Ethiopia cuts bitcoin miners' power supply to 23% of contract
- —Supplies to miners were cut in stages: 75%, then 50%, now 23% of contract
- —Water inflow to dam reservoirs fell by about 20% due to El Niño-related drought
- —Miners paid EEP 50.37 billion birr for the year — the largest customer category
- —EEP's installed capacity rose 23% to 9,730 MW, but utilization fell to 60%
Why it matters: The first major failure of the hydropower mining model: cheap energy proved vulnerable to drought, threatening further restrictions after a review in October 2026.
Source: BitcoinKE