Bhutan bets on green crypto mining in the Himalayas

The government of Bhutan is associated with the minor listed on the stock exchange Bitdeer in order to raise funds and finance of operations d’crypto extraction “ecologically sustainable and carbon-free” in the kingdom.

On Wednesday, Bitdeer announced that it had entered into a partnership with the Bhutanese authorities with the aim of accelerating the economic and digital transformation of the Buddhist kingdom and expand the global footprint of the recently Nasdaq-listed Asian bitcoin miner.

Druk Holding & Investments (DHI)the commercial and investment arm of the Government of Bhutan, and Bitdeer thus plan to launch a fund with 500 million dollars – by raising capital from foreign investors – to build a crypto-mining center in the Himalayan range taking advantage only of the green energy.

We are delighted to partner with Bitdeer on this important development. DHI exists to improve the lives of Bhutanese today and for generations to come. Partnering with Bitdeer to launch a carbon-free digital asset mining data center represents an investment in a more connected and sustainable national economy, helping to ensure that we are at the forefront of global innovation,” commented Ujjwal Deep Dahal, DHI’s director.

Founded in 2018 in Singapore by Jihan Wu, Bitdeer is one of the largest BTC miners on the planet. The firm, which owns a total of 6 mining farms in the US and Norway, claims a global hashrate of over 16 EH/s. It also offers cloud services for other miners.

Last week, Forbes reported that the Bhutan was very interested in this industry and had been quietly mining bitcoins for several years.

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