Ethiopia has cut electricity deliveries to bitcoin miners by 75%, leaving them with just 23% of contracted power after El Niño reduced reservoir inflows by roughly 20%. The twist is that miners had become one of Ethiopian Electric Powers biggest customers, consuming roughly a third of its electricity and supplying about 35% of revenue. Now []
Ethiopia has cut electricity deliveries to bitcoin miners by 75%, leaving them with just 23% of contracted power after El Niño reduced reservoir inflows by roughly 20%. The twist is that miners had become one of Ethiopian Electric Powers biggest customers, consuming roughly a third of its electricity and supplying about 35% of revenue. Now []
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