Ethiopia Generates $1 Billion from Bitcoin Mining Using Hydroelectric Power
Ethiopia is leveraging its Grand Ethiopian Renaissance Dam for Bitcoin mining, contributing 18% of national electric company EEP’s revenue. The country has invested over $1 billion in mining in the past year, outpacing income from electricity exports.
Ethiopia has partnered with more than 25 Bitcoin mining companies, attracting foreign investments and creating new revenue streams. This initiative has enhanced earnings and positioned Ethiopia as a notable player in the global crypto mining sector.
The benefits extend beyond Ethiopia. In Africa, renewable-powered Bitcoin mining supports essential community projects:
- In rural Kenya and Zambia, green energy grids provide electricity to homes and businesses.
- In Virunga National Park, Congo, crypto mining funds wildlife conservation and local economic development.
More African nations are integrating green energy with crypto mining, demonstrating that Bitcoin can drive economic growth, sustainability, and energy innovation.