Data Miners Now Pay Ethiopia More for Power Than Its Own Utility Does
Ethiopian Electric Power turned its first profit, and the customer paying it most is not the national utility but the data-mining companies drawing a third of its output. The post Data Miners Now Pay Ethiopia More for Power Than Its Own Utility Does appeared first on The Rio Times .
Ethiopian Electric Power's largest customer by revenue in 2022 was data-mining companies, who paid the utility 50.4 billion birr, surpassing the national utility's 46 billion birr. Data centres accounted for 32.5% of the power output by volume, behind the Ethiopian Electric Utility's 56.4% share. The remaining 4.24% was consumed by heavy industry, while the Ethio-Djibouti Railway took 0.4%.
This shift in revenue comes from contractual differences, as data-mining company agreements are settled in foreign currency, while domestic supply is billed in local birr at regulated tariffs.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
