In a strategic maneuver poised to redefine the cryptocurrency mining landscape, the Kingdom of Bhutan, in collaboration with the Nasdaq-listed mining titan Bitdeer, has announced plans to significantly bolster its Bitcoin mining operations. Amidst the looming anticipation of Bitcoin's fourth halving event, this partnership aims to amplify Bhutan's mining capacity to an astonishing 500 megawatts by 2025, marking a 600% increase.
Druk Holding & Investments (DHI), Bhutan's sovereign investment arm, is at the forefront of this ambitious initiative. By harnessing Bitdeer's cutting-edge mining technology and Bhutan's vast hydroelectric power resources, DHI is set to navigate the potential revenue fluctuations anticipated from the halving event. This expansion is not just a venture into enhancing computational power but a step towards
#Bhutan, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Halving, #Mining, #News, #Regulations
First found on: Crypto news from Coinatory
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