Ethiopia Crypto Mining Faces Sudden Halt Amidst Power Crisis

Key Points

1. Ethiopia faces a power shortage, leading to the suspension of new electricity permits for crypto mining operations.

2. Currently, 25 Bitcoin mining operations are active in Ethiopia, reflecting the country's appeal for crypto mining due to lower energy costs and favorable regulations.

3. The halt underscores the broader challenge of balancing infrastructure development with the energy demands of the crypto industry in Africa.

4. The government's decision is driven by the need to prioritize electricity for the general populace over energy-intensive industries like crypto mining.