Henok 🇪🇹🇺🇸

How bitcoin mining can help achieve universal electrification in #Africa Africa faces a renewable energy paradox: underutilized capacity. While countries invest in large-scale renewable projects, transmission and distribution infrastructure often lag, leaving much of that energy stranded. Take Ethiopia’s Grand Ethiopian Renaissance Dam (GERD) as an example. With a capacity of 5,150 MW and an estimated annual generation of 16,153 GWh, GERD has the potential to transform the region’s energy landscape. However, QRB Labs estimates it could cost $8-10 billion to build the transmission and distribution lines needed to deliver this power to end users. Ethiopia is turning this challenge into an opportunity. By selling stranded renewable energy to Bitcoin miners, the country is generating critical cashflow to fund its energy infrastructure: • $55 million in revenue in just 10 months • Contribution of 2.25% of the global Bitcoin hash rate • Projected $123 million in revenue by 2025 It all began with QRB Labs, Ethiopia’s first and only locally owned Bitcoin mining operation. Their pioneering effort demonstrates how Bitcoin mining can monetize surplus power and finance the infrastructure needed for universal electrification. Ethiopia is showing Africa what’s possible: Bitcoin mining can be a bridge to achieving #SDG7 and beyond. Humming like a swarm of bees! Watch the video from QRB Labs’ facility. #BitcoinMining #RenewableEnergy #SDG7 #Ethiopia #Africa #EnergyAccess