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Bhutan's Government-Owned Holding Company Confirms Years-Long Bitcoin Mining Operations

Bhutan's only government-owned holding company, Druk Holding and Investments, has confirmed that it has been mining Bitcoin for several years as part of its diversified portfolio. The company's investment in Bitcoin mining is a strategic move and not driven by FOMO. DHI assured that risks associated with cryptocurrencies are mitigated as the company is not involved in direct selling and buying digital assets.

The mining operation is powered by Bhutan's renewable energy sources, making it ideal for Bitcoin mining. The venture into cryptocurrency mining is part of Bhutan's efforts to spur economic growth, where technology is viewed as a key element. DHI has managed to repay all loans borrowed from bankrupted crypto firms, BlockFi and Celsius, without suffering any financial losses compared to the cost of mining digital assets in Bhutan.

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