Ethiopian Electric Power generated approximately $200 million in the first half of 2025 from bitcoin miners, leveraging surplus hydroelectric power from the Grand Ethiopian Renaissance Dam .
Annual revenue from bitcoin mining now makes up around 18 percent of total electricity sales for EEP, a jump from $55 million over ten months in late 2024.
Over 25 mining firms have signed power‑purchase agreements with EEP, most of them international operators attracted by Ethiopia’s low tariff (about 3.2¢/kWh) and abundant hydro capacity.
BIT Mining recently acquired a 51 MW facility and nearly 18,000 ASIC rigs in Ethiopia for $14.3 million; operations consume roughly 600 MW and account for 2.5 percent of global hashrate.
Surplus energy used for mining now helps fund grid expansion and infrastructure development, offering a model for monetizing renewable power in emerging markets.
Critics warn that rising energy demand from mines—expected to reach nearly 30 percent of national electricity consumption in 2025—could strain the grid and limit access to basic power services in underserved regions .
BitcoinVersus.Tech Editor’s Note:
We volunteer daily to ensure the credibility of the information on this platform is Verifiably True. If you would like to support to help further secure the integrity of our research initiatives, please donate here
BitcoinVersus.tech is not a financial advisor. This media platform reports on financial subjects purely for informational purposes.
Bitcoin Versus 
Leave a comment