News Explorer — Why Bitcoin Miner BIT Mining Expanded Into Ethiopia

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Jan 7, 3:13 pm

Coindesk

Why Bitcoin Miner BIT Mining Expanded Into Ethiopia

BIT Mining, a Chinese bitcoin mining company, has expanded into Ethiopia, attracted by the country's low electricity costs. The move allows the firm to extend the lifespan of its mining rigs and increase returns for investors, despite concerns about social unrest.

BIT Mining, a Chinese bitcoin mining company, has expanded into Ethiopia, attracted by the country's low electricity costs. The move allows the firm to extend the lifespan of its mining rigs and increase returns for investors, despite concerns about social unrest.

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