BitFuFu says the impact from Ethiopia’s power curtailment is now largely reflected in its operating results.

In its October 13 operating update, the miner reported 167 BTC produced in September, down 4.0% from 174 BTC in August. Total hashrate under management fell from 20.6 EH/s to 19.4 EH/s, while managed power capacity declined from 344 MW to 324 MW.

Ethiopia is still expanding its hydroelectric system, including the Koysha project. That broader grid build-out matters because Bitcoin mining there remains highly dependent on hydropower availability.

The more interesting number is self-mining. BitFuFu produced 98 BTC from its own machines, up from 88 BTC in August, even as cloud-mining production dropped to 69 BTC from 86 BTC. Daily production stayed flat at 5.6 BTC, fleet efficiency remained 16.7 J/TH, and holdings rose to 1,388 BTC.

Al Jazeera’s report from Ethiopia explains why abundant hydroelectric power attracted Bitcoin miners to the country in the first place.

BitcoinVersus.Tech reported in September that Ethiopia had cut miners to 23% of contracted capacity amid drought pressure. BitFuFu now says the affected Ethiopian investment is a limited part of its asset base and expects only minimal additional impact. That update follows our earlier coverage of mining revenue for Ethiopian Electric Power and the new mining facility build-out in Ethiopia. A September grid report provides additional context on the curtailment.

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