Bhutan, the small kingdom of the Himalayas, is leveraging its abundant hydropower to mine cryptocurrencies sustainably. Since 2019, its sovereign fund has invested in digital assets, using the profits to fund government salaries and other projects. Now, they plan to expand this strategy as part of their commitment to innovation and sustainability.
With more than 10% of its youth emigrating between 2022 and 2023, Bhutan seeks to create jobs in emerging technologies such as blockchain and artificial intelligence. The goal is to attract multinational companies interested in environmentally friendly digital assets and to meet ESG standards. To achieve this, they plan to increase their hydropower capacity from 3.5 to 15 gigawatts in the next 10 to 15 years.
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