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Bhutan Embraces Blockchain and Bitcoin Mining for Economic Growth

Bhutan, a Himalayan kingdom known for its unique focus on 'Gross National Happiness' as a development indicator, is incorporating new-age technology such as blockchain and drone innovation into its traditionally rural economy. Druk Holding & Investments (DHI), Bhutan's state-owned commercial holding enterprise, is leading the charge in technological adoption in the country. DHI recently partnered with Bitdeer, a Singapore-based crypto company, to raise $500 million for a crypto mining business. Bhutan's Bitcoin mining aspirations are grounded in the abundance of its hydropower resources, which could potentially make it the "biggest Bitcoin miner per capita in the world." However, the volatile nature of the crypto industry poses challenges to DHI's ambitious plans.

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