Gross National Happiness meets crypto: Bhutan has secretly been mining Bitcoin mining with hydropower!
The kingdom has reportedly explored partnerships to expand its mining operations further. Notably, it is negotiating with Nasdaq-listed mining company Bitdeer to secure 100 megawatts of power for a Bitcoin mining data center in Bhutan. This partnership would increase Bitdeer’s mining capacity by about 12%.
The scale of Bhutan’s mining operations remains a mystery, with little information available about the location, size and profitability of its mining farms. Some Druk Holding and Investments employees have listed “crypto mining” as their tasks and skills on their LinkedIn profiles. It is also unclear why the government chose not to disclose this project to its citizens or international partners. However, it is known that the state-owned holding company DHI has invested millions of dollars in cryptocurrency holdings, with the funds managed on behalf of its people.
Although mainstream media would indicate the contrary, Bitcoin mining is the world’s cleanest industry, with
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