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BIT Mining Expands Into Ethiopia With $14 Million Deal
Chinese crypto mining company BIT Mining has expanded its operations into Ethiopia, capitalizing on the country’s low energy costs. The move is seen as a strategic one to enhance BIT Mining’s global presence and operational efficiency.
As part of this new venture, BIT Mining will be repurposing older Bitcoin mining machines to optimize profitability in the new location. This decision aims to increase returns while extending the lifespan of its hardware.
Source: fullycrypto.com
