BRICS Enters Bitcoin Mining: China and Ethiopia Sign BTC Miners Deal

In a landmark move, Ethiopia has joined forces with China, stepping into the realm of Bitcoin mining through a strategic deal that capitalizes on Ethiopia’s affordable hydropower. This partnership signals a significant shift in the global Bitcoin mining landscape, potentially impacting the BRICS economic bloc and beyond.

Ethiopia joins BRICS and partners with China to launch Bitcoin mining operations powered by affordable hydropower. This initiative marks Ethiopia as the first African nation to actively engage in large-scale Bitcoin mining with the backing of a BRICS nation like China.

Ethiopia’s pursuit for foreign exchange currencies netted China’s interest, making the two BRICS countries sign a Bitcoin miners deal. This alliance aims to leverage Ethiopia's abundant renewable energy resources and China's expertise in Bitcoin mining hardware and operations.

China found Ethiopia’s State power entities have inked deals with 21 bitcoin miners, overwhelmingly of Chinese origin, signaling Ethiopia’s emergence as a hotspot for mining operations. These deals solidify Ethiopia's position as a rising player in the global Bitcoin mining industry, driven by Chinese investment and the BRICS collaboration.

The collaboration between China and Ethiopia highlights a new trend: BRICS nations leveraging their resources and technological capabilities to participate in the rapidly evolving digital economy. This Bitcoin mining deal could pave the way for further partnerships within the BRICS alliance and influence the future of cryptocurrency mining worldwide.