Bhutan Leverages Hydropower for National Bitcoin Mining
- Bhutan’s national Bitcoin mining is led by Druk Holding & Investments.
- Hydropower fuels the sustainable mining process.
- Economic gains support public and development projects.
Bhutan is mining Bitcoin using surplus hydropower resources through its sovereign investment arm, Druk Holding & Investments (DHI), since 2019.
Bhutan’s strategic shift towards Bitcoin mining is crucial for economic growth, fueled by renewable energy, without significant regulatory pushback.
Druk Holding & Investments
Druk Holding & Investments, Bhutan’s sovereign investment arm, leads the Bitcoin mining initiative, utilizing excess hydropower capacity. CEO Ujjwal Deep Dahal dynamically oversees operations, emphasizing renewable energy for digital asset mining since 2019. Bhutan has mined over 12,000 BTC since 2020. The profits are used to support public wage programs and national development projects, with the mining fully powered by renewable hydropower infrastructure.
“The fund viewed these assets as both a strategic investment and a potential turning point for the country.” — Ujjwal Deep Dahal, CEO, Druk Holding & Investments
The strategic move positions Bitcoin as a digital gold parallel, according to DHI official Damcho Dorji Dahal. This business model supports economic growth and aligns with global ESG narratives, integrating Bhutan into the cryptocurrency sphere. With Bhutan holding a significant position globally in governmental Bitcoin holdings, the economic implications are profound. Aiming to expand hydropower capacity for more significant Bitcoin mining operations could amplify financial gains and development initiatives.
Improvements in energy capacity could lead to broader economic benefits, incorporating financial growth with political stability. Bhutan’s approach could see regulatory influence as mining activities grow, necessitating compliance with global standards, yet position the nation favorably in the technological advancement landscape. The innovative blend of technology and renewable resources sets Bhutan apart within the crypto community, promoting a model for other nations.
