Bitdeer Technologies Group has partnered with Druk Holding & Investments to establish a carbon-free digital asset mining operation in the Kingdom of Bhutan, marking Bitdeer’s first expansion into Asia. The partnership aims to accelerate Bhutan’s digital transformation and economic diversification while expanding Bitdeer’s global footprint. The two firms will establish a closed-end fund worth up to $500 million, with Bitdeer serving as the general partner and DHI acting as a strategic limited partner.
The mining operations will be powered by zero-emissions power sources, creating local jobs, generating economic activity, and foreign-currency-denominated revenue for local communities and the country. Bitdeer’s chairman, Jihan Wu, stated that the partnership will allow them to access Bhutan’s zero-emissions power to sustainably enable blockchain technologies for a global store of value. Meanwhile, Ujjwal Deep Dahal, CEO of Druk Holding and Investments, expressed his excitement about partnering with Bitdeer to better the lives of Bhutanese people today and for generations to come.
Currently, Bitdeer operates data centers in Northern Europe and North America. The upcoming carbon-free bitcoin mining operation in Bhutan will mark its expansion into Asia, enabling Bitdeer to tap into abundant resources and contribute to the flourishing regional ecosystem. Overall, the partnership strives to create a sustainable and environmentally friendly mining operation while promoting economic development and job creation in the Kingdom of Bhutan.
Post time: May-10-2023