Ethiopia has reduced electricity supply to bitcoin miners to just 23% of their contracted amounts after El Niño caused a 20% drop in reservoir inflows, affecting hydropower generation. Bitcoin miners, who consume about a third of Ethiopia's electricity and provide 35% of revenue to Ethiopian Electric Power (EEP), are now facing significant power cuts as households and factories are prioritized. The situation will be reassessed in October, with potential for further reductions if water levels do not improve. This shift impacts miners who relied on cheap hydropower, while Ethiopia's overall share of the global bitcoin network remains small at around 2.4%.
Ethiopia's bitcoin mining power cuts provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Sep 16, 2026 04:52 WIB: out of 50 priced major cryptocurrencies, 4 rose and 45 fell today. Notable movers include BAL (Balancer) at Rp16.297 with a +11.14% change and XRP (Ripple) at Rp22.697 with a -10.88% change.
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