# Сопутствующие статьи по теме Hydropower

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Hydropower", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Bhutan, A Country Betting 9% of Its GDP on Bitcoin

Bhutan, a small Himalayan kingdom, has made a dramatic and high-stakes bet on Bitcoin, investing up to 9% of its GDP in cryptocurrency mining infrastructure. The country leveraged its abundant hydroelectric power—a natural resource that often produces surplus energy—to mine Bitcoin starting around 2019-2020. This initiative was led by its sovereign wealth fund, Druk Holding and Investments (DHI), under CEO Ujjwal Deep Dahal, as a strategic move to diversify foreign reserves and escape economic dependency on India, which buys most of Bhutan's electricity under restrictive terms. At its peak, Bhutan held an estimated 13,000 Bitcoin. However, it has since sold significant portions to address fiscal needs, including a $72 million sale in 2023 to fund a 50% salary increase for public servants amid a severe brain drain. More ambitiously, the government pledged up to 10,000 Bitcoin (worth ~$1 billion) to fund the Gelephu Mindfulness City (GMC), a proposed special economic zone with a projected cost of $100 billion—nearly 30 times Bhutan’s 2025 GDP. The country also engaged in sophisticated on-chain strategies, such as using ETH as collateral for loans on platforms like Aave, though it faced near-liquidation during market downturns. While Bitcoin mining has helped reduce the current account deficit and boost reserves, it hasn’t solved deep-seated issues like youth unemployment, which remains high at 18%, driving significant emigration. Despite national-level gains, many citizens continue to seek opportunities abroad, highlighting the disconnect between macroeconomic gambles and everyday livelihoods.

marsbit04/08 03:14

Bhutan, A Country Betting 9% of Its GDP on Bitcoin

marsbit04/08 03:14

A Country Betting 9% of Its GDP on Bitcoin

Bhutan, a small Buddhist kingdom nestled in the Himalayas, made a secret and massive bet on Bitcoin mining, investing up to 9% of its GDP in cryptocurrency infrastructure. Using its abundant and cheap hydroelectric power, the country began mining Bitcoin around 2019–2020 under the direction of its sovereign wealth fund, Druk Holding and Investments (DHI), led by U.S.-educated technocrat Ujjwal Deep Dahal. At its peak, Bhutan held around 13,000 BTC. It sold portions to cover national expenses, including a 50% salary raise for civil servants in 2023, and committed up to 10,000 BTC (worth ~$1 billion) to fund a massive special economic zone—the Gelephu Mindfulness City (GMC)—aimed at attracting global investment. The move was a strategic effort to monetize excess energy, reduce dependence on the Indian rupee, and diversify its economy. However, the large-scale import of mining equipment caused foreign reserves to drop and the current account deficit to spike to 34.3% of GDP in 2022/23. While the nation’s macroeconomic indicators improved with the 2025 Bitcoin bull run, the benefits have not fully reached its people. Youth unemployment remains high at 18%, and a significant portion of the population—nearly 8%—has emigrated abroad due to limited opportunities, highlighting the disconnect between national crypto ambitions and everyday economic reality.

marsbit04/01 03:40

A Country Betting 9% of Its GDP on Bitcoin

marsbit04/01 03:40

Has Bhutan Stopped Mining Bitcoin? New BTC Moves Fuel Fresh Questions

Bhutan's recent Bitcoin transfers, totaling $72.3 million over 24 hours, have raised questions about whether the country has stopped mining BTC. Blockchain analytics firm Arkham noted that the last significant inflow to known Bhutan-linked wallets was over a year ago, suggesting the state-backed mining operation may have slowed or halted. However, alternative explanations exist, such as seasonal hydropower limitations or the use of unidentified wallets for mining rewards. Bhutan has historically framed its Bitcoin strategy as a long-term national commitment rather than speculative trading. The ongoing outflows indicate distribution rather than accumulation, but the true status of Bhutan's mining activities remains uncertain.

bitcoinist03/19 20:32

Has Bhutan Stopped Mining Bitcoin? New BTC Moves Fuel Fresh Questions

bitcoinist03/19 20:32

Bhutan’s Bitcoin Offloading Continues for the Third Week: Here’s How Much the Country Has Sold Until Now

Bhutan has continued its Bitcoin sales for the third consecutive week, offloading approximately $29 million worth of BTC in recent transactions. The government has sold over $129 million in Bitcoin over the past five months, reducing its holdings from a peak of over 13,000 BTC to around 5,700 BTC, currently valued at approximately $372 million. These strategic sales are executed periodically, often in tranches of around $50 million, with recent smaller increments likely due to Bitcoin's price decline below $70,000. The country accumulated its Bitcoin holdings through state-backed mining operations powered by its abundant hydropower resources, rather than direct purchases. This initiative began in 2019 through Druk Holding and Investments (DHI), the sovereign investment arm. Profits from these sales have been significant, contributing over $200 million annually in recent years and funding national development projects, including the Gelephu Mindfulness City initiative. Despite a slowdown in mining activity following the April 2024 Bitcoin halving, which reduced block rewards, Bhutan remains a notable sovereign holder of Bitcoin. Its approach demonstrates a model for leveraging renewable energy for cryptocurrency mining and integrating digital assets into economic strategy.

ccn.com02/13 09:25

Bhutan’s Bitcoin Offloading Continues for the Third Week: Here’s How Much the Country Has Sold Until Now

ccn.com02/13 09:25

Africa’s Bitcoin Mining Map Expands As Ethiopia Seeks Global Partner

Ethiopia is seeking a global partner to establish a state-backed Bitcoin mining operation, shifting from private mining deals to a government-led initiative. The project, led by the sovereign fund Ethiopian Investment Holdings, aims to leverage surplus hydropower to generate foreign income. While private miners are already operating in the country, the government believes a formal partnership will provide better oversight and more direct financial returns. The move is part of the broader Digital Ethiopia 2030 plan, though concerns remain about power usage and Bitcoin's price volatility.

bitcoinist01/21 05:02

Africa’s Bitcoin Mining Map Expands As Ethiopia Seeks Global Partner

bitcoinist01/21 05:02

How Bhutan is building a green Bitcoin economy from the ground up

Bhutan is leveraging its abundant carbon-free hydropower to build a state-backed Bitcoin mining economy, converting surplus electricity into a digital export. Led by sovereign investment arm DHI, the strategy treats mined Bitcoin as a foreign-currency reserve that has already supported government finances. Mining is restricted to entities within the regulated Gelephu Mindfulness City special jurisdiction under central bank supervision. The approach frames Bitcoin as a “battery” for seasonal energy fluctuations and emphasizes green credentials. Key challenges include Bitcoin’s fiscal risks, price volatility, and the need for transparency in state-linked crypto reserves.

cointelegraph12/23 14:47

How Bhutan is building a green Bitcoin economy from the ground up

cointelegraph12/23 14:47

活动图片

Популярные категорииright-arrow

Популярные тегиright-arrow

Bitcoinright-arrow

Ethereumright-arrow