Ethiopia Suspends Issuance of New Power Permits to Crypto Mining Companies
According to a report by Jinse Finance, as disclosed by Bitcoin.com News, Ethiopia has suspended the issuance of new electricity permits to crypto mining companies. Currently, 25 Bitcoin mining farms are in operation, with another 20 awaiting approval, and the power grid has reached its limit. Ethiopian Electric Power (EEP) had previously sold "idle electricity" to miners in foreign currency, but experts warn that this could impact local residents' electricity needs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
South32 submits business update presentation to National Storage Mechanism
Eurozone Bond Yields Rise but Stay Below Monday's Peaks -- Market Talk
Gold: Fed risk keeps bullion vulnerable – ING
Carlyle (CG.US) further expands energy business, acquires Parallax for 1 billion Canadian dollars
Carlyle's newly established company plans to acquire Parallax for approximately 1 billion Canadian dollars, continuing its expansion of light crude oil assets in Canada.
Crypto prices
More
