Ethiopia suspends the issuance of new electricity licenses to cryptocurrency mining companies due to limited capacity

ChainCatcher news, constrained by capacity, Ethiopia has suspended the issuance of new electricity licenses to cryptocurrency mining companies. This decision comes amid a surge in interest in Bitcoin mining. Currently, 25 Bitcoin mining companies are operational, with nearly 20 more awaiting approval, primarily due to Ethiopia's low electricity prices and abundant hydroelectric resources. (News.bitcoin)