Ethiopia Suspends Issuance of New Power Permits to Crypto Mining Companies
According to a report by Jinse Finance, as disclosed by Bitcoin.com News, Ethiopia has suspended the issuance of new electricity permits to crypto mining companies. Currently, 25 Bitcoin mining farms are in operation, with another 20 awaiting approval, and the power grid has reached its limit. Ethiopian Electric Power (EEP) had previously sold "idle electricity" to miners in foreign currency, but experts warn that this could impact local residents' electricity needs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Over 90 Million Americans Can Now Add Cryptocurrency to Their 401(k) Plans
Ant Group: Reports on Collaboration to Create a Rare Earth RMB Stablecoin Are Rumors
Survey: ECB May Deliver Final Rate Cut of This Cycle in December
Trending news
MoreCrypto prices
More
