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HONG KONG – April 16, 2024 – <a href="https://uminers.com/" rel="noopener noreferrer nofollow">UMINERS</a> (HK), a company providing equipment and facilities for crypto mining, announced the launch of its new data center in Ethiopia today. This expansion strengthens UMINERS&#39; global mining capabilities and establishes them as a major player in the industry.The first stage of this project has officially begun, with an expected completion time of 4 to 6 months. Upon completion, this phase will offer a substantial 100 MW capacity, housing around 24,000 advanced ASIC miners. This cutting-edge equipment will include the latest models from industry leaders like Bitmain (Antminer S21, S21 Hydro, T21, and S19).“The increasing complexity of mining necessitates greater investment in robust equipment and facilities,” explained Batyr Hydyrov, President of UMINERS. “The industrial-scale mining for extracting the remaining bitcoins has never been more pertinent. The battle for accessing sufficient electrical power is intensifying globally, as the slowdown in miner sales worldwide is mainly due to the scarcity of installation sites and available power capacity.&#34;UMINERS strategically selected Ethiopia for its new facility due to the country’s abundant access to low-cost, hydroelectric electricity, a sustainable and environmentally friendly power source. This unique advantage positions Ethiopia as an ideal location for energy-intensive crypto mining data centers.&#34;Our activities are in line with our philosophy, which we have regularly articulated at industry expos: &#39;Crypto needs more power&#39;,&#34; emphasized Hydyrov. &#34;Strategically positioned to tackle these growing needs head-on, Uminers&#39; leadership has a strong awareness of the industry&#39;s direction.&#34;Beyond solidifying UMINERS’ position in the global market, this project is poised to contribute meaningfully to Ethiopia’s economic and technological development. Company representatives also noted that UMINERS plans to expand its operations in different regions, including the Middle East, Africa and South America.<h2 id="header-0">What is Uminers?</h2><a href="https://uminers.com/" rel="noopener noreferrer nofollow">UMINERS</a> is an internationally acclaimed provider of cryptocurrency mining hardware and services, having been established in 2017. Its current mining operations have a combined capacity of 90 MW, allowing UMINERS to provide customers with all-inclusive, turnkey solutions. Headquartered in Guangzhou, China, UMINERS serves as the official distributor for industry leaders such as BITMAIN and MicroBT. The company maintains additional branches in HK, UAE, USA, Singapore and Oman.

UMINERS (HK) CEO Announces Plans to Scale Mining Operations in Ethiopia

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