The Himalayan nation of Bhutan plans to expand its Bitcoin mining operations fivefold ahead of the impending halving event in April. Bhutan's sovereign wealth fund Druk Holding & Investments is partnering with Bitcoin mining firm Bitdeer to ramp up capacity from 100 to 600 megawatts. Bhutan has embraced Bitcoin more fully than most nations, citing mining as a commercial opportunity and crisis mitigation tool. Its renewable hydropower reserves make it an ideal location for eco-friendly mining.
The Himalayan nation of Bhutan plans to expand its Bitcoin mining operations fivefold ahead of the impending halving event in April. Bhutan 's sovereign wealth fund Druk Holding & Investments is partnering with Bitcoin mining firm Bitdeer to ramp up capacity from 100 to 600 megawatts. The country has taken an institutional interest in Bitcoin, with its sovereign fund purchasing BTC since prices were around $5,000. Bhutan announced last year it was raising $500 million to boost mining operations.
By framing mining as both a commercial opportunity and crisis mitigation tool, Bhutan has embraced Bitcoin more fully than most nations. Its renewable hydropower reserves also make it an ideal location for eco-friendly mining
Bhutan Bitcoin Mining Halving Event Druk Holding & Investments Bitdeer Renewable Hydropower Eco-Friendly Mining
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