The Ethiopian authorities plan to invest $250 million in creating infrastructure for bitcoin mining and training the country's citizens in digital technologies. The corresponding agreement was signed with Data Center Service.
The state-owned Ethiopian Investment Holdings will have to finance the development of mining infrastructure. Specialists from Data Center Service, a subsidiary of Hong Kong data center operator West Data Group, will provide technical solutions for the creation and implementation of infrastructure related to bitcoin mining.
Information that the Ethiopian government plans to create infrastructure for bitcoin mining was confirmed by Kal Kassa, CEO of Hashlabs Mining. His company has been mining cryptocurrency in Ethiopia for more than two years.
Previously, companies from China began to increasingly consider Ethiopia as a springboard for investment and the creation of new capacities for the production of bitcoins on an industrial scale.
Source: Cryptocurrency
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