• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

How Bhutan Leverages Bitcoin Mining to Boost Its Economy

user avatar

by Giorgi Kostiuk

a year ago

  1. The Example of Bhutan
  2. Paraguay and Its Energy Potential
  3. Venezuela: Opportunities and Challenges


    4. The Kingdom of Bhutan is showcasing a powerful example of how developing nations can leverage Bitcoin mining to improve their economies and achieve economic growth. Onchain analytics platform Arkham Intelligence has detected the first Bitcoin address of Bhutan’s investment arm, Druk Holding and Investments (DHI).

    The Example of Bhutan

    According to Arkham, DHI holds 13,029 BTC, 656 Ether (ETH), and some BNB and Polygon, amounting to approximately $780 million in total crypto holdings. Bhutan's crypto reserves account for over 26.9% of its 2023 national gross domestic product (GDP).

    Paraguay and Its Energy Potential

    Paraguay is taking steps toward regulating Bitcoin mining in 2024 due to its abundant hydroelectric resources. However, political and regulatory issues have prevented the country from fully utilizing its energy potential for cryptocurrency mining.

    Venezuela: Opportunities and Challenges

    Venezuela, rich in oil and natural gas, faces challenges such as inadequate infrastructure and political instability, making it difficult to develop its cryptocurrency mining sector.

    The Kingdom of Bhutan provides a compelling example of how developing nations can utilize Bitcoin mining for economic growth. Other countries may follow its lead despite various hurdles and challenges.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Sui's Focus on Scalable Blockchain Structure Gains Attention

chest

Sui is gaining attention for its performance-driven infrastructure and efficient contract execution.

user avatarKofi Adjeman

Arbitrum's Contribution to Ethereum's Efficiency

chest

Arbitrum plays a crucial role in improving Ethereum's transaction flow by reducing costs and congestion.

user avatarNguyen Van Long

US Senators Introduce Blockchain Regulatory Certainty Act

chest

US Senators Ron Wyden and Cynthia Lummis introduce the Blockchain Regulatory Certainty Act to establish clear digital asset rules.

user avatarRajesh Kumar

Blockchain Regulatory Certainty Act Faces Legislative Challenges

chest

The Blockchain Regulatory Certainty Act (BRCA) is currently under discussion for potential inclusion in the Senate's comprehensive market structure legislation, facing legislative challenges.

user avatarSatoshi Nakamura

Blockchain Regulatory Certainty Act Addresses Core Industry Concerns

chest

The Blockchain Regulatory Certainty Act (BRCA) addresses regulatory uncertainty by protecting developers' rights to code and individuals' rights to self-custody digital assets.

user avatarJesper Sørensen

Dreamathon Highlights Metaverse and Blockchain Convergence

chest

Dreamathon is an incubator event launched in August 2025, showcasing the convergence of metaverse and blockchain initiatives, with uncertain economic implications.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.