The Ethiopian Electric Power (EEP) has seen a significant boost in revenue from electricity sales to data miners, generating $27 million in less than a year. While this is a positive development, it's essential to consider the potential implications for other sectors.
Experts argue that Ethiopia's growing reliance on data mining as a major source of electricity revenue could pose risks to the country's energy security. Suppose the demand from data mining companies continues to outpace the growth in overall electricity generation. In that case, there is a danger of creating a deficit that could impact other vital sectors such as agriculture, manufacturing, and households.
The Ethiopian Electric Power (EEP) has seen a significant boost in revenue from electricity sales to data miners, generating $27 million in less than a year. While this is a positive development, it's essential to consider the potential implications for other sectors.
Experts argue that Ethiopia's growing reliance on data mining as a major source of electricity revenue could pose risks to the country's energy security. Suppose the demand from data mining companies continues to outpace the growth in overall electricity generation. In that case, there is a danger of creating a deficit that could impact other vital sectors such as agriculture, manufacturing, and households.
There are multiple ways you can search for Telegram channels. One of the methods is really logical and you should all know it by now. We’re talking about using Telegram’s native search option. Make sure to download Telegram from the official website or update it to the latest version, using this link. Once you’ve installed Telegram, you can simply open the app and use the search bar. Tap on the magnifier icon and search for a channel that might interest you (e.g. Marvel comics). Even though this is the easiest method for searching Telegram channels, it isn’t the best one. This method is limited because it shows you only a couple of results per search.
Pinterest (PINS) Stock Sinks As Market Gains
Pinterest (PINS) closed at $71.75 in the latest trading session, marking a -0.18% move from the prior day. This change lagged the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.9%, and the Nasdaq, a tech-heavy index, lost 0.59%.
Heading into today, shares of the digital pinboard and shopping tool company had lost 17.41% over the past month, lagging the Computer and Technology sector's loss of 5.38% and the S&P 500's gain of 0.71% in that time.
Investors will be hoping for strength from PINS as it approaches its next earnings release. The company is expected to report EPS of $0.07, up 170% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $467.87 million, up 72.05% from the year-ago period.
