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From the Arctic to Africa 🌍 Introducing the new data center BWP in Ethiopia ⚡️ BitCluster launches a 120 MW data center in Ethiopia. The facility is located in Addis Ababa, the capital of Ethiopia, on the territory of the Kilinto high-voltage substation. The commissioning of the new data center will take place in January 2024. Transformers are currently being connected. The engineering and technical conditions of the BWP data center meet the requirements of the most modern mining devices. 100% of the data center's electricity comes from renewable energy sources, specifically from the Grand Ethiopian Renaissance Dam, the largest hydropower project in Africa with a capacity of 5.15 GW. The new energy infrastructure of the Kilinto high-voltage substation (230/33 kV) will ensure uninterrupted power supply to the facility with the expected uptime 99%. The facility has an advantageous location - 45 minutes by car to Bole International Airport, which makes access to the data center easy and fast, optimizing the price of equipment delivery. Climate of the area, such as: air temperature 12-23 °C, absence of heat and dust create ideal operating conditions for mining equipment. BitCluster provides data center customers with full support in the supply, installation, connection and maintenance of devices. An integrated security system will be installed at the facility: 2 security perimeters, access control, video surveillance. The scale of the project allows to make a full-cycle service center, thereby saving time and money on the logistics of faulty devices to repair center, which makes mining more efficient. The key advantages of the project are: free capacity of 120 MW, duty-free import of equipment, low cost of electricity, advantageous location with easy access to key transport routes. We look forward to seeing you at our new BWP data centre in Ethiopia! Contacts: Nina Ibragimova Telephone: +34 666417489 Email: nibragimem@bitcluster.ru #BitCluster #Ethiopia #mining #Bitcoin
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself. Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has. I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today. Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth. Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore. With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead. As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions. What’s next for me? I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years. After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi. I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do. On that note, I am proud to point out that in our resolutions with the U.S. agencies they: - do not allege that Binance misappropriated any user funds, and - do not allege that Binance engaged in any market manipulation. Funds are SAFU! With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion. Onwards! CZ
