Ethiopia is leveraging its surplus hydroelectric energy for Bitcoin mining, contributing billions of dollars to its economy. By focusing on Bitcoin mining using energy from the Grand Ethiopian Renaissance Dam (GERD), the country is drawing attention with its significant earnings in this sector. Ethiopia now generates 18% of its electricity revenue from Bitcoin mining and has invested nearly $1 billion in this field over the past year. Agreements with 25 mining companies are helping the government attract international investors and monetize its excess energy.
Low electricity costs in the country ($0.032 per kilowatt-hour) have made Ethiopia an attractive hub for Bitcoin mining, surpassing the revenues generated from exporting electricity to neighboring countries.
In addition to Ethiopia, countries like Kenya and Zambia are integrating renewable energy with Bitcoin mining to expand electricity access in rural areas. Meanwhile, Virunga National Park in the Democratic Republic of Congo uses hydroelectric power revenue to finance local projects. Ethiopia's initiatives demonstrate how Bitcoin mining, when combined with green energy, can accelerate economic development. Globally, Bitcoin miners are investing billions of dollars in infrastructure and technology, contributing to sustainable growth.
