Ethiopia is embarking on a groundbreaking USD 250 million bitcoin mining and AI data center project, spearheaded by BitCluster.
With the goal of becoming a leading force in the global digital economy, the country is utilizing its renewable energy reservoirs to drive forward the progress of bitcoin mining and AI development. An integral part of this ambitious endeavor is Project Mano, designed to tap into Ethiopia's renewable energy sources. Its aim is to set a precedent for the integration of these technologies into Ethiopia's economy.
The project involves constructing a large facility near the Kilinto high-voltage substation in Addis Ababa, strategically positioned to capitalize on Ethiopia's abundant hydroelectric power from the Grand Ethiopian Renaissance Dam.
With plans to host over 34,000 Antminer S21 200Th miners, the facility is expected to contribute significantly to the bitcoin network hash rate. This move aligns with Ethiopia's vision to become a hub for technological innovation and sustainable development, attracting global attention and investment in its tech sector. By integrating bitcoin mining into its economy, Ethiopia anticipates substantial GDP growth and positioning itself as a leader in clean energy-driven bitcoin mining.
As part of the USD 250 million bitcoin mining and AI development project Ethiopian Investment Holdings (EIH), the government’s investment wing, signed a memorandum of understanding with Hong Kong-based West Data Group's Center Service. BitCluster has already launched a 120MW data center on the territory of the territory of the kilinto high-voltage substation. All of the data center’s electricity comes from renewable energy sources, specifically from the Grand Ethiopian Renaissance Dam, the largest hydropower project in Africa with a capacity of 5.15 GW. Moreover, according to BitCluster, the new energy infrastructure of the Kilinto high-voltage substation (230/33 kV) will ensure uninterrupted power supply to the facility with the expected uptime 99%.
Ethiopia is ranked fourth globally in 2023 as a top destination for Bitcoin mining rigs, with companies like Bitcluster and Hashlabs Mining investing in facilities. There's optimism about Ethiopia's potential to rival Texas in energy generation, although regulatory uncertainty remains a concern for miners. The Ethiopian government aims to boost foreign currency inflows through mining as it seeks to address economic challenges.
Source: Forbes
Additional source: Bitcluster
