethiopia.