Uminers Initiates Construction of New Data Center in Ethiopia

Tuesday, 16 April 2024, 11:00

Uminers has begun building a new data center in Ethiopia, aiming to enhance its global market presence and mining capacity. The first phase, set to complete in autumn 2024, will have a 100-megawatt capacity and accommodate 24,000 high-performance ASIC miners. The strategic move aligns with Uminers' focus on supporting the growing demands of the crypto industry and its mission to provide efficient mining solutions.
https://store.livarava.com/e330927d-fbe1-11ee-a6be-63e1980711b2.png
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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe