Ethiopian Electric Power (EEP) is setting ambitious revenue goals as the Bitcoin mining sector continues to expand in the country. According to the results published in the материале, with a target of $312.5 million by June 2026, the state utility is capitalizing on the growing demand for electricity from miners, despite concerns over the impact on the national grid.
EEP's Revenue from Bitcoin Miners
In the previous year, EEP generated $220 million from electricity sales to Bitcoin miners, highlighting the lucrative nature of this emerging market. However, the rapid growth of mining operations is putting significant pressure on Ethiopia's energy supply, raising questions about the sustainability of providing power to both miners and the general population.
Concerns Over Energy Supply
As EEP aims to boost its revenue from the cryptocurrency sector, there are fears that the increasing demand for electricity could lead to shortages for other consumers. This situation may prompt the utility to reconsider its incentives for mining operations, balancing financial gains with the need to ensure a stable energy supply for all users.
NIP Group has recently expanded its Bitcoin mining capacity to 966 EH/s, showcasing significant growth in the sector. This development contrasts with Ethiopian Electric Power's ambitious revenue goals from Bitcoin miners, highlighting the evolving landscape of cryptocurrency mining. For more details, see NIP Group's expansion.
