Ethiopia Halts New Mining Licenses Amid Capacity Constraints

Ethiopia has paused the issuance of new power licenses for cryptocurrency mining operations due to exceeding capacity limitations. This decision coincides with a growing interest in Bitcoin mining across the globe. Currently, 25 crypto mining companies are active in Ethiopia, with nearly 20 more awaiting approval. The country’s appeal for miners is largely fueled by its low electricity costs and ample hydroelectric resources available.