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Ethiopian Government’s Investment Arm Partners with Hong Kong’s West Data Group for $250 Million Bitcoin Mining Project

Ethiopian Investment Holdings (EIH), the investment arm of the Ethiopian Government, has entered into a memorandum of understanding with Hong Kong-based West Data Group's Center Service PLC to initiate a groundbreaking $250 million data mining project. The project aims to establish cutting-edge infrastructure for data mining and artificial intelligence training operations in Ethiopia, positioning the country as a leader in the African data center space, projected to reach $5.4 billion by 2027. While Ethiopia's ban on…

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