Coin

<ul class="news-points"> 
 <li><strong>Ethiopia’s $250M AI and Bitcoin mining deal aims to position it as Africa’s tech hub.</strong></li> 
 <li><strong>Ethiopia dives into crypto mining, navigating challenges in electricity access.</strong></li> 
 <li><strong>Partnership with West Data Group highlights Ethiopia’s push for tech and blockchain leadership.</strong></li> 
</ul> 
<p>The Ethiopian government, through its investment arm, Ethiopian Investment Holdings, has signed a Memorandum of Understanding with Data Center Service, a subsidiary branch of the Hong Kong-based West Data Group. This partnership, valued at $250 million, aims to pioneer sophisticated data mining and <a href="https://coinedition.com/artificial-intelligence-ai-market-to-reach-over-241b-in-2023-statista/">artificial intelligence</a> (AI) training facilities within Ethiopia.</p> 
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   <p lang="en" dir="ltr">State-owned Ethiopian Investment Holdings has signed a Memorandum of Understanding with Data Center Service, a subsidiary of Hong Kong’s West Data Group. They will cooperate on a $250-million project to establishing cutting-edge infrastructure for bitcoin mining and AI training.…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1758357850202816740?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 16, 2024</a>
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<p>Kal Kassa, the CEO of Hashlabs Mining, <a href="https://x.com/KalKassa/status/1758122104271126733?s=20" target="_blank" rel="nofollow">revealed</a> on an X post that through this joint venture, the Ethiopian government will delve into bitcoin mining operations. Hashlabs Mining highlights the country’s opennes…</p>
<p>The post <a href="https://coinedition.com/ethiopia-embarks-on-a-250m-data-and-ai-venture-with-hong-kong-firm/">Ethiopia Embarks on a $250M Data and AI Venture with Hong Kong Firm</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Ethiopia Embarks on a $250M Data and AI Venture with Hong Kong Firm

Coin Edition

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