The Ethiopian government is set to begin mining Bitcoin through a new partnership with Data Center Service — a subsidiary of West Data Group, according to Ethiopia-based Hashlabs Mining CEO Kal Kassa.
The partnership was announced by the country’s sovereign wealth fund, Ethiopian Investment Holdings (EIH) on Feb. 15.
Under the collaboration, the sovereign wealth fund will invest $250 million in establishing “cutting-edge infrastructure for data mining and artificial intelligence (AI) training operations in Ethiopia.”
Kassa said the deal includes setting up Bitcoin mining operations using Canaan Avalon miners and is part of the country’s broader strategy to leverage its technological and energy resources to attract international investment and foster economic growth.
However, the government has yet to confirm the news officially. EIH did not respond to a request for comment as of press time.
The news comes amid a spike in miner activity due to the impending halving, which is
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