Bitcoin Miners Became Ethiopia’s Best Power Customers. Then Their Supply Was Cut to 23%. Mining brought in 35% of the state power utility’s revenue. A drought exposed the brutal price of being easy to switch off.
Bitcoin miners brought in **35% of Ethiopia’s state power utility’s revenue.** Then drought hit—and their power allocation fell to just **23% of contracted supply.** Their biggest selling point suddenly became painful: they’re easy to switch off. The machines stop. Debt …