Bhutan’s DHI and Bitdeer to raise $500M to develop sustainable | DeCenter – Blockchain and Bitcoin

Bhutan’s DHI and Bitdeer to raise $500M to develop sustainable mining operations

Nasdaq-listed mining company Bitdeer Technologies Group and Bhutan’s sovereign investment arm Druk Holding and Investments (DHI) have teamed up to create eco-friendly and carbon-free digital asset mining operations in the Kingdom of Bhutan.

In an announcement sent to Cointelegraph, Bitdeer and DHI said they would launch the partnership by creating a closed-end fund with an approximate value of $500 million. The firms aim to start their fundraising efforts at the end of May to attract investments from around the world.

The partnership is expected to create employment opportunities in various fields, including engineering, project management, and supervisory and supportive roles. Moreover, it is expected to stimulate economic growth and generate revenue in foreign currency for the local community and the country.

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