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How Bitcoin Mining Can Hit Climate Goals Using Stranded EnergyMining difficulty, a measure of the total amount of computing power used to mint Bitcoin, has soared by over 10% during the most recent two. With cheap, abundant electricity and a welcoming government, Ethiopia has become a hotspot for Chinese Bitcoin mining. Hut 8 Corp., one of the largest publicly traded Bitcoin mining companies, named Asher Genoot to succeed Jaime Leverton as chief executive.