Bhutan and Bitdeer announced that they will raise approximately $500 million to develop sustainable Bitcoin (BTC) and cryptocurrency mining operations.
Founded by Chinese billionaire Jihan Wu Bitdeer May 3 The South Asian country, in a press release published on Bhutan’s national investment arm Druk Holdings and investment (DHI) established with strategic partnership within the country develop sustainable mining operations for 500 million dollar closed-ended One fund announced that they will.
partnership news, Bhutan’s hydroelectric power plants for a long time bitcoin used for mining from the emergence announced shortly after.
Engineering, project management, supervisor And supportive in many fields such as employment fund raising activities within the scope of the partnership expected to create May It is said to start at the end of the month. Also within the scope of the project Bitdeer’s general partner of DHI whereas limited strategic partner it was underlined.
Bitdeer Founder Jihan Wu In his statement on the subject, he used the following statements:
We are excited to work with DHI on accessing Bhutan’s zero-emissions power to sustainably drive blockchain technologies that will eventually form a stable foundation for a global store of value. The new fund will also represent a way to foster global stakeholder networks that support growth and innovation in the technology sector in Bhutan.
CEO of DHI Ujjwal Deep Dahal in the project Bitdeer to cooperate with that they are excited stated. Dahal, DHI’s Bhutanese people improve economic well-being working for and partnership in the scope of sustainable He stated that they will move towards a domestic economy.