BitFuFu Considers Abandoning $4.1M Ethiopia Bitcoin Mining Deal Amid Power Dispute
BitFuFu may cancel its 80 MW Ethiopia mining site purchase after a power supplier threatens equipment seizure.
BitFuFu may cancel its 80 MW Ethiopia mining site purchase after a power supplier threatens equipment seizure. Bitcoin (BTC) is trading at ₹78,20,940 ($82,239.00). This is an original Token Times brief based on reporting by Cryptopolitan, with live market data added, as of Fri, 16 Oct 2026 01:00:01 UTC.
This dispute highlights the risks of international Bitcoin mining investments, particularly regarding power supply reliability and local disputes over mining operations.
- BitFuFu paid $4.1M for an 80 MW Ethiopia mining site but now faces power supply issues.
- The power supplier reportedly threatened to seize mining equipment.
- The Bitcoin network hashrate remains at record levels despite potential setbacks.
- Bitcoin Mining Output Declines at CleanSpark and BitFuFu, Canaan Remains Stable
- BitFuFu Considers Abandoning $4.1M Ethiopia Bitcoin Mining Deal Amid Power Dispute — this brief
BitFuFu, a major 
Bitcoin mining company, is reportedly considering abandoning its 80 MW mining site in Ethiopia after encountering a significant power supply dispute. The power supplier has threatened to seize the company's mining equipment, according to Cryptopolitan.
The dispute has escalated to the point where BitFuFu is contemplating writing off the $4.1 million already invested in the project. This development highlights the challenges and potential risks associated with international Bitcoin mining investments, particularly regarding power supply reliability and local regulatory issues.
The news comes as the Bitcoin network continues to operate at record levels, with the hashrate currently at 1026 EH/s and difficulty at 132.7T, according to mempool.space. Despite potential setbacks like the BitFuFu dispute, the network's overall strength remains robust.
The broader cryptocurrency market remains relatively stable, with a total market cap of $2.83 trillion. Bitcoin itself is experiencing a modest 24-hour gain of 0.62%, trading at $82,159, and showing a 7-day increase of 0.38%. The Fear & Greed Index stands at 63, indicating a 'Greed' sentiment among investors.
The outcome of this dispute could have implications for other international mining operations, particularly in regions where power supply and regulatory environments are less predictable. Investors and operators will likely monitor this situation closely to assess the potential impact on future mining investments.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from ₹78,13,332.40$82,159.00 to ₹78,20,940.41$82,239.00 — +0.10%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin reach $87,500 in October?
Crowd-implied probability on Polymarket, ₹10.12M 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 16 00:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.67M (about $82,239.00), up 0.9% over 24 hours. The rupee itself trades about 10.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
BitFuFu Considers Abandoning $4.1M Ethiopia Bitcoin Mining D — questions & answers
What is the current status of BitFuFu's Ethiopia mining project?
BitFuFu is considering abandoning the project after a power supply dispute and threat of equipment seizure.
How much has BitFuFu already invested in the Ethiopia project?
The company has reportedly paid $4.1 million for the 80 MW mining site.
What is the impact on the Bitcoin network?
The network remains strong with a hashrate of 1026 EH/s and difficulty at 132.7T.
How much is 1 Bitcoin worth in rupee today?
About ₹8.67M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $82,239.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.10% since this brief first published — trading at ₹78,20,940 ($82,239.00) now versus ₹78,13,332 ($82,159.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cryptopolitan. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.