El Niño Hits Ethiopian Bitcoin Miners with 75% Power Cut

Ethiopia's hydropower system is facing pressure due to El Niño, leading to a significant reduction in power supply for Bitcoin miners. According to reports, the country has cut the power supply by 75%.

The reduction in power supply will likely impact the operations of Bitcoin miners in Ethiopia, potentially affecting their ability to maintain their mining activities.

The El Niño weather phenomenon is causing drought and reduced water inflows, putting a strain on the country's hydropower system. This has resulted in a shortage of electricity, which is being felt by various sectors, including Bitcoin miners.