Pakistan has allocated 2,000 megawatts of electricity for the establishment of bitcoin and AI data centers. The announcement, made by the nation's finance division, signals a major push towards digital transformation, as Pakistan seeks to leverage emerging technologies to bolster its struggling economy. This initiative—the Digital Pakistan Initiative—seeks to bring...
The Bitcoin mining industry is recovering with impressive vigor from… wait a minute. Bitdeer’s recent IPO marks a potent primary example of this recovery. Increased bitcoin production and hashrate are important signs, but they’re just part of a much larger trend that’s being powered by a number of factors. This...
Ethiopia has become one of the fastest-rising countries in the world Bitcoin mining scene. There are a number of reasons fueling this increase. Low electricity costs, an emphasis on developing new renewable energy resources, pro-renewable government policies, and a generally business-friendly climate are all factors. Read on to learn more...
Ethiopia is rapidly positioning itself as a leader in the global Bitcoin mining industry. By continuing to leverage the country’s wealth of renewable energy resources, the country is luring investment and propelling economic growth. Today, Ethiopia has a relatively modest share of the global Bitcoin hash rate—around 2.5%—but it is...
Ethiopia’s bet on Bitcoin mining is strange it’s very bold, even audacious. The narrative is seductive: cheap, renewable hydroelectric power, fueled by the Grand Ethiopian Renaissance Dam (GERD), attracting foreign investment, and transforming the nation into a crypto powerhouse. Beneath the surface, a nagging question persists: is this a sustainable...
Let's be honest, the headline-grabbing claims about Bitcoin's energy consumption can be alarming. 91 terawatt-hours a year? That's Finland-level energy demand! You look at those figures, and it’s hard not to jump to conclusions. You could picture Bitcoin causing the polar ice caps to melt by itself. But knee-jerk reactions...
Let's be honest, the headlines are scary. “Bitcoin is boiling the oceans!” “Crypto's dirty secret!” We've all seen them. So sure, at face value, the energy consumption stats are alarming. 91 terawatt-hours a year? That’s Finland's annual electricity bill! Before you destroy your computer and swear off cryptocurrency forever—just hang...
Paraguay, a landlocked country in the middle of South America, is quickly becoming an unlikely hub for Bitcoin mining. The transformation has the potential to leverage its unique energy landscape. In the meantime, a stormy political atmosphere is luring in firms such as Hive Digital Technologies. With its abundant hydroelectric...
Soluna is certainly creating a stir in both the renewable energy and cryptocurrency industries with its unique approach to data center energy consumption. The company recently signed its first power supply agreement with a developer. This partnership will bring “Project Hedy” — an extraordinary 120MW data center specifically designed for...
Albany, New York-based Soluna Holdings is at the forefront of developing green data centers. They’re in the planning stages on Project Ellen, an environmental cutting-edge green data center in South Texas. Ellen’s Project Ellen celebrates Ellen Ochoa, the first Hispanic woman in space. It will be sited next to a...
