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.
In many cases, the content resembled that of the marketplaces found on the dark web, a group of hidden websites that are popular among hackers and accessed using specific anonymising software.“We have recently been witnessing a 100 per cent-plus rise in Telegram usage by cybercriminals,” said Tal Samra, cyber threat analyst at Cyberint.The rise in nefarious activity comes as users flocked to the encrypted chat app earlier this year after changes to the privacy policy of Facebook-owned rival WhatsApp prompted many to seek out alternatives.
The STAR Market, as is implied by the name, is heavily geared toward smaller innovative tech companies, in particular those engaged in strategically important fields, such as biopharmaceuticals, 5G technology, semiconductors, and new energy. The STAR Market currently has 340 listed securities. The STAR Market is seen as important for China’s high-tech and emerging industries, providing a space for smaller companies to raise capital in China. This is especially significant for technology companies that may be viewed with suspicion on overseas stock exchanges.
