Bitcoin Mining in Bhutan

Bhutan has found a way to harness its immense hydroelectric potential which accounts for 30% of its gross domestic product. Bhutan's officials confirmed that mining began when the price of Bitcoin was only five thousand dollars back in April of 2019. The kingdom had reportedly explored partnerships to expand its mining operations further notably negotiating with the NASDAQ listed mining company BitDeer to secure 100 megawatts of power for mining data center in Bhutan. It is 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 crypto holdings on behalf of its people.