Bitcoin boom: Ethiopia powers cryptocurrency mining

Ethiopia’s government has ended a freeze on licensing Bitcoin mining companies. The process is energy intensive and the national electricity grid was struggling to meet demand. But the country’s new mega-dam, Africa’s largest, now means there’s a surplus of power until more of Ethiopia is connected to the grid. Al Jazeera’s Bernard Smith reports from Addis Ababa. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X : https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #Ethiopia #Bitcoin #CryptoMining #BitcoinMining #Hydropower #AfricaNews #MegaDam #GreenEnergy #RenewableEnergy #BlockchainAfrica #AlJazeeraEnglish