Satellite Images Reveal Bhutan’s Hidden Bitcoin Mining Operations
Satellite images have uncovered Bhutan’s undisclosed state-owned Bitcoin (BTC) mining operations. The landlocked Himalayan nation has transformed itself into a crypto haven, allocating land, funding, and energy to these secret mining facilities to mitigate an impending economic crisis.
Bhutan’s Secret Mining Sites Unveiled
Forbes has identified four mining sites in Bhutan through satellite imagery and sources knowledgeable about the country’s crypto investments. These sites feature long rectangular mining units, data center cooling systems, and high-capacity power lines connecting hydroelectric plants to the mining facilities.
Facilities Concealed in Bhutan’s Landscapes
The pilot location for Bhutan’s Bitcoin mining endeavors is near Dochula Pass, concealed within miles of forest and hidden from casual observers. Another site is located near Trongsa, while a third is situated in the densely forested district of Dagana.
Failed Government Project Becomes Largest BTC Mining Facility
The largest mining facility in Bhutan is positioned on the site of a failed $1 billion government project called “Education City.” Historical satellite imagery reveals its construction began in December 2021. Bhutan’s sovereign investing arm confirmed the existence of these mines but declined to disclose their locations.
Bhutan’s Response to Economic Challenges
Bhutan’s interest in Bitcoin mining arose as a response to the economic challenges caused by the COVID-19 pandemic. With tourism revenues and hydropower exports severely impacted, the country sought alternative solutions. It engaged with bitcoin miners and suppliers in 2020, leading to a surge in power usage by the industry in 2022.
Bhutan’s Commitment to Blockchain-Based Solutions
Despite economic challenges, Bhutan remains committed to blockchain-based solutions. The country recently partnered with Singaporean Bitcoin mining giant Bitdeer for a 600 MW facility in the town of Gedu, aiming to create jobs and establish a new computing sector. Bhutan has also unveiled an experimental decentralized digital identity app.
Hot Take: Bhutan’s Hidden Bitcoin Mining Facilities
Satellite images have revealed Bhutan’s secret state-owned Bitcoin mining facilities, highlighting the country’s transformation into a crypto haven. These undisclosed mining sites, strategically located in forested areas, are equipped with advanced infrastructure and high-capacity power lines. Bhutan’s interest in Bitcoin mining emerged as a response to the economic challenges faced during the pandemic. Despite maintaining secrecy around the exact locations, Bhutan’s commitment to blockchain-based solutions is evident through its partnerships and experiments with digital identity apps. As the crypto industry continues to expand, countries like Bhutan are exploring new opportunities for economic growth and diversification.
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