Bitcoin

Russian bitcoin mining solutions provider BitCluster is set to revolutionize the industry with its newest 120 MW data centre in Ethiopia's capital, Addis Ababa. Scheduled for launch in January 2024, this 30,000 square meter facility, adjacent to the Kilinto high-voltage substation, showcases the company's commitment to leveraging renewable energy for crypto mining. With transformers currently being connected, the anticipation is high, according to <a href="https://www.rbc.ru/crypto/news/6583fc459a794726d9e9686e" rel="noopener noreferrer nofollow">RBC</a>.
BitCluster's approach is environmentally conscious, drawing power entirely from renewable sources. The primary source is the Grand Ethiopian Renaissance Dam, Africa's largest hydroelectric project boasting a 5.15 GW capacity. This strategic move ensures an uninterrupted electricity supply vital for crypto mining operations. The data centre's 120MW capacity can support over 34,000 <a href="https://ultramining.com/en/hardware/antminer-s21-200-ths/" rel="noopener noreferrer nofollow">Antminer S21</a> 200Th miners, contributing a significant 6.8 EH/s, or 1.2% of the total bitcoin network <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">hash rate</a>.
The choice of Ethiopia is strategic, benefiting from its hydropower potential and suitable climatic conditions. This move could position Ethiopia as a new global hub for cryptocurrency mining. With these developments, the landscape of bitcoin mining is evolving, with a growing emphasis on renewable energy and geographical diversification.&nbsp;

Ethiopia Becomes New Hub for Russian Firm BitCluster’s Bitcoin Mining Expansion

Ultramining_Eng

Other articles published on Dec 21, 2023

Bitcoin up 4% as Crypto Prices Rebound, These Altcoins Have Also Seen Gains

Solana’s market cap surges by over 14%, reaching a 19-month high of $85

Crypto Will Play a Key Role in 2024 US Elections: Grayscale

Crypto Trader Prints 4,827x Gains in Two Weeks Trading New Avalanche-Based Memecoin: On-Chain Data

Vitalik Buterin Just Sold Trillions of Memes: Here's How Much He Earned

ETFs and Interest Rates: Catalysts or Concerns for Bitcoin's Future?

Join our free newsletter for daily crypto updates!