According to BlockBeats, on October 11, News.Bitcoin reported that Ethiopia has recently significantly increased its electricity allocation for Bitcoin mining, increasing its capacity to 600 megawatts, becoming one of the fastest growing Bitcoin mining markets in the world.

Ethan Vera, co-founder and CEO of Bitcoin mining company Luxor, revealed that Ethiopia plans to add hundreds of megawatts of capacity by the end of 2024. A large number of miners in Ethiopian mines use mid-generation machines such as S19J Pro and A1346. The main reason these devices are popular in Ethiopia is their lower power consumption.