Bitdeer, a Bitcoin mining company headquartered in Singapore, has launched a closed-end fund to invest in the Bitcoin mining industry in Bhutan. This represents a part of the firm’s efforts to expand its mining operations in the South Asian country.
Bitdeer Targets $80 Million In Project’s First Phase
Bitdeer, headed by Chinese billionaire Jihan Wu, has begun to raise money for the Bitcoin Green Bitcoin (BGB) Fund aimed at increasing Bitcoin mining operations in Bhutan. According to crypto reporter Colin Wu, the duration of the BGB Fund is six years, with plans to raise $80 million for the first-phase construction project.
The Bitcoin Green Bitcoin Fund has a minimum investment threshold of $5 million for investors. Through this fund, Bitdeer aims to establish mining projects – with an estimated total hashrate of 20EH/s – in Bhutan.
In recent months, Bitdeer has been increasing its ambition and activities in the kingdom of Bhutan, leveraging on the country’s zero-emissions
We współpracy z: https://bitcoinist.com/bitdeer-launches-fund-for-bitcoin-mining-in-bhutan/
