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

  2. Bitcoin Hovers at $76K as Analysts Argue the Fed Matters More Than Clarity Act

  3. Bitcoin absorbs initial pre-Fed sell-off, leaving $70K as a critical test for Warsh’s Fed decision

  4. Bitcoin Price Clings to $75K After a Nasty $74,913 Shakeout

  5. Deutsche Bank Brings Bitcoin Custody to Europe’s Institutional Set

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

Follow the story

Living hubs that keep updating as this story develops.

Related WorldPing coverage

Deutsche Bank Brings Bitcoin Custody to Europe’s Institutional SetWorldPing
Bitcoin.com

Deutsche Bank Brings Bitcoin Custody to Europe’s Institutional Set

Deutsche Bank, founded in 1870, plans to start safeguarding bitcoin, ethereum, and selected stablecoins for institutional clients later in 2026. The 156-year-old German banking giant, which reported $2.

Brief by WorldPing · Original reporting by Bitcoin.com

Bitcoin Price Clings to $75K After a Nasty $74,913 ShakeoutWorldPing
Bitcoin.com

Bitcoin Price Clings to $75K After a Nasty $74,913 Shakeout

At 8:40 a.m., bitcoin’s price is hovering around $75,879 on Sept. 16, 2026, after a sharp intraday washout tested $74,913 and buyers managed to pull the price back into the mid-$75,000s. The bigger picture is far less tidy.

Brief by WorldPing · Original reporting by Bitcoin.com