Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Cointelegraph
Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: ReportWorldPing
Image via Cointelegraph.

What happened

Bitcoin miners generated 35% of the state-owned power producer’s revenue last year, but declining reservoir inflows led the utility to prioritize households and manufacturers.

Key facts

  • Bitcoin miners generated 35% of the state-owned power producer’s revenue last year, but declining reservoir inflows led the utility to prioritize households and manufacturers.
  • Reported by Cointelegraph and published Wed, 16 Sep 2026 10:11:39 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Bitcoin Coinbase Premium hits monthly low as CLARITY Act vote squeezes US demand

  2. Bitcoin's Coinbase premium sinks to one-month low, here’s why

  3. Deutsche Bank plans bitcoin, ether custody for institutional clients in Europe

  4. Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report

  5. Bitcoin ETFs shed $450 million as Clarity Act fails

Sources

The original report was published by Cointelegraph. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Cointelegraph

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Bitcoin ETFs shed $450 million as Clarity Act fails

U.S. spot bitcoin ETFs shed $450 million, the most since June, as the Senate's failure to advance the Clarity Act sent regulatory-sensitive tokens sharply lower.

Brief by WorldPing · Original reporting by CoinDesk