Ethiopia Invests $250M in Bitcoin Mining & AI Center, Partnering with Russia

Project Mano aims to serve as a blueprint for integrating these technologies into Ethiopia’s economy, with a focus on harnessing the nation’s vast renewable energy resources.

In a landmark move towards integrating cutting-edge technologies into its economic infrastructure, Ethiopia announces plans to establish a $250 million bitcoin mining and AI data center. Spearheaded by the Russian bitcoin mining company BitCluster, this ambitious project signifies Ethiopia’s bold step towards becoming a global digital economy leader.

The initiative, known as Project Mano, underscores Ethiopia’s commitment to leveraging its renewable energy sources to power the advancement of bitcoin mining and AI development. Project Mano aims to serve as a blueprint for integrating these technologies into Ethiopia’s economy, with a focus on harnessing the nation’s vast renewable energy resources.

Located in Addis Ababa, adjacent to the Kilinto high-voltage substation, the 30,000-square-meter facility will boast a capacity of 120 megawatts. Strategically positioned to capitalize on Ethiopia’s hydroelectric power from the Grand Ethiopian Renaissance Dam, the project ensures a sustainable energy supply crucial for the energy-intensive process of bitcoin mining. This approach not only supports Ethiopia’s environmental goals but also contributes to the stability of the energy grid.

The facility’s substantial capacity will accommodate over 34,000 Antminer S21 200Th miners, adding a significant 6.8 EH/s to the total bitcoin network hash rate. This move reflects a growing emphasis on renewable energy in the bitcoin mining sector and underscores the geographic diversification of mining operations to regions offering climatic advantages and renewable energy sources.

Ethiopia’s embrace of this transformative project aligns with its broader aspirations to become a hub for technological innovation and sustainable development. By harnessing its renewable energy potential, Ethiopia aims to attract global attention and investment in its tech sector, fostering new opportunities for employment, growth, and development.

The decision to select Ethiopia as the site for this investment mirrors a trend among bitcoin miners to seek out locations with cost-effective and sustainable energy solutions and favorable regulatory environments.

According to projections outlined in the Project Mano proposal, Ethiopia’s integration of bitcoin mining into its economy could potentially contribute $2 to $4 billion annually to its GDP. This strategic move holds the promise of significantly boosting the nation’s economy, enhancing its technological infrastructure, and positioning it as a leader in the clean energy-driven future of bitcoin mining.

Ethiopia’s commitment to embracing blockchain technology and AI represents a pivotal moment for the nation, signaling its readiness to seize the opportunities presented by these transformative technologies. As Project Mano unfolds, it is poised to attract global attention to Ethiopia’s burgeoning tech industry and its dedication to sustainable and innovative economic development.

In conclusion, Ethiopia’s collaboration with BitCluster to establish a state-of-the-art bitcoin mining and AI data center marks a significant milestone in the nation’s journey towards technological advancement and economic prosperity. With a focus on renewable energy and sustainable development, this groundbreaking project has the potential to propel Ethiopia to the forefront of the global digital economy.