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Bhutan’s Hydro-Powered Bitcoin Play: Mining Green or Washing Greenbacks?
Bhutan’s Hydro-Powered Bitcoin Play: Mining Green or Washing Greenbacks?
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The Himalayan kingdom turns its roaring rivers into a crypto edge—while Wall Street still burns coal to mint digital gold.
Hydropower fuels 100% of Bhutan’s mining ops, a stark contrast to the fossil-guzzling ASIC farms dominating the industry. No energy audits? No problem—this is the land of Gross National Happiness, not SEC subpoenas.
Key details: State-backed mining began in 2020, with profits reportedly funneled into blockchain education (and maybe a few dzong renovations). The real win? A sovereign hash rate that doesn’t rely on volatile token sales or VC handouts.
Cynic’s corner: If this were a hedge fund’s ‘sustainable’ mining venture, they’d charge a 2% management fee on the waterfalls.
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