Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report
Published . Updated .
Bitcoin miners generated 35% of the state-owned power producer’s revenue last year, but declining reservoir inflows led the utility to prioritize households and manufacturers.
Directly affected
- No company is named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- AQN Algonquin Power & Utilities Corp
GA selected AQN as a RELATED security because its canonical security name directly matches this event's themes: utilities, power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- FPS Forgent Power Solutions Inc
GA selected FPS as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- LECO LINCOLN ELECTRIC HOLDINGS
GA selected LECO as a RELATED security because its canonical security name directly matches this event's themes: electric. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- POWI POWER INTEGRATIONS INC COM
GA selected POWI as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Bitcoin miners generated 35% of the state-owned power producer’s revenue last year, but declining reservoir inflows led the utility to prioritize households and manufacturers.
Source: Cointelegraph
How far Algonquin Power & Utilities (AQN) has moved since 16 Sep 2026
Since the first closing price after “Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report,” Algonquin Power & Utilities (AQN) is -4.36%. The S&P 500 fund (SPY) is +0.52% over the same days, a -4.88% difference versus the market.
Who gains and who loses around Algonquin Power & Utilities (AQN)
Companies tied to this story
- AQN Algonquin Power & Utilities
For “Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report,” Algonquin Power & Utilities (AQN) is linked, with no stored direction, medium confidence. Reason on file: GA selected AQN as a RELATED security because its canonical security name directly matches this event's themes: utilities, power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FPS Forgent Power Solutions
For “Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report,” Forgent Power Solutions (FPS) is linked, with no stored direction, medium confidence. Reason on file: GA selected FPS as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- LECO Lincoln Electric Holdings
In “Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report,” Lincoln Electric Holdings (LECO) is linked, with no stored direction, medium confidence. Reason on file: GA selected LECO as a RELATED security because its canonical security name directly matches this event's themes: electric. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- POWI Power Integrations
In “Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report,” Power Integrations (POWI) is linked, with no stored direction, medium confidence. Reason on file: GA selected POWI as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- PSIX Power Solutions International
In “Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report,” Power Solutions International (PSIX) is linked, with no stored direction, medium confidence. Reason on file: GA selected PSIX as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- SPRU Spruce Power Holding
For “Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report,” Spruce Power Holding (SPRU) is linked, with no stored direction, medium confidence. Reason on file: GA selected SPRU as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Algonquin Power & Utilities (AQN)
“Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report” (16 Sep 2026) reaches Algonquin Power & Utilities (AQN) through this story.
For Algonquin Power & Utilities (AQN), the reason on file says GA selected AQN as a RELATED security because its canonical security name directly matches this event's themes: utilities, power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Forgent Power Solutions (FPS) is here too. Its reason reads: GA selected FPS as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates in the story, and the Algonquin Power & Utilities (AQN) price range
AQN traded between 4.92 and 5.29 across 20 sessions. The latest close on file is 5.16. FPS traded between 29.88 and 41.61 across 20 sessions. The latest close on file is 31.50. LECO traded between 255.70 and 279.26 across 20 sessions. The latest close on file is 259.24.
How strong the case is around Algonquin Power & Utilities (AQN)
46 out of 100
“Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.