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- Bitdeer Technologies, a Singapore-based Bitcoin mining company led by Jihan Wu, plans to expand its Bitcoin mining operations in Bhutan.
- The company has launched a new fund called the Bitdeer Green Bitcoin Fund in Bhutan to facilitate this expansion.
- With the help of this fund, Bitdeer aims to implement crypto mining projects in Bhutan with a total hashrate value of about 20 EH/s.
Bitdeer Technologies, a Bitcoin mining firm based in Singapore, is looking to broaden its mining operations in Bhutan. To achieve this, the company has introduced the Bitdeer Green Bitcoin Fund in Bhutan. The company’s goal is to initiate crypto mining projects in Bhutan that have a total hashrate value of approximately 20 EH/s.
Bitdeer’s Ambitious Expansion Plans in Bhutan
As the value of cryptocurrencies continues to rise, so does the interest in crypto mining activities. Bitdeer Technologies, a Singapore-based Bitcoin mining company founded by Jihan Wu, is one such firm that is capitalizing on this trend. The company has recently launched a special fund in Bhutan for Bitcoin mining, marking a significant step in its efforts to expand operations in the South Asian country.
The Bitdeer Green Bitcoin Fund
The newly launched Bitdeer Green Bitcoin Fund aims to generate revenue from Bitcoin mining operations in Bhutan. The fund, which is set to operate over a six-year period, plans to raise a capital of $80 million for its first construction project by accepting a minimum investment of $5 million from investors.
Bitdeer’s Hashrate Goals
Bitdeer has ambitious plans for its Bhutan operations. With the help of the Bitdeer Green Bitcoin Fund, the company aims to launch crypto mining projects in Bhutan that will have a total hashrate value of around 20 EH/s.
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Conclusion
In conclusion, Bitdeer Technologies’ expansion plans in Bhutan, facilitated by the Bitdeer Green Bitcoin Fund, highlight the growing interest in crypto mining activities. With a target hashrate value of 20 EH/s, the company’s ambitious plans could significantly boost Bhutan’s Bitcoin mining operations.
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