Economy · World
Ethiopia Reduces Power to Bitcoin Miners Due to Drought
Ethiopia has reduced the electricity supply to Bitcoin miners by 75% due to a significant drop in hydropower generation caused by the El Niño weather phenomenon. The country relies heavily on its dams for electricity, and the drought has severely impacted water levels. This measure aims to conserve power for essential services and domestic use as the nation faces energy shortages.
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- Centre (2): Bloomberg, Business Insider