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Bitcoin Mining Powers Ethiopia’s $55M Surplus Energy Revenue: Report 


Ethiopia’s state utility generated $55 million from bitcoin mining using surplus hydropower, reinvesting profits to accelerate rural electrification projects. Ethiopian Electric Power earned $55 million over 10 months—18% of its annual revenue—by diverting otherwise wasted hydroelectricity...

Mining Crunch? Bitcoin Hashrate Slides Below 900 EH/s


Eight days ago, the network hit a peak of 943 exahash per second (EH/s). Since that high point on July 26, roughly 44.8 EH/s has vanished. Bitcoin Hashprice Falls 11.65% in 30 Days Hashrate has dipped 4.75% over the past eight days, slipping below the 900 EH/s threshold. As of Aug. 3, it’s hovering...

Bitcoin Miners Raked in $1.66B in July—Best Haul Since April 2024 Halving


Bitcoin miners struck gold in July, hitting their highest earnings since the April 2024 halving. In fact, July’s mining income jumped approximately 19.42% higher compared to June. Bitcoin Miners Rejoice With July Windfall Bitcoin’s price action gave miners a much-needed boost last month, with...

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