Ethiopia Halts New Power Licenses for Cryptocurrency Mining Amid Capacity Constraints

According to PANews, Ethiopia has decided to suspend the issuance of new power licenses to cryptocurrency mining companies due to capacity limitations. This decision comes at a time when interest in Bitcoin mining is surging. Currently, 25 Bitcoin mining companies are operational, with nearly 20 more awaiting approval. The country's appeal to miners is largely attributed to its low electricity costs and abundant hydroelectric resources.