Ethiopia is reportedly seeking Bitcoin mining partners to boost its economic diversification efforts, as highlighted during the Ethiopia Bitcoin Summit on September 17, 2025.
This initiative may strengthen Ethiopia's stance in global Bitcoin mining, though it could further stress the national electricity grid, affecting mining profitability and energy availability.
Ethiopia aims to boost its economic diversification by enhancing Bitcoin mining amid concerns about energy and revenue management.
The mining sector's rapid growth highlights Ethiopia's energy sector strain, raising questions about power sustainability and economic goals.
Ethiopia's Mining Surge: 30 Companies and Counting
Ethiopia has seen rapid growth in its Bitcoin mining sector, aiming to capitalize on revenue from mining activities. Despite no new partnership solicitations, active players are increasing focus on renewable projects.
The country has registered a significant increase in mining activities, with around 30 active companies and more seeking operational licenses. The focus remains on extending cooperation in the energy sector.
EEP Seeks $312.5 Million Amid Energy Pressure
EEP's revenue from miners rose significantly, targeting an increase to $312.5 million. The mining boom exerts pressure on the national grid, given its energy consumption level. Moges Mekonnen, PR Head of Ethiopian Electric Power, said:
"EEP earned $220 million from miner electricity sales last year and targets $312.5 million by June 2026."
Financially, the state utility benefits, yet the wider market faces tight supply issues, potentially curbing mining incentives and affecting the sector's sustainability.
Global Hashrate Rank Up as Hydro Power Utilized
Ethiopia's historical shift from a crypto ban to mining registration has placed it among the top Bitcoin mining nations. Its 2.6% global hashrate reflects effective use of hydroelectric power.
Experts suggest that ongoing energy challenges and rising tariffs may lower the attractiveness of future investments unless infrastructure improvements can sustain growth. Kal Kassa, Founder of BitcoinBirr, noted:
"The two parties are likely to extend their cooperation into the energy sector, aiming not just to benefit investors but also to promote the sector’s growth within the country."