Economy

Bhutan puts Bitcoin mining plan in motion to power up economy

Fundraising starts as Himalayan kingdom aims to leverage hydro resources

20230531 bhutan hydropower

Bhutan's hydroelectric power resources hold the key to its plan to become a Bitcoin mining center. © Reuters

PHUNTSHO WANGDI, Contributing writer
June 11, 2023 09:01 JST

THIMPHU -- The tiny Himalayan kingdom of Bhutan, known for its Gross National Happiness development indicator, is embarking on a cryptocurrency mining project as it aspires to build a 21st-century economy.

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