PANews reported on August 11th that Ethiopia has suspended the issuance of new electricity licenses to cryptocurrency mining companies due to capacity constraints, according to News.bitcoin. This decision comes amidPANews reported on August 11th that Ethiopia has suspended the issuance of new electricity licenses to cryptocurrency mining companies due to capacity constraints, according to News.bitcoin. This decision comes amid
Ethiopia halts new licenses for crypto mining firms due to capacity constraints
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PANews reported on August 11th that Ethiopia has suspended the issuance of new electricity licenses to cryptocurrency mining companies due to capacity constraints, according to News.bitcoin. This decision comes amid a surge in interest in Bitcoin mining. Currently, 25 Bitcoin mining companies are operational, with nearly 20 more awaiting approval, largely due to Ethiopia's low electricity prices and abundant hydropower resources.
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