- Eco-Friendly Bitcoin Mining in Bhutan
- Role of Druk Holdings & Investments
- Future Plans and Sustainable Development
Bhutan, a small Himalayan monarchy, is actively developing its presence in the cryptocurrency world with extensive mining operations.
Eco-Friendly Bitcoin Mining in Bhutan
Bhutan has accumulated 13,011 Bitcoin, worth approximately $780 million, through large-scale mining operations. In 2023, Bitdeer announced a partnership with Druk Holdings to establish a fully carbon-neutral mining facility in Bhutan, leveraging renewable energy sources.
Role of Druk Holdings & Investments
Bhutan's mining operations are driven by Druk Holdings & Investments (DHI), the country's official investment arm. Mining facilities have been developed in various locations over the past year, including a large complex at the site of the now-defunct Education City project.
Future Plans and Sustainable Development
Plans to increase mining capacity from 100 to 600 megawatts will enable Bhutan to significantly increase its Bitcoin production, strengthening its position in the global crypto market. Environmentally friendly mining operations align with the country's overall commitment to sustainability.
Bhutan's strategy for environmentally sustainable mining could serve as an example for other nations seeking to balance economic development with environmental sustainability.
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