Last week, on Thursday, February 15, Ethiopian Investment Holdings (EIH) signed a memorandum of understanding with Hong Kong-based West Data Group's Center Service PLC to commence mining bitcoin. The partnership is part of a $250 million data mining project aimed at establishing cutting-edge infrastructure for data mining and artificial intelligence training operations in Ethiopia.
According to industry estimates, Africa's data center space is projected to grow to $5.4 billion by 2027, making Ethiopia's move to position itself as a leader in this sector strategically significant.
