Daniel Batten
Daniel Batten|Aug 02, 2025 20:50
Bitcoin mining in Ethiopia has now their Electricity utility's revenue by 55 Million (18% of its p.a revenue) As Ethiopian Tribune reports, Bitcoin mining achieves this by: "monetising surplus energy" (energy that would otherwise have been wasted) and that "this revenue has been strategically reinvested into infrastructure development ... where Bitcoin mining profits fund the expansion of transmission lines and distribution networks." These transmission lines bring electricity to rural Ethiopians. The Tribune reports that rural electricity access "remained at just 43% in 2021". By accelerating the buildout of new transmission lines, Bitcoin mining is bringing more rural Africans out of energy poverty.(Daniel Batten)
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads