Africa’s Role in Bitcoin Mining: 3% Share in Global Hashrate via Renewables

Quick Summary:

The Africa Bitcoin mining hashrate has surged to an impressive 3% of the global total as of December 2024, a significant leap for a region historically underrepresented in the crypto mining landscape.

Notably, Ethiopia accounts for 2.5%, achieved entirely through renewable energy.

The continent’s mining output has more than doubled in just one year, fueled by strategic investments and government-backed renewable energy initiatives.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaEthiopiaNigerNigeriaSouth Africa

Topics: Africa Africa Bitcoin Mining Hashrate Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 14:38:19 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 655 words

Reading Time: 4 minutes read

Sentences: 40 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24819768

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 12 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 16 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #121

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