深潮TechFlow
深潮TechFlow|Apr 11, 2026 04:31
[The Kingdom of Bhutan May Have Halted Bitcoin Mining Activities, Shifting to Selling Electricity to Neighboring India] According to Deep Tide TechFlow on April 11, as reported by CoinDesk, after selling 70% of its Bitcoin holdings, there are claims that the Kingdom of Bhutan may have stopped or slowed down Bitcoin mining activities, forming a stark contrast to other major institutions and sovereign nations that are increasing their holdings of cryptocurrencies and gold (El Salvador currently holds over 7,618 Bitcoins). Reportedly, due to economic pressures, its hydroelectric power is now being used more for selling electricity to neighboring India rather than Bitcoin mining. Additionally, factors such as Bitcoin price declines, increased network difficulty, and halving pressures are squeezing mining profit margins. As of now, Bhutan's sovereign wealth fund, Druk Holding and Investments, which manages the nation's Bitcoin assets, has not publicly commented on the status of its funds transfer or mining operations.
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