Ethiopia Rakes in $55M from Bitcoin Mining—Turning Excess Hydropower into Digital Gold

Africa’s hidden crypto powerhouse just flipped the script. Ethiopia—yes, Ethiopia—just pocketed $55 million by mining Bitcoin with energy nobody wanted. Take that, Wall Street.

Hydropower goes rogue

While Western miners grapple with power costs, Ethiopia’s surplus hydroelectricity became a backdoor to hard currency. No fancy infrastructure, no middlemen—just pure computational arbitrage.

The cynical kicker? Traditional finance spent a decade ‘evaluating’ crypto while a developing nation outmaneuvered them with literal water and math. Maybe banks should’ve mined instead of memos.

Conclusion

Ethiopia’s $55 million windfall from Bitcoin mining highlights the power of innovation. By using stranded renewable energy that would have gone to waste, the country has not only generated significant revenue but also strengthened its efforts to bring electricity to millions of citizens. With plans to expand operations and increase access to power, Ethiopia could become a model for how emerging economies use crypto technology to solve real-world problems.