Coinspeaker
Bhutan’s Bitcoin Mining Operation Surges Ahead of Halving to Offset Revenue Impact
Bhutan, a small nation nestled in the Himalayas, renowned for stunning mountain landscapes, is making a big bet on Bitcoin. As Bitcoin’s next “halving” approaches, reducing mining rewards, Bhutan plans a substantial upgrade to its Bitcoin mining capabilities. With this strategic move, it aims to become a major player in the global mining scene.
Druk Holding & Investments (DHI), Bhutan’s government investment firm, has partnered with Bitdeer Technologies Group, a major crypto mining company listed on Nasdaq. With this strategic partnership, Bhutan uses abundant hydropower resources, a clean and renewable energy source ideal for Bitcoin mining operations.
The planned upgrades show Bhutan’s ambitious vision for Bitcoin mining op...