The Kingdom of Bhutan is onchain and mining millions in BTC

Bhutan, a Buddhist kingdom, has been deep in crypto for years. And it’s apparently paying off.

The Kingdom of Bhutan continues to mine millions of dollars in bitcoin.

Bhutan is currently generating anywhere from 55 BTC ($3.6 million) to 75 BTC ($4.9 million) every week from its mining operations.

The government utilizes mining pools including AntPool, Braiins and Foundry, according to on-chain data via Arkham Intelligence.

Bhutan operations are backed by access to cheap, clean hydropower, and by a reported $500 million closed-ended fund launched last May.