Ethiopian Electric Power has reduced electricity supply to Bitcoin mining companies by about 75% as lower water inflows strain hydropower generation. Miners are currently receiving only 23% of their contracted power volume.
The utility said the cuts are intended to prioritize residential electricity use during the supply crunch. Bitcoin mining companies generated about 35% of EEP’s revenue in the previous fiscal year while consuming nearly one-third of Ethiopia’s national power generation.
Ethiopia’s power generation capacity is about 9,730 megawatts, with the grid heavily dependent on hydropower. Reduced reservoir inflows linked to El Niño have intensified pressure on electricity supply.
Ethiopia Cuts Bitcoin Miners’ Power Supply by 75% Amid Hydropower Shortage
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