Eskom Explores Bitcoin Mining and AI to Address Financial Challenges

According to PANews, South Africa's national power company, Eskom, is considering leveraging Bitcoin mining, artificial intelligence, and data center operations to tackle its ongoing financial crisis. CEO Dan Marokane highlighted the need for new revenue streams as electricity sales continue to decline, with a 4% drop in 2024 due to the widespread adoption of renewable energy. This decline exacerbates the pressure of Eskom's debt, which stands at 4. 03 trillion rand (approximately $227 billion) source: https://www.binance.com/en/square/post/26356048874721?utm_source=BinanceNewsRSS