investment arm of the Kingdom of Bhutan. Druk Holdings and Investments(DHI), Bitdeerpartnered with.
Nasdaq-listed mining company Bitdeer and DHI have teamed up to create eco-friendly and carbon-free crypto mining operations in the Kingdom of Bhutan. According to the announcement, Bitdeer and DHI have approximately 500 million dollarswill create a closed-end fund worth
Work will start in May
The companies aim to start fundraising at the end of May to attract investments from around the world.
Bitdeer Chairman of the Board Jihan Wu expressed his excitement about collaborating with Druk Holding and Investments. Wu to support blockchain technologies that will form an unalterable foundation for a universal store of value. DHI He said they would work with him. Wu added that the fund will provide a platform to develop international stakeholder networks that will contribute to Bhutan’s technology sector.
CEO of DHI Ujjwal Deep Dahalstated that DHI’s aim is to improve the lives of Bhutanese and that he believes the partnership with Bitdeer is a step towards a more sustainable local economy.
The partnership is intended to offer employment opportunities in a variety of fields, including engineering, project management, supervisory and supporting roles. However, this partnership is expected to stimulate economic growth and generate foreign currency income for the local community and country.
