Bitcoin Mining Powers Ethiopia’s $55M Surplus Energy Revenue: Report

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Ethiopia’s state utility generated $55 million from bitcoin mining using surplus hydropower, reinvesting profits to accelerate rural electrification projects. Ethiopian Electric Power earned $55 million over 10 months—18% of its annual revenue—by diverting otherwise wasted hydroelectricity to bitcoin mining operations, according to an Ethiopian Tribune report. The revenue funds strategic infrastructure development, expanding transmission lines, […]

from Bitcoin News https://news.bitcoin.com/bitcoin-mining-powers-ethiopias-55m-surplus-energy-revenue-report/