Ethiopia has reduced electricity supply to Bitcoin miners by 77% due to a shortage in hydropower resources. This move comes as the country faces declining water inflows, impacting the availability of renewable energy.
According to CoinTelegraph, Bitcoin mining operations generated 35% of the revenue for Ethiopia’s state-owned power producer last year. However, with reservoir levels dropping, the utility prioritized electricity distribution to households and manufacturing sectors over crypto mining.
This development highlights the challenges renewable energy-dependent countries face in balancing industrial power demands, a situation closely watched by markets including Japan, where energy security and crypto regulation remain critical topics.