Africa | ForkLog

ForkLog 74 27.12.2024

Bitcoin Miners Account for 18% of Ethiopia’s Electricity Sales

Bitcoin miners contribute nearly a fifth of all electricity sales revenue in Ethiopia, according to The Africa Report, citing Hiwot Eshetu, Marketing Director of the state-owned Ethiopian Electric Power (EEP). “Currently, 18% of EEP’s monthly sales come from Bitcoin mining. This exceeds all of Ethiopia’s electricity exports to neighboring countries,” he noted. As of November […]

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ForkLog 27 05.12.2024

Ethiopia’s Share in Bitcoin Hashrate Reaches 2.5%

Bitcoin miners based in Ethiopia now control 2.5% of the network’s computational power, according to local bitcoin miner Kal Kassa. Bitcoin miners in Ethiopia now command 2.5% of the global hash-rate. If trends continue, according to Ethiopian Electric Power (EEP), this will more than double within one year. pic.twitter.com/oW0G95TUDa — Kal Kassa (@KalKassa) December 4, […]

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ForkLog 1 26.11.2024

Orange to Develop Custom AI Models for Africa

French telecommunications giant Orange has partnered with OpenAI and Meta to create custom AI models designed to better understand regional African languages, which are challenging for most conversational systems. This was reported by CNBC. Currently, major startups train algorithms with information from the United States, which can cause models to lose important context from other […]

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ForkLog 27 22.10.2024

BitFuFu to Acquire 80 MW Bitcoin Mining Farm in Ethiopia

Cloud mining service provider BitFuFu has finalised an agreement to acquire a controlling stake in an 80 MW bitcoin mining facility in Ethiopia. According to a press release, the deal marks the company’s shift from managing small-scale assets to establishing its own mining infrastructure. As of 30 June 2024, BitFuFu had 522 MW of capacity […]

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ForkLog 44 27.05.2024

Marathon to Invest $80 Million in Green Bitcoin Mining in Kenya

Mining firm Marathon Digital Holdings has reached an agreement with the Ministry of Energy and Petroleum of the Republic of Kenya to establish data centers utilizing renewable energy sources. During President @WilliamsRuto’s State Visit to the US, we entered into an agreement with @EnergyMinK to invest over $80 million in establishing green data centers to […]

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ForkLog 41 25.03.2024

Bitcoin Halving May Drive US Miners to Africa

Outdated bitcoin mining equipment in the United States is set to be sold to overseas buyers seeking to profit from mining in regions with cheaper electricity. Industry experts revealed this in an interview with Bloomberg. Taras Kulik, CEO of mining equipment retailer SunnySide Digital, stated that this trend is driven by the upcoming halving. He […]

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ForkLog 41 12.02.2024

Marathon Digital Eyes African Expansion for Bitcoin Mining

American mining company Marathon Digital has made global expansion a strategic priority and is considering entering the African market, reports Blockworks. In November 2023, the Florida-based firm began bitcoin mining operations in Paraguay, partnering with Penguin Infrastructure Holding to establish a data center. This venture marks Marathon’s second international project following the launch of a […]

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ForkLog 50 12.02.2024

Chinese Miners Relocate to Ethiopia, Bloomberg Reports

Chinese miners are increasingly choosing Ethiopia as their next hub for operations, following Iran and Kazakhstan, according to Bloomberg. The African nation has banned cryptocurrency trading but approved mining since 2022. According to the publication, 19 out of 21 companies that have agreements with the state energy monopoly Ethiopian Electric Power (EEP) are Chinese. After […]

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ForkLog 11 26.07.2023

Namibia enacts cryptocurrency regulation

The Namibian government signed a law regulating the activities of virtual asset service providers (VASPs).

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ForkLog 11 21.12.2022

Central African Republic delays listing of Sango Coin to 2023

The Central African Republic (CAR) postponed the listing of the national digital currency Sango Coin to the first quarter of 2023. This was stated in the project's Telegram channel.

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ForkLog 11 07.12.2022

Central Bank of Nigeria limits cash withdrawals to promote CBDC

Nigerian authorities have imposed withdrawal limits as part of promoting cashless alternatives and expanding the use of the national digital currency eNaira, according to the central bank directive (CBN).

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ForkLog 20 25.11.2022

IMF urges tougher cryptocurrency regulation in Africa

The IMF proposed that authorities of African states implement tougher oversight of digital assets to strengthen consumer protections.

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