Nigeria Allots 2 GW for Bitcoin Mining, Aspiring to Become Industry Hub

Nigeria’s government is inviting major crypto companies by granting access to 2 GW of surplus power. Observers note that this approach can reduce idle generation and benefit from miners who spend up to 70% of their revenue on electricity. Sector analysts predict hundreds of millions of dollars in potential investment.

In practice, the government aims to develop infrastructure, including hosting centers and favorable energy tariffs. Recent data shows several pilot mining companies already in operation. If successful, Nigeria could join the ranks of top BTC-mining centers worldwide, competing with North America and Asia.

Overall, the move targets not only crypto expansion but also repurposing the country’s excess energy, previously wasted in the grid.