Uminers Initiates Construction of New Data Center in Ethiopia
Uminers Starts New Data Center Construction
Uminers has launched the construction of a new data center in Ethiopia, signaling a strategic move to expand its mining capabilities and market reach. The first phase is projected to complete in autumn 2024, with a capacity of 100 megawatts to house 24,000 high-performance ASIC miners.
Strategic Positioning and Industry Focus
Batyr Hydyrov, President of Uminers, emphasized the importance of robust equipment investments due to the increasing complexity of mining operations in the current landscape.
Global Power Challenges
Hydyrov highlighted the intense global competition for electrical power resources, which has impacted mining activities worldwide.
The location in Ethiopia was chosen for its advantageous hydroelectric power source, in line with Uminers' commitment to sustainable operations.
Expansion Plans and Market Presence
Uminers' strategic expansion includes new projects in Africa, the Middle East, and South America, reinforcing its commitment to meeting industry demands.
The new data center construction represents a significant milestone towards increasing Uminers' presence in the cryptocurrency sector and contributing to Ethiopia's economic and technological advancement.
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