Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Ethiopia Emerges as Africa’s Leading Bitcoin Mining Hub

Source Cryptopolitan

The co-founder and the COO of Luxor has shared that Ethiopia is fully operational with an increased hash rate for BTC as 600 MW for mining. Ethiopia’s most popular mid-generation mining rigs were the Avalon A1346 and Antminer S19J Pro models.

Ethan Vera has visited Ethiopia with government officials and people from the mining industry. He said that EEP has confirmed its support for Ethiopia Bitcoin mining industry. It has also promised to energize 100s of megawatts as 2024 ends.

We participated in the second @GAMA_alliance conference in Addis Ababa, Ethiopia.

Ethiopia leads Africa for deployed hashrate at 600MW with much more hashrate to come.

Luxor is looking forward to continuing to support miners in Africa with machine importation, & custom firmware pic.twitter.com/lHKcwxSpSL

— Luxor Technology 🟧⛏️ (@luxor) October 7, 2024

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold sits near record high as Fed rate cut bets keep USD depressed Gold (XAU/USD) retreats slightly after touching a fresh record high, around the $3,689-3,690 region during the Asian session on Tuesday, amid some repositioning trade ahead of key central bank events.

Author FXStreet

Sep 16, Tue

Gold (XAU/USD) retreats slightly after touching a fresh record high, around the $3,689-3,690 region during the Asian session on Tuesday, amid some repositioning trade ahead of key central bank events.

Silver Price Forecast: XAG/USD slumps to near $42.00, investors brace for Fed rate decision The Silver price (XAG/USD) tumbles to around $42.05 during the Asian trading hours on Wednesday.

Author FXStreet

Yesterday 02: 28

The Silver price (XAG/USD) tumbles to around $42.05 during the Asian trading hours on Wednesday.

Bitcoin could rally alongside S&P 500 if Fed cut rates Bitcoin (BTC) could be poised for a price surge following its positive correlation with the S&P 500, as market participants anticipate a 25-basis-point rate cut from the Federal Reserve on Wednesday.

Author FXStreet

Yesterday 03: 46

Bitcoin (BTC) could be poised for a price surge following its positive correlation with the S&P 500, as market participants anticipate a 25-basis-point rate cut from the Federal Reserve on Wednesday.

Gold pulls back from record highs as USD recovers ahead of Fed decision Gold (XAU/USD) attracts some sellers during the Asian session on Wednesday and moves away from the all-time peak, levels just above the $3,700 mark touched the previous day.

Author FXStreet

Yesterday 05: 43

Gold (XAU/USD) attracts some sellers during the Asian session on Wednesday and moves away from the all-time peak, levels just above the $3,700 mark touched the previous day.

Federal Reserve set to resume interest-rate cuts as concerns over labor market mount The US Federal Reserve is expected to cut the policy rate for the first time in 2025.

Author FXStreet

20 hours ago

The US Federal Reserve is expected to cut the policy rate for the first time in 2025.

Popular Symbols