Ethiopia Seeks Global Partner for State-Backed Bitcoin Mining

The post Ethiopia Seeks Global Partner for State-Backed Bitcoin Mining appeared first on Coinpedia Fintech News

Ethiopia is preparing to enter Bitcoin mining at a state level as the government looks for global partners to support a national mining project. 

At the Finance Forward Ethiopia 2026 conference, officials confirmed that the country wants to partner with investors to launch a state-backed Bitcoin mining venture, marking a major shift in how Ethiopia approaches digital assets.

Ethiopia Bitcoin Mining Plan Seeks Investment Partner

The announcement was made by Prime Minister Abiy Ahmed, who said that Ethiopian Investment Holdings, a state-owned company, is actively seeking an investment partner.

Abiy Ahmed stated that the goal is to work with experienced partners who can provide capital, technology, and mining expertise. By doing this, Ethiopia aims to earn revenue directly for the country rather than relying only on private companies. 

This shows that Ethiopia now sees Bitcoin mining not just as a private business, but as a national opportunity.

Why Ethiopia Is Emerging as a Bitcoin Mining Hub

Ethiopia’s interest in Bitcoin mining is not new. Over the past few years, the country has quietly become Africa’s leading Bitcoin mining hub. One of the biggest reasons is cheap and stable electricity from the Grand Ethiopian Renaissance Dam. 

This low-cost energy has attracted miners from around the world who are looking to reduce operating costs.

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