The Himalayan Kingdom of Bhutan along with its partner Bitdeer Technologies Group has reportedly kickstarted plans to develop a 600-megawatt crypto mining farm. Bitcoin mining in the kingdom is expected to “equip citizens to participate in the modern global economy from within Bhutan.”
Bhutan’s Green and Affordable Power
The Southeast Asian kingdom of Bhutan has reportedly set in motion a plan to develop a 600-megawatt bitcoin mining farm with the Bitdeer Technologies Group. According to a Nikkei Asia report, Bitdeer, which is tasked with raising $500 million in capital from global investors, has already confirmed the commencement of the capital-raising drive.
Ujjwal Deep Dahal, the CEO of Druk Holding and Investments, is quoted in the report explaining why Bhutan is suitable for Bitcoin mining.
“While Bhutan faces geographical constraints and connectivity challenges, being landlocked and mountainous, its green and relatively cheaper power provides an opportunity to invest in d
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