Ethiopia Earns $55M from Bitcoin Mining Boost
Ethiopia generated $55M by mining Bitcoin, using excess hydro power to fast‑track transmission line expansion and boost national grid.
- Ethiopia earned $55M in 10 months via Bitcoin mining using excess hydro power.
- Mining revenue made up 18% of EEP’s annual income.
- Profits accelerated transmission infrastructure roll‑out.
Rather than letting surplus electricity go to waste, Ethiopian Electric Power (EEP) struck a creative deal: tunnel the excess hydroelectric power from dams into Bitcoin mining rigs. Over a 10‑month period, this initiative brought in more than $55 million—money that would have otherwise remained untapped.
Turning Waste into Revenue
The goal was simple yet brilliant. Many regions of Ethiopia generate far more hydro power than can be distributed, because of limited transmission lines. While dam turbines churned away, the electricity had nowhere to go. By rerouting it to power Bitcoin miners, EEP transformed wasted energy into meaningful income. That windfall accounted for roughly 18% of EEP’s total revenue last year—a substantial boost from a previously overlooked energy source.
Funding the Grid—and the Future
Importantly, this wasn’t a one‑off windfall. EEP directed the newfound profits straight into infrastructure: building and fast‑tracking transmission lines so excess power could eventually reach households, businesses, and industries. That means tomorrow’s energy won’t just fuel crypto—Ethiopians will benefit directly.
Why It Matters
- Economic Innovation: Mining Bitcoin generated nearly a fifth of EEP’s annual revenue over less than a year.
- Sustainable Planning: Profits are tied to infrastructure improvements, not just corporate gain.
- Replicable Model: Other countries with surplus energy could adapt this framework to finance their own grid expansions.
Read Also :
- BlockDAG’s 100M Coin Airdrop Sets the Stage for Mass Adoption Before Mainnet Launch
- Crypto Soars in South Korea: 27% Hold Digital Assets
- Whale Buys $1.12 B ETH—Insights from an $11 T Manager
- James Wynn Opens a Risky 40× Leveraged BTC Short 🚨
- Mark June 30: Qubetics Set to List with 20% Surge as Best Crypto ICOs to Invest NowWhile Aptos and Polkadot Lose Momentum
