‘We’re Using Bitcoin Mining as a Transition – Its Not Permanent,’ Says CEO, Ethiopia Electric Power

‘We’re Using Bitcoin Mining as a Transition – Its Not Permanent,’ Says CEO, Ethiopia Electric Power

Ethiopia has opened what officials are calling Africa’s largest hydroelectric project — the Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile. The plant’s installed capacity is reported at just over 5,000 megawatts, which is more than double the country’s electricity capacity, making GERD one of the world’s largest hydropower stations and a transformational addition to Ethiopia’s energy mix. The project cost is commonly reported near $5 bi…