Bhutan’s Hydropower-Fueled Bitcoin Mining Operation Generates Over $1 Billion

The small Himalayan kingdom of Bhutan has quietly built one of the world’s largest government-owned Bitcoin operations, accumulating over $1.4 billion worth of cryptocurrency through mining powered entirely by renewable hydroelectric energy.

With just 800,000 people, Bhutan now ranks as one of the largest government holder of Bitcoin globally, holding over 11,400 Bitcoin that represents roughly 40% of the country’s entire GDP.

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