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Bitdeer Launches Closed-End Fund for Bitcoin Mining in Bhutan

Bitdeer Technologies, a Singapore-based bitcoin mining company founded by Jihan Wu, has launched a closed-end fund dedicated to mining bitcoin in Bhutan. The Bitdeer Green Bitcoin Fund plans to raise $80 million for its first-phase construction project, with a minimum investment threshold of $5 million from investors. The company aims to build mining projects in Bhutan with a total hashrate of nearly 20 EH/s. Bitdeer previously announced a partnership with Bhutan's state-owned investment company to raise up to $500 million for a crypto mining fund.

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