BIT Mining Completes Second Phase of Acquisition in Ethiopia
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最新报道：BIT Mining Limited has completed the second phase of its acquisition in Ethiopia, securing a 51% stake in East Africa's first licensed bitcoin mining operation. The company invested $13.6 million in cash and mining equipment to acquire shares from East Africa Mining PLC, which holds a 5-year renewable mining license. This strategic move expands BIT Mining's global footprint into Africa's emerging crypto market. The Ethiopia operation currently operates at 1.4MW capacity with plans to scale up to 20MW, leveraging the country's competitive electricity costs. BIT Mining's CEO Xianfeng Yang stated this acquisition aligns with their strategy to establish cost-efficient mining operations in energy-rich regions worldwide.
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