- Bhutan reveals secret Bitcoin mines, transforming into a crypto Shangri-La.
- Locations in Thimphu, Trongsa, Dagana, and ‘Education City’ disclosed.
- Bhutan’s crypto journey sits under ‘Dragon King’ and strategic economic transformation.
Hidden in the serene landscapes of Bhutan, a multimillion-dollar Bitcoin mining operation has been uncovered, revealing secret locations and a remarkable transformation led by the ‘Dragon King’. With facilities near Thimphu, Trongsa, Dagana, and an expansive Bitcoin mine on the site of a failed $1 billion government project, Bhutan emerges as a crypto Shangri-La.
Bhutan’s entry into crypto began as a strategic move amid declining tourism revenues, evolving into a thriving industry. The revealed locations include Thimphu, the Himalayan capital; Trongsa, the ancestral seat of the Wangchuck dynasty; Dagana, nestled in a forested district near a rural school; and the colossal ‘Education City’ mine, marking the site of the failed government project.
Under the reign of Jigme Khesar Namgyel Wangchuck, Bhutan’s monarch, the nation has embraced Bitcoin mining to avert economic challenges. While Bhutanese officials kept these facilities undisclosed, Forbes, through satellite imagery, exposed the world’s largest state-owned mines, featuring mining units, data centers, and power lines connected to hydroelectric plants.
One mine near Dochula Pass, a culturally significant area, served as Bhutan’s pilot location. Construction, completed in late 2022, remains hidden despite its proximity to a busy highway. Other sites include Trongsa, Dagana, and the largest mine on the grounds of the failed ‘Education City’ project.
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The Bhutanese government’s commitment to crypto investments became evident after Forbes reported its multi-million-dollar portfolio earlier this year. The identified mining sites showcase the kingdom’s dedication to Bitcoin mining, utilizing its abundant hydroelectric power. As the world learns about Bhutan’s secret mining operations, it cements the nation’s unique position in the evolving landscape of crypto.
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