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.
Telegram is a cloud-based instant messaging service that has been making rounds as a popular option for those who wish to keep their messages secure. Telegram boasts a collection of different features, but it’s best known for its ability to secure messages and media by encrypting them during transit; this prevents third-parties from snooping on messages easily. Let’s take a look at what Telegram can do and why you might want to use it.
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.
