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18% of Ethiopia’s Electricity Revenue Now Comes from Bitcoin Mining: A New Era for BTC and the Global Grid

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On May 25, 2025, posts on X from users like @MartiniGuyYT and @RoundtableSpace brought attention to a remarkable development: 18% of Ethiopia’s electricity revenue now stems from Bitcoin mining. This figure, initially reported in late 2024, highlights Ethiopia’s strategic pivot to leverage its abundant hydroelectric resources, particularly through the Grand Ethiopian Renaissance Dam (GERD), to power Bitcoin mining operations. The claim that “BTC is powering the global grid” and that this trend is “not priced in” suggests a broader, underappreciated shift in how Bitcoin mining could reshape energy markets and economic strategies worldwide. But how accurate is this narrative, and what does it mean for Ethiopia and the global Bitcoin ecosystem?

Ethiopia’s Bitcoin Mining Boom: The Numbers Behind the Hype

Ethiopia’s state-owned utility, Ethiopian Electric Power (EEP), has reportedly generated significant revenue by selling excess hydroelectric power to Bitcoin miners. According to web sources from late 2024, such as Crypto Daily and CoinDesk, 18% of EEP’s sales—equating to roughly $1 billion in 2024—came from Bitcoin mining. This revenue outpaced electricity exports to neighboring countries like Djibouti and Kenya, which earned Ethiopia $30.85 million combined in the same period. The GERD, Africa’s largest hydroelectric dam with a planned capacity of over 6,000 megawatts (MW), is central to this operation, currently producing around 1,550 MW. With electricity rates at a competitive 3.2 cents per kilowatt-hour, Ethiopia has become a magnet for international miners, particularly Chinese firms displaced by China’s 2021 crypto mining ban.

EEP has secured agreements with over 25 mining companies, 19 of which are Chinese, as noted in Bloomberg and Mariblock reports. These firms consume approximately 600 MW of power, contributing 2.5% to the global Bitcoin hash rate as of early 2025, per NTU Singapore’s Centre for African Studies. Ethiopia’s temperate climate, with cooler temperatures in Addis Ababa at 2,355 meters altitude, further reduces cooling costs for energy-intensive mining rigs, making it an ideal location. BIT Mining, a Chinese firm, recently acquired 51 MW of facilities and 18,000 mining rigs in Ethiopia for $14 million, highlighting the scale of investment.

A Win-Win for Ethiopia—or a Risky Gamble?

For Ethiopia, Bitcoin mining offers a way to monetize surplus energy while addressing economic challenges. The country, with a GDP of $163 billion and a population of 120 million, struggles with foreign exchange shortages, as evidenced by its default on a $33 million Eurobond payment in December 2023. Miners pay in U.S. dollars, providing much-needed foreign currency to bolster Ethiopia’s reserves. EEP earned $55 million from miners in the 10 months leading up to November 2024, with projections to reach $123 million in 2025, according to NTU Singapore. These funds are being reinvested into transmission infrastructure to expand electricity access, a pressing need given that only 55% of Ethiopians have grid access.

However, this strategy isn’t without risks. Critics, as noted in Addis Insight, warn that unchecked mining expansion could strain the grid, potentially leading to power shortages for civilians. Ethiopia’s energy infrastructure is still developing, and the GERD’s full potential remains untapped due to incomplete transmission lines. If mining operations scale too rapidly, they could exacerbate existing disparities in electricity access. Additionally, the lack of clear regulations poses a challenge. While Ethiopia permits “high-performance computing” under 2022 laws, the regulatory framework for crypto mining remains ambiguous, raising concerns about long-term stability for investors.

BTC Powering the Global Grid: A Paradigm Shift?

The phrase “BTC powering the global grid” reflects a broader narrative: Bitcoin mining can incentivize the development of renewable energy infrastructure. Ethiopia’s model—using otherwise wasted hydroelectric power for mining—demonstrates how crypto can turn surplus energy into “digital gold.” This approach aligns with a growing trend across Africa. In Kenya and Zambia, microgrids powered by renewable energy are electrifying rural areas while supporting Bitcoin mining, as reported by Crypto Daily. Virunga National Park in the Democratic Republic of the Congo uses mining revenue from hydroelectric power to fund conservation efforts, paying staff and supporting local businesses.

Globally, Bitcoin mining’s energy consumption is significant, often criticized for its environmental impact. The network consumes around 32.3 terawatt-hours annually in the U.S. alone, more than the city of Los Angeles, according to a 2025 IEEE Spectrum study. However, Ethiopia’s use of 98% renewable hydropower challenges the narrative that Bitcoin mining is inherently unsustainable. If scaled, this model could encourage other nations with untapped renewable resources to adopt similar strategies, potentially stabilizing grids by providing a constant demand for excess energy. A 2023 paper co-authored by a former ERCOT head, cited by Silvercrest, notes that Bitcoin miners are uniquely flexible loads, capable of curtailing energy use during peak demand, thus supporting grid stability.

Yet, the claim that this trend is “not priced in” requires scrutiny. Bitcoin’s price, which surpassed $104,500 in May 2025 per Investing.com, reflects growing institutional adoption, with U.S. spot Bitcoin ETFs holding $65 billion in assets. However, the market may not fully account for the long-term implications of countries like Ethiopia integrating Bitcoin mining into their energy strategies. If more nations follow suit, the increased hash rate could enhance Bitcoin’s security and decentralization, potentially driving further price appreciation. Conversely, regulatory crackdowns or grid instability in mining hubs could introduce volatility.

The Bigger Picture: Opportunities and Challenges

Ethiopia’s success offers a blueprint for other African nations. Nigeria, with its hydroelectric potential and flared gas resources, could join the mining race in 2025, as suggested by Forbes. However, the continent faces hurdles. Only 35% of Ethiopians had bank accounts in 2023, per IntelliNews, and 80% of Africans lack bank cards, making crypto a vital financial tool but also highlighting the need for broader financial inclusion. Initiatives like Gridless and Trojan Mining are advancing eco-friendly mining, but scaling these efforts requires careful policy planning to avoid environmental and social pitfalls seen in places like Kazakhstan and Iran, where mining has strained grids.

For Bitcoin, Ethiopia’s experiment underscores its potential to drive economic development when paired with green energy. Yet, the crypto industry must address its broader environmental footprint—hardware obsolescence and e-waste remain significant issues, as noted by The New York Times in 2021. Ethiopia’s government should also consider mining taxes and local reinvestment mandates, as suggested by Addis Insight, to ensure that Bitcoin profits benefit the wider economy, not just foreign miners.

Conclusion: A Transformative Trend with Uncertain Outcomes

Ethiopia’s achievement—deriving 18% of its electricity revenue from Bitcoin mining—marks a pivotal moment for both the country and the crypto industry. By harnessing the GERD’s hydroelectric power, Ethiopia is not only generating revenue but also setting a precedent for sustainable mining practices. The idea that “BTC is powering the global grid” may be an exaggeration, but it captures a real shift: Bitcoin mining can catalyze energy infrastructure development, particularly in regions with untapped renewable resources. However, the claim that this is “not priced in “‘suggests the market may be underestimating the long-term impact of such trends. As Ethiopia navigates the challenges of regulation, grid stability, and equitable growth, its experiment offers valuable lessons for the global Bitcoin community. Whether this model scales globally remains to be seen, but for now, Ethiopia is proving that Bitcoin can be more than a speculative asset—it can be a tool for economic transformation.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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BTC Prague 2025: Europe’s Premier Bitcoin-Only Conference Returns to Shape the Future of Finance

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From June 19–21, 2025, Prague, Czech Republic, will once again become the epicenter of the Bitcoin revolution as BTC Prague, Europe’s largest and most influential Bitcoin-only conference, returns for its third year. Hosted at the expansive PVA Expo Praha, this three-day event is set to bring together over 10,000 attendees, 220+ speakers, and 90+ companies, all united by a shared passion for Bitcoin’s transformative potential. With a focus on financial sovereignty, technological innovation, and community building, BTC Prague 2025 promises to be a landmark event for Bitcoin enthusiasts, developers, investors, and newcomers alike.

A Bitcoin-Only Beacon in Europe

BTC Prague stands out for its unwavering commitment to a “Bitcoin-only” ethos, ensuring a high signal-to-noise ratio that prioritizes meaningful discussions over hype. As the organizers emphasize, this is not just a conference but a movement to “build bridges and strengthen connections within the European Bitcoin space and beyond.” Held in a city with a rich history of fighting for freedom, Prague is a fitting backdrop for an event that champions Bitcoin’s apolitical, incorruptible, and open nature. The conference aims to deepen understanding, expand networks, and empower attendees to shape the future of Bitcoin.

Star-Studded Lineup of Speakers

BTC Prague 2025 boasts an impressive roster of over 220 speakers, including some of the most prominent voices in the Bitcoin ecosystem. Notable names include:

  • Michael Saylor, a leading Bitcoin advocate and the largest corporate hodler through MicroStrategy, who will share insights on Bitcoin as a corporate treasury asset. Saylor’s first-ever European Bitcoin conference appearance in 2023 was a highlight, and his return is highly anticipated.
  • Adam Back, CEO of Blockstream, a key figure in Bitcoin’s technical development, who will dive into the protocol’s resilience and innovation.
  • Saifedean Ammous, author of The Bitcoin Standard, offering economic perspectives on Bitcoin’s role in a world of inflation and institutional decay.
  • Eric Semler, founder of Semler Scientific, who transformed his company’s balance sheet with a Bitcoin-forward strategy, sharing actionable insights for corporate adoption.
  • Paolo Ardoino, a cryptography expert and leader in Bitcoin-related tech innovation, discussing advancements in financial freedom.

These speakers, alongside developers, miners, educators, and entrepreneurs, will cover topics ranging from Bitcoin’s open-source foundation to its integration into traditional finance, geopolitical game theory, and corporate strategies. Panels like “Financial Engineering with Bitcoin Standard” and “Bitcoin for Organizations” will provide practical blueprints for individuals and institutions looking to leverage Bitcoin’s potential.

A Comprehensive Program for All

BTC Prague 2025 offers a dynamic program designed to cater to everyone, from curious newcomers to seasoned Bitcoiners. The event features:

  • Main Stage and Expo Stage: Hosting keynotes, fireside chats, and panels in English, with top-tier speakers addressing Bitcoin’s technological, economic, and societal impact.
  • Czech Stage: An outdoor stage for local audiences, delivering content in Czech to engage the regional Bitcoin community.
  • Workshops and Panels: Deep dives into topics like self-custody, mining, and financial sovereignty, with hands-on sessions for practical learning.
  • Expo Area: Over 90 Bitcoin-focused companies, including partners like Trezor, Fedi, and ElenPAY, will showcase cutting-edge products and services, from hardware wallets to lightning payment solutions. Attendees can interact directly with innovators and test new technologies.
  • Side Events: From Bitcoin & Brews with Rootstock to the Satlantis Sunday Social, side events offer networking opportunities, discussions on privacy and freedom tech, and even a Bitcoin treasure hunt with real BTC prizes.
  • VIP and Business Day: On June 19, the exclusive Business Day caters to entrepreneurs and executives, offering high-quality content and quieter expo access. VIP pass holders enjoy front-row sofa seating, a private lounge, premium food and drinks, and exclusive Q&A sessions with speakers. Every VIP attendee will also receive a free Bitkey hardware wallet.

The event’s “Summer Orange Vibe” includes food and chill zones, great Czech beer, two afterparties, and a kids’ corner, ensuring a welcoming and inclusive atmosphere. Kids up to 8 years old get free Expo tickets, making it family-friendly.

Why Prague? A Hub of Bitcoin Innovation

Prague’s selection as the host city is no coincidence. The Czech Republic has a storied history of fostering Bitcoin innovation, giving rise to projects like Trezor and Slush Pool. The conference’s venue, PVA Expo Praha, spans 19,000 m² and includes a conference area, expo hall, VIP lounge, art gallery, gaming zone, and party stage. Located just a 5-minute walk from the Letňany metro station (Line C), the venue is easily accessible, with accommodations near the metro offering convenient access.

The city’s legacy of fighting for freedom, from the Defenestrations of Prague to its modern Bitcoin movement, aligns with BTC Prague’s mission to promote financial sovereignty and individual empowerment. As one attendee noted, “I used to think I was the only Bitcoiner in my town. Thanks to BTC Prague, I gained the biggest value out there—friendships.”

Ticketing and Accessibility

BTC Prague offers a range of ticket options to suit different needs:

  • Expo Pass: Ideal for beginners, granting access to the expo area and basic sessions.
  • Conference Pass: Suitable for all Bitcoiners, providing access to main stages and workshops.
  • Industry Pass: Geared toward professionals seeking to engage with the Bitcoin space.
  • VIP Pass: The top-tier option, offering full access, premium hospitality, and exclusive perks like the Business Day and Bitkey wallet.

Tickets start at €15, with a 5% discount for Bitcoin payments via the Lightning Network. The event prioritizes anonymity, requiring no personal data—just a QR code for entry. Tickets can be upgraded, gifted, or sold, with clear instructions provided via email. Early bird tickets are available, but prices increase monthly, so securing a spot early is recommended.

A Community-Driven Experience

What sets BTC Prague apart is its emphasis on community. Organizers Matyas and Martin, backed by their company Twenty One Million s.r.o., curate a welcoming environment that fosters connections and ideas. Attendees have praised the event’s professional execution and its ability to create lasting relationships. One participant shared, “For such a brilliant event like BTC Prague, you just make sacrifices. Deepest thanks to Matyas and his fabulous team for this unforgettable experience.”

The conference also supports side events organized by the community, such as the Dev/Hack/Day for developers and the Hispanic Meetup for Spanish-speaking Bitcoiners, ensuring inclusivity across cultures and expertise levels.

Shaping the Future of Bitcoin

BTC Prague 2025 arrives at a pivotal moment. With Bitcoin’s price climbing and global adoption accelerating, the conference will explore how Bitcoin is reshaping finance, from institutional custody solutions to nation-state strategies. Sessions will address why Bitcoin is moving from a “risk to own” to a “risk not to own” asset and how it empowers individuals in a world of inflation and overreach.

As the organizers state, “We don’t witness the future of Bitcoin here—we are shaping it.” Whether you’re looking to enhance your knowledge, find your next big opportunity, or connect with like-minded enthusiasts, BTC Prague offers the ideal setting to accelerate your Bitcoin journey.

How to Join

Ready to be part of Europe’s biggest Bitcoin event? Visit www.btcprague.com to secure your tickets, explore the full program, and plan your trip. For updates, follow BTC Prague on X (

@BTCPrague), LinkedIn, Telegram, YouTube, Nostr, Instagram, or Facebook. Have questions? Contact the team at [email protected] (mailto:[email protected]).

Don’t miss your chance to join the movement shaping the new global economic order. BTC Prague 2025 is where ideas meet, relationships form, and real Bitcoin stories are made. See you in Prague!


Disclaimer: Information is sourced from the official BTC Prague website and related posts on X. For the latest details, verify with www.btcprague.com.

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