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Author: Admin | 2025-04-28
Hub4Business Bhutan's Eco-Friendly Bitcoin Mining Strategy: Harnessing Hydropower for Digital Wealth. Bhutan Bhutan Located in the eastern Himalayas, Bhutan, a country better known for prioritising Gross National Happiness, has quietly risen to become an important player in the crypto world with a remarkable troupe of Bitcoins, the gold among virtual assets. Recently, blockchain analytics firm Arkham Intelligence revealed that Bhutan ranks fourth globally in terms of government Bitcoin reserves, possessing an impressive 13,000 BTC, valued at approximately $750 million. This significant achievement highlights a unique narrative that unlike many governments that buy Bitcoin or take it from others, Bhutan gets all its Bitcoin from mining it itself. Bhutan's strategy in cryptocurrency differs from other nations. Countries like El Salvador and the United States have gained contempt for their Bitcoin holdings which are often obtained through market purchases or law enforcement asset seizures. In contrast, Bhutan's Bitcoin reserves are a direct result of its enormous hydropower resources, allowing for eco-friendly mining operations. The Kingdom began its mining journey in 2019, transforming a former Education City project into one of Bhutan's largest Bitcoin mining facilities. Despite prioritizing Gross National Happiness over economic growth, Bhutan's decision to embrace digital innovation signifies a strategic move towards integrating technology into its economy. Currently, Bhutan generates between 55 BTC (approximately $3.6 million) and 75 BTC (around $4.9 million) every week from its mining operations. This not only diversifies its revenue streams but also stabilizes its economy from global fluctuations. Bhutan's Bitcoin holdings represent nearly 25% of its projected GDP, estimated to exceed $3 billion by the end of 2024. Arkham Intelligence played an important role in revealing Bhutan's Bitcoin holdings by blockchain analytics, they revealed that Bhutan's reserves are derived completely from mining activities, categorising them from the Bitcoin reserves of other nations. Using time lapse satellite imagery, Arkham verified the timeline of Bhutan's on-chain mining activities, which is providing a complete view of how its reserves have grown over the time. Bhutan's state investment wing, Druk Holding & Investments (DHI), oversees a diversified crypto portfolio that includes Ethereum, BNB, Polygon, and Tether, which shows Bhutan
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