Ethiopia Cuts Bitcoin Mining Power to Below 25% of Contracted Levels

Ethiopian Electric Power (EEP) has reduced electricity supply to Bitcoin mining companies to approximately 23% of contracted levels due to declining water inflows affecting its hydroelectric reservoirs. The state utility, which previously committed to supplying 98% of contracted power, has progressively cut deliveries from 75% to 50% and now to 23% to prioritize domestic households and manufacturers. While mining companies have become a major revenue source for EEP, the utility is rationing power amid dry conditions, highlighting the challenges facing Ethiopia's strategy as a Bitcoin mining hub.