Ethiopia cuts electricity supply to Bitcoin miners due to drought

Ethiopian Electric Power (EEP) has reduced electricity supply to Bitcoin mining operations by 75% due to low water levels in dams caused by El Niño. CEO Ashebir Balcha stated that priority is being given to households and local industries over mining and electricity exports. Miners previously accounted for a significant portion of the country's power capacity and revenue, but the current water shortage has forced EEP to lower its production targets and restrict energy delivery to mining firms.