Ethiopia Ventures into Bitcoin Mining and AI with $250 Million Center

In an ambitious leap towards technological innovation, Ethiopia has announced plans to establish a groundbreaking $250 million bitcoin mining and AI data center. This venture, spearheaded by the Russian bitcoin mining giant BitCluster, marks a significant stride in Ethiopia's quest to integrate advanced technologies into its economic framework.

Dubbed Project Mano, the initiative aims to position Ethiopia at the forefront of the global digital economy by capitalizing on its abundant renewable energy resources. The proposed 120-megawatt, 30,000-square-meter facility, to be located in Addis Ababa near the Kilinto high-voltage substation, will primarily draw power from the Grand Ethiopian Renaissance Dam. This focus on hydroelectric power underscores Ethiopia's commitment to sustainable bitcoin mining practices, a critical factor given the energy-intensive nature of the process.

With the capacity to support over 34,000 Antminer S21 200Th miners, the facility is expected to contribute approximately 1.2% to the global bitcoin network hash rate. This move not only highlights the shift towards renewable energy in bitcoin mining but also emphasizes Ethiopia's strategic effort to diversify its economy through technology.

The initiative is poised to transform Ethiopia into a hub for tech innovation and sustainable development, leveraging its renewable energy potential to attract global investments. By integrating bitcoin mining and AI into its economic infrastructure, Ethiopia aims to generate an additional $2 to $4 billion annually for its GDP, signaling a significant economic boost. This venture reflects the country's broader aspirations for technological advancement and economic growth, positioning Ethiopia as a pioneering force in the clean energy-driven future of global tech industries.