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African Crypto Dawn: BitCluster Launches Pioneering Mining Data Center in the Heart of Ethiopia
The Russian company BitCluster, which operates in the field of cryptocurrency mining, announced the launch of a new project in Addis Ababa, the capital of Ethiopia. With a new data center with a capacity of 120 MW, the company is striving to strengthen its position on the global stage of the mining industry.
Within the framework of the project, located on the territory of the Kilinto substation, it is planned to deploy a data processing center (DPC), which will host 34,000 Antminer S21 mining devices. Its total hashrate will be able to reach an impressive 6.8 Eh/s, which will ensure the powerful production of cryptocurrencies. The official launch of the center is scheduled for January 2024, and intensive preparations are currently underway, including the installation of transformers for reliable power supply.
One of the key advantages of the new data center will be the environmental friendliness of its operation, thanks to the use of electricity generated by the Hydase hydroelectric power plant, the most powerful hydroelectric power plant in Africa with a capacity of 5.15 GW. This will reduce the carbon footprint of the mining process and promote Ethiopia as a region with environmentally friendly cryptocurrency production.
BitCluster also emphasizes that Ethiopia's favorable climate with temperatures from 12 to 23°C and low dustiness will have a beneficial effect on the service life of the equipment and reduce its cooling costs, thereby optimizing operating costs.
Analyzing the current situation in the mining market, TheMinerMag experts note that 4,055 BTC were mined in December alone, estimated at around $170 million. At the same time, the total profit from mining for the month can reach $ 1.4 billion, which corresponds to the level of December 2021 — the period of the last peak of the bullish trend in the cryptocurrency market.
In addition, leading mining companies, such as Marathon Digital, are exploring innovative approaches, including using methane from landfills to mine Bitcoin. This demonstrates the industry's commitment to moving away from traditional fossil energy sources in favor of more sustainable alternatives, which adds additional value to the industry in terms of environmental responsibility.
