In Russia, huge amounts of electricity are sold to China at very cheap prices, and a Russian company is building a data center in Ethiopia, where the civil war recently ended but the situation there is very difficult. In this data center, you can install 120,000 ASICs of 3.3 Kilowatt each, which will be a big investment.
If electricity is too cheap in Russia, what could be another reason that Russian companies building mining centers outside? Building a company outside of your own country is kind of expensive. As you mentioned, the civil war ended recently and the situation is difficult as well. Still, that company decided to invest there. I see two possible reasons why they are investing there. One, they are just trying to help Ethiopia unconditionally and the government will help those companies who will invest in their country. Two, Possibly that company is trying to escape VAT tax. I have heard that it's tough to move your money out of Russia.
Cash or non-cash money is difficult to transfer to other countries, so cryptocurrencies are often used
