Ethiopia cuts power to Bitcoin miners
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Ethiopian Electric Power has cut electricity supplies to Bitcoin (CRYPTO:BTC) miners by 75% after lower water inflows reduced hydropower output.
Ethiopian Electric Power has cut electricity supplies to Bitcoin (CRYPTO:BTC) miners by 75% after lower water inflows reduced hydropower output.
Bitcoin (CRYPTO:BTC) miners are increasingly expanding into AI and high-performance computing data centres to find new revenue sources.
Bitcoin (CRYPTO:BTC) miners generated US$1.008 billion in August, marking their strongest monthly revenue since May, according to Newhedge.io data.
Public Bitcoin (CRYPTO:BTC) mining companies are estimated to require roughly US$50 billion in funding to support planned artificial intelligence infrastructure projects.
