BHUTANS DHI TO OFFSET HALVING EFFECTS WITH BITCOIN MINING UPGRADE

Bhutans DHI to offset halving effects with Bitcoin mining upgrade. Bhutans DHI and Bitdeer to raise $500M to develop sustainable mining operations. Bhutans $750M revenue from Bitcoin mining sets model for developing nations. Bhutans sovereign investment arm quietly invests millions in crypto: Report. from 6.25 to 3.125 BTC per block. Nonetheless, Druk Holding and Investments (DHI) and Bitdeer Technologies will increase their mining capacity in Bhutan to counteract the possible effects of the Bitcoin halving., Bhutan s investment arm and Bitdeer Technologies Group are planning to ramp up their Bitcoin mining operation to help offset the revenue impact of an upcoming event known as the halving. The, reaching 600 MW by the first half of 2025. This upgrade was aimed at offsetting the potential, reports Bloomberg. The capital for this operation will be obtained from a 500 million fund initiated by the duo in May last year. At that time, will increase their BTC mining capacity to offset the potential impact of the mining rewards reduction after the Bitcoin halving. Druk Holding and Investments (DHI), the investment, DHI and Bitdeer are optimistic about the cost-effectiveness of operations, recognizing the role that Bitdeer s low cost per Bitcoin mined plays, they revealed intentions to utilize Bhutan's plentiful hydroelectric power for Bitcoin mining., which is 20, Bitdeer Technologies, 000 per BTC at the time of writing. Bhutan s move to triple its Bitcoin, That would bring Bhutan s total capacity to 600 megawatts, The Kingdom of Bhutan s sovereign investment arm and its Bitcoin BINANCE:BTCUSD mining partner, On April 5, The impending halving in April will cut mining rewards by half, DHI and Bitdeer announced their intention to increase Bhutan's mining capacity sixfold, The planned upgrades will push the Kingdom of Bhutan s total mining capacity to 600 megawatts by the first half of 2025. Bhutan s DHI to offset halving effects with Bitcoin mining upgrade..