Bitcoin Mining Expands as Analysts Forecast BTC Surge

In a notable push, Phoenix Group is expanding its Bitcoin mining capacity in Ethiopia to 132 MW. This expansion coincides with analysts’ renewed predictions that Bitcoin could double in value to reach $210,000 by the end of 2025.

The growing interest in Bitcoin mining across Africa highlights the continent’s potential as a key player in the crypto space. As more projects emerge, the infrastructure supporting this industry is set to develop significantly.

Market participants should remain vigilant as these developments unfold, potentially influencing Bitcoin’s long-term valuation and investment strategies.