According to TechFlow, the Kingdom of Bhutan is actively mining Bitcoin, producing 55 to 75 Bitcoins per week, worth approximately US$3.6 million to US$4.9 million.
Bhutan uses mining pools such as AntPool for mining, with the advantage of cheap and clean hydropower resources and $500 million in fund support. Bhutan's sovereign holding company Druk Holdings has mined about 27,727 BTC ($1.36 billion) since it entered the cryptocurrency industry in February 2021.
Bhutan conducted over $800 million in cryptocurrency transactions with multiple lending platforms between 2021 and 2022. Currently, Bhutan holds 13,119 BTC ($860.4 million), nearly half of its total.
Since June this year, Druk has deposited Bitcoin to exchanges every month, totaling 1,358.64 BTC (about $90 million), which exceeds the mining output during the same period.
