Nepal quietly opens doors to commercial Bitcoin ($BTC ) mining. Leveraging surplus hydropower, Nepal offers USD-denominated rates for 20 years. Miners can build hydropower plants under a 35-year model.
Potential: $2B investment, $800M revenue in year one. Cold regions like Mustang are ideal for BTC mining efficiency. Aims to rival Bhutan’s $BTC success; targets $80B in unmined BTC
Challenge: Updating 1962 forex laws banning crypto. Sustainable BTC mining with clean energy amid global CO2 concerns.