Ethiopia reduces Bitcoin miner power supply by 77%

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Ethiopia has reduced power supply to Bitcoin miners by 77% due to a hydropower shortage. This action is necessary to prioritize power for residential and industrial users because of declining reservoir levels.

Key facts

• Bitcoin miners in Ethiopia have had their power supply reduced by 77%.
• The reduction is due to a hydropower shortage caused by declining reservoir inflows.
• Bitcoin miners previously accounted for 35% of the state power producer's revenue.
• The power utility is prioritizing power for households and manufacturers.