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.

Article source: