Ethiopia restricts power to Bitcoin miners by 77% as drought conditions force the state utility to reallocate energy resources toward domestic households and manufacturers.
Ethiopia's 77% power cut to Bitcoin miners reduces local hash rate and miner revenue, potentially signaling operational risks for mining-dependent regions.
Ethiopia's state-owned utility has slashed electricity supply to Bitcoin miners by 77% to prioritize household and industrial demand. The move follows a sharp decline in reservoir inflows, threatening the profitability of mining operations that accounted for over a third of the utility's revenue last year.
Declining reservoir inflows forced the state-owned utility to prioritize electricity for households and manufacturers over energy-intensive mining operations.