Ethiopia’s state-owned power producer, and a population of 126 million Ethiopians, welcomed the bitcoin mining industry in 2024 with an attractive electricity rate of USD 3.2 cents KWh. In this past year EEP has generated USD 55 million in revenues from bitcoin miners and expects USD 123 million in the year to come.
As we look forward to 2025, let’s take time to recognize the efforts and events in Ethiopia from the year 2024. These highlights can serve as a blueprint for how other energy-potential rich nations, even those too small or timid to challenge historical assertions about money, can also join in this race for energy and add-value to the bitcoin network.
First Quarter
December 13, 2023, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update that addresses the accounting for and disclosure of “crypto” assets. Google Developers Group Addis (GDG Addis) invited Kal Kassa of BitcoinBirr and Dr. Nemo Semret of QRB Labs to speak at DevFest’23.R
We współpracy z: https://bitcoinmagazine.com/culture/recounting-ethiopias-bitcoin-developments-in-2024-
