Ethiopia’s Bitcoin Mining Boom Just Ran Into a Water Problem

Crypto Insight Summary: 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 Power’s biggest customers, consuming roughly a third of its electricity and supplying about 35% of revenue. Now […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Ethiopian mining disruption reduces global hash rate, but impact is limited due to small scale.