Potan Al Sanabir Electrical Energy for Crypto Green Mining to achieve ESG goals – Tradingview News
Bhutan explores the use of electrical energy to extract green cryptocurrencies. The aim is to support the economy and reduce youth migration, according to the head of the country’s sovereign wealth fund.
Green cryptocurrencies are digital currencies using renewable energy, such as electrical energy. Unlike fossil fuels, these energy sources have a lower environmental effect.
Bhutan is located between India and China. It has invested in popular cryptocurrencies in recent years. Two government officials at Thimmu said that the profits of these investments helped pay public sector wages for two years.
Bhutan benefits from the electrical energy to extract green encryption
Ujjwal Deep Dahal, Source: LinkedIn
The sovereign wealth fund, which also oversees the interest of Bhutan’s only energy, began investing in cryptocurrencies in 2019. The CEO of Ujjwal Deep Dahal and Druk Holding and Investments Ltd said that the CEO that the Fund saw these assets as a strategic investment and a potential transformation point for the country.
Bhutan manages large computers using electrical energy to extract digital currencies. Officials evaluate whether international companies will be ready to buy these “green” currencies to meet environmental and social goals and governance (ESG).
While Bhutan expands the scope of green coding mining across hydroelectric energy, Russia has imposed a six -year ban on encryption mining in 10 regions starting from January 2025. This step, which aims to reduce fossil fuel consumption, seeks to maintain energy for the basic sectors, especially during the peak of demand in the winter.
Bhutan is a great example of how bitcoin mining, sustainability and social benefits are side by side. 🇧🇹
The small, non -coastal state in the Himalayas inhaled Bitcoin with excess water force now.
Instead of exporting excessive energy to India in … pic.twitter.com/sqiw4eils
Check a story about ESG trends and their impact on the CFD industry in Financemagnates.com: Profit and Planet: Forex brokers adopt sustainability amid $ 50 trillion ESG.
The youth’s exit affects Bhutan’s encryption ambitions
“Bitcoin has not only granted more hydroelectric energy, but also increased the access to liquidity in foreign currency,” said Duhal. He added that training youth in Blockchain and AI can create job opportunities.
The country, which has a population of about 800,000, suffers from youth exit. Government data shows that more than 10 % of young people left the country between 2022 and 2023. Youth unemployment rose to 16.5 % in 2024.
Analysts say that Bhutan’s plan becomes a center of green cryptocurrency mining depends on the expansion of electrical energy. The country currently has about 3.5 gigawatts in power, but has the ability to reach 33 GB.
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