Ethiopia suspends new electricity licenses for crypto mining firms
according to Bitcoin.com News, Ethiopia has temporarily suspended issuing new power licenses to cryptocurrency mining companies. Currently, there are 25 Bitcoin mining farms in operation, with another 20 waiting, and the power grid has reached its limit.
The Ethiopian Electric Power Company (EEP) has previously sold "idle power" to miners in foreign currency, but experts warn that this may affect the electricity needs of local residents.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Announcement on the increase of borrowing limit coefficients for Bitget spot margin VIP levels
Bitget x DGRAM Carnival: Grab a share of 49,500,000 DGRAM
Trending news
MoreCrypto prices
More
