Potan bending the electrical energy to extract bitcoin, explores the sale of “green” metal currencies – gray bitcoin trust (BTC) common units of useful useless interest (Arca: BTC)

Bhutan is considering using electrical energy resources Bitcoin BTC/USD Mining to stimulate its economy without prejudice to its environmental goals.

What happened: In an interview with Reuters on Tuesday, Ujjwal Deep DahalThe CEO of the sovereign wealth fund in Bhutan, Druk Holding and Investments Ltd.It revealed the nation’s intentions in Himalayas to mining green cryptocurrencies, referring to the coins produced using clean and renewable energy sources.

Duhal said that every digital currency was extracted in Bhutan using electrical energy effectively “removals” of a coin using fossil fuels.

See also: It is called by Cathy Wood the “Financial Services Revolution” after the ARK analyst dominated Defi highlighted the traditional banking system

Since 2019, the sovereign wealth fund, which controls the benefit of the only energy generation in Bhutan, has been integrating cryptocurrency in its wallet. As of writing this report, it has Bitcoin’s hidden value of more than $ 646, According to To the Blockchain analysis platform ArkhamThis makes it more pregnant than Salvador.

The report indicated that the Bootting officials were also considering the possibility of large blocs purchasing the “green” Bhdan currencies to meet environmental and social standards and governance.

Regardless of cryptocurrency mining, Dahal stressed that the Blockchain youth training and artificial intelligence technology may enhance job growth in the country.

It is worth noting that Bhutan recorded a 19 % youth unemployment rate in 2024, an increase of 15.9 % in 2023, according to government statistics.

Why do it matterSenior officials in the Bhutan government supported bitcoin mining, which works with water energy as a viable and environmentally friendly project.

Prime Minister Bhutan Tshering Tobgay I consider it a “simple strategic choice”, “ Creating billion dollars revenue.

Earlier January, A private administrative area In the country, it announced that it will keep a multi -currency strategic reserve, consisting of bitcoin, ethereum Eth/USDAnd Solana Sol/USDTo enhance its economic flexibility.

Price: At the time of writing this report, Bitcoin was the exchange of hands at 84,390.03 dollars, an increase of 1.16 % in the past 24 hours, according to what it said. Data from Benzinga Pro.

Read the following:

Photo courtesy: Framalicious on Shutterstock.com

Slip: This content was partially produced with the help of Benzinga Neuro It was reviewed and published by Benzinga editors.