According to the Hong Kong media, the mainland's virtual currency funds are targeting Ethiopia as far away as Africa, mainly because of the rich local hydropower resources, which are only equivalent to two or three cents per kilowatt-hour of electricity. In recent years, a large number of Chinese companies have gone to Ethiopia to open mining farms, mining bitcoin, Ethereum and Litecoin. It is reported that Bitmain, which is engaged in the research and development of mining machines, has also participated in the business of Ethiopia's mining farms. According to its official website, Baohui Phase I is located in Ethiopia, with a total capacity of 150 trillion watts. At present, there are more than 20 mining farms in Ethiopia, the vast majority of which are invested and operated by Chinese companies, and most of the mining machines are also produced by Chinese companies, including Bitmain's Antminer and Avalon mining machines. Professionals estimate that Ethiopia has become an emerging mining hub in the world. At present, its mining capacity accounts for about 2.5% of the global bitcoin network's computing power, and it will continue to rise in the future.