Ethiopia Seeks Global Partner for State-Backed Bitcoin Mining
The post Ethiopia Seeks Global Partner for State-Backed Bitcoin Mining appeared first on Coinpedia Fintech News
Ethiopia is preparing to enter Bitcoin mining at a state level as the government looks for global partners to support a national mining project.
At the Finance Forward Ethiopia 2026 conference, officials confirmed that the country wants to partner with investors to launch a state-backed Bitcoin mining venture, marking a major shift in how Ethiopia approaches digital assets.
Ethiopia Bitcoin Mining Plan Seeks Investment Partner
The announcement was made by Prime Minister Abiy Ahmed, who said that Ethiopian Investment Holdings, a state-owned company, is actively seeking an investment partner.
This shows that Ethiopia now sees Bitcoin mining not just as a private business, but as a national opportunity.
Why Ethiopia Is Emerging as a Bitcoin Mining Hub
Ethiopia’s interest in Bitcoin mining is not new. Over the past few years, the country has quietly become Africa’s leading Bitcoin mining hub. One of the biggest reasons is cheap and stable electricity from the Grand Ethiopian Renaissance Dam.
This low-cost energy has attracted miners from around the world who are looking to reduce operating costs.
As of now, Ethiopia hosts 25 licensed Bitcoin mining firms, and together they control about 2.5% of the global Bitcoin hash rate, a strong position for a single African nation.
These private miners have already generated more than $200 million in revenue, showing that the sector is bringing real money into the country.
How This Fits Into Digital Ethiopia 2030 Strategy
The state mining plan aligns closely with Ethiopia’s Digital Ethiopia 2030 strategy, which focuses on using technology to support long-term economic growth.
Alongside Bitcoin mining, the strategy includes wider use of blockchain, digital payments, and modern data systems.
By entering mining directly, the government hopes to keep more value inside the country, use excess power efficiently, and build local technical skills. Officials see Bitcoin mining as both an income source and a way to strengthen Ethiopia’s digital future.
If successful, Ethiopia’s state-backed mining effort could set an example for other nations looking to turn energy resources into digital economic growth.
You May Also Like
Which Altcoins Stand to Gain from the SEC’s New ETF Listing Standards?
SEC approves generic listing standards, paving way for rapid crypto ETF launches
