BitX and Ethiopia Mining Farm Sign Strategic MoU to Pioneer High-Efficiency Web3.0 Bitcoin Mining in Africa

June 08, 2025 at 03:09 AM EDT

Dubai — May 2025 — BitX has officially signed a strategic Memorandum of Understanding (MoU) with Ethiopia Mining Farm, marking a major milestone in its expansion across the African continent. This partnership will see BitX deploy its flagship Bit-X V2 Accelerator at mining operations in Ethiopia, driving efficiency and enabling a new era of decentralized Web3.0 mining infrastructure.

With Bitcoin mining entering a new age defined by smart efficiency over hardware scale, BitX’s AI-driven acceleration technology is setting a new global standard. The Bit-X V2 Accelerator boosts hashrate efficiency by up to 100% without requiring new hardware, reducing energy waste while maximizing mining productivity. This collaboration aims to empower emerging markets like Ethiopia to become competitive players in the global mining economy—without relying on massive capital or access to cheap electricity.

"Ethiopia presents a powerful combination of untapped energy resources and digital transformation potential," said Brian Ashe, CEO of BitX. "This partnership is more than just a tech deployment—it’s about enabling equitable access to Bitcoin production through our Web3.0 mining ecosystem."

The Ethiopia Mining Farm team also expressed confidence in BitX’s breakthrough performance:

"By integrating Bit-X V2 into our mining infrastructure, we expect to double our output efficiency. It’s a leap forward that positions us for long-term competitiveness in a rapidly evolving market."

Under the agreement, BitX will accelerate up to 20,000 mining machines in Ethiopia within 2025, with further scaling planned across the region. As part of its Web3.0 Mining Ecosystem, BitX will also launch a Shared Accelerator Program—allowing global users to participate in decentralized mining by co-owning AI-powered acceleration contracts, starting from as little as $100.

This collaboration reflects BitX’s vision to decentralize and democratize mining, turning isolated regions into vital nodes of the global Bitcoin infrastructure. By combining AI technology, real-time data optimization, and performance-based profit sharing, BitX is building a smarter, more inclusive mining landscape—one that aligns with the core ethos of Web3.0: transparency, accessibility, and empowerment.

With successful deployments already underway in Central Asia and North America, the Ethiopia MoU represents a pivotal chapter in BitX’s mission to reshape the future of mining. Africa now joins a growing global network of partners working with BitX to redefine the economics of Bitcoin production through innovation—not just capital.

Media Contact:

Company Name: BitX

Contact Person: Jamie Whitehead

Email: contact@bit-x.tech

Website: https://bit-x.tech/

City: Abu Dhabi

Country: United Arab Emirates