Druk Holding and Investments and mining firm Bitdeer will increase their mining capacity in Bhutan sixfold before the Bitcoin halving.
The Kingdom of Bhutan’s sovereign investment arm and its Bitcoin (BTC) mining partner, Bitdeer Technologies, 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 arm of the royal government of Bhutan, and the Nasdaq-listed Bitdeer reportedly announced that they will invest in increasing their mining project’s capacity sixfold ahead of the halving.
Bitdeer’s chief business officer said the planned upgrades will raise Bhutan’s mining capacity by 500 megawatts by the first half of 2025. This would increase the Himalayan kingdom’s total mining capacity to 600 megawatts.
