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Russia to build crypto mining hub in Africa

The new facility could reportedly turn Ethiopia into a global mining center

Russian supplier of Bitcoin mining solutions BitСluster is building a 120-megawatt (MW) data center in Ethiopia, the company has announced on its website.

According to a press release issued on Thursday, the facility will be located in the capital city of Addis Ababa, on the territory of the Kilinto high-voltage substation, and will comprise 30,000 square meters.

The commissioning of the new data center will take place in January 2024, BitСluster said, noting that transformers are currently being connected.

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The report highlighted that the engineering and technical conditions of the data center meet the requirements of the most modern mining devices.

“100% of the data center’s electricity comes from renewable energy sources, specifically from the Grand Ethiopian Renaissance Dam, the largest hydropower project in Africa, with a capacity of 5.15 GW,” the press release reads.

The new energy infrastructure of the Kilinto high-voltage substation will reportedly ensure “uninterrupted power supply to the facility with the expected uptime 99%.”

BitCluster pointed out that the scale of the project allows it to be a full-cycle service center, thereby saving time and money on fixing faulty devices in-house, which makes mining more efficient.

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READ MORE: Remote mountain kingdom secretly mining bitcoin – Forbes

“Ethiopia, with its hydropower potential, will undoubtedly become a new place of attraction for global mining,” co-founder of BitCluster Sergey Arestov projected.

December 22, 2023 at 02:23PM
RT

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