TechFlow reports that the Kingdom of Bhutan is actively engaged in Bitcoin mining, producing 55 to 75 bitcoins per week, worth approximately $3.6 million to $4.9 million.
Bhutan mines using pools such as AntPool, leveraging its advantages of low-cost, clean hydropower and a $500 million fund. Druk Holdings, Bhutan's sovereign holding company, has been involved in cryptocurrency since February 2021 and has mined approximately 27,727 BTC (worth $1.36 billion).
Between 2021 and 2022, Bhutan conducted over $800 million in cryptocurrency transactions with multiple lending platforms. Currently, Bhutan holds 13,119 BTC (worth $860.4 million), nearly half of its total holdings.
Since June this year, Druk has deposited a total of 1,358.64 BTC (approximately $90 million) into exchanges, exceeding its mining output during the same period.
