Ethiopia earned $55M in 10 months via Bitcoin mining using excess hydro power.
Mining revenue made up 18% of EEP’s annual income.
Profits accelerated transmission infrastructure roll‑out.
Rather than letting surplus electricity go to waste, Ethiopian Electric Power (EEP) struck a creative deal: tunnel the excess hydroelectric power from dams into Bitcoin mining rigs. Over a 10‑month period, this initiative brought in more than $55 million—money that would have otherwise remained untapped.
Turning Waste into Revenue
The goal was simple yet brilliant. Many regions of Ethiopia generate far more hydro power than can be distributed, because of limited transmission lines. While dam turbines churned away, the electricity had nowhere to go. By rerouting it to power Bitcoin miners, EEP transformed wasted energy into meaningful income. That windfall accounted for roughly 18% of EEP’s total revenue last year—a substantial boost from a previously overlooked energy source.
Funding the Grid—and the Future
Importantly, this wasn’t a one‑off windfall. EEP directed the newfound profits straight into infrastructure: building and fast‑tracking transmission lines so excess power could eventually reach households, businesses, and industries. That means tomorrow’s energy won’t just fuel crypto—Ethiopians will benefit directly.
Ethiopia made over $55 million in just 10 months by mining Bitcoin.
This electricity would otherwise have gone to waste because Ethiopian Electric Power (EEP) hasn't yet built the transmission lines to supply all that electricity generated. So, in the meantime the dam… pic.twitter.com/mOa28hdsyC
— Daniel Batten (@DSBatten) June 29, 2025
Why It Matters
Economic Innovation: Mining Bitcoin generated nearly a fifth of EEP’s annual revenue over less than a year.
Sustainable Planning: Profits are tied to infrastructure improvements, not just corporate gain.
Replicable Model: Other countries with surplus energy could adapt this framework to finance their own grid expansions.
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