Blockonomi
TLDR: Eskom eyes Bitcoin mining as electricity demand drops and R403B debt mounts. Power surplus from renewables could attract crypto miners seeking cheap energy. Diesel usage spiked to R4.51B amid outages, prompting urgency for new strategies. Municipal debts exceed R90B, worsening Eskom’s cash crisis and pressuring reform…
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South Africa’s Eskom Eyes Bitcoin Mining to Offset Energy Surplus and Soaring Debt
Brenda Mary
11:22
TLDR: Eskom eyes Bitcoin mining as electricity demand drops and R403B debt mounts. Power surplus from renewables could attract crypto miners seeking cheap energy. Diesel usage spiked to R4.51B amid outages, prompting urgency for new strategies. Municipal debts exceed R90B, worsening Eskom’s cash crisis and pressuring reform…
