Bhutan's Sovereign Wealth Fund Pursues Unique Strategy with Green Energy and Bitcoin

According to PANews, Bhutan's sovereign wealth fund, Druk Holdings & Investments (DHI), is leveraging a distinctive strategy that combines green energy and Bitcoin to create a competitive edge. In an interview with Fortune magazine, DHI CEO Ujjwal Deep Dahal highlighted that despite managing assets of only $3 billion, which is just 1% of Singapore's Temasek, the fund is capitalizing on Bhutan's abundant hydropower resources for Bitcoin mining. Bhutan began its Bitcoin mining operations in 2019 when the price was below $10,000, and it has since approached $100,000. DHI is also investing in a 2.5-gigawatt hydropower plant and an accompanying data center to support the government's planned 'Gelephu Mindful Economic Zone.' This initiative underscores Bhutan's commitment to integrating sustainable energy solutions with digital currency investments, aiming to foster economic growth and innovation.