TechFlow reports, according to Wu Blockchain, Bitdeer is selling its environmentally-friendly private Bitcoin mining fund BGB (Bitdeer Green Bitcoin Fund). The fund aims to generate returns by owning and operating Bitcoin mining operations in Bhutan, with a construction target of 600 MWs and an estimated total computing power approaching 20 EH/s.
The BGB fund operates as a closed-end fund with a term of six years (unless extended per the fund documents), a minimum investment of USD 5 million, and expects to raise USD 80 million for its first phase. Earlier, Bitdeer had been collaborating with Bhutan's government investment agency on building the Bitcoin mining facility.
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