With Africa's rise in share of global Bitcoin mining hashrate now just under 4%, the question is how this hash power is being used and by whom ๐
In my latest for Forbes Crypto, I look into Africa's "Hashrate Exfiltration Problem" and future outlook.
"Put simply, โhashrate exfiltrationโ is the use of a region's hashrate by a foreign entity or power in furtherance of its interests, often at the region's expense. [...] The legacy of resource extraction in Africa may see another unfortunate renaissance in Bitcoin mining if care is not taken."
"Africaโs resilience against all these odds will set the global template for building resilient money and energy infrastructure, ensuring a future of hope and abundance for all."
https://www.forbes.com/sites/digital-assets/2025/11/22/africas-bitcoin-mining-hashrate-exfiltration-problem/
Abubakar Nur Khalil
Abubakar Nur Khalil
npub1sn0q...tr2x
๐ณ๐ฌ Bitcoin Core contributor | Recursive Capital | Btrust
In March, the Investment and Securities Act (ISA) 2025 was passed in Nigeria which now officially recognizes Bitcoin as a security. Here's what it means for Nigerian Bitcoin founders, investors, and regulation in Africa ๐
My latest for Forbes Digital Assets ๐ฅ
https://www.forbes.com/sites/digital-assets/2025/04/30/nigerian-gov-passes-law-recognizing-bitcoin-as-a-security