At the time, the partners announced plans to use the Kingdom of Bhutan's abundant hydropower to support the mining of key decentralized financial assets (DeFi), and Kong said the fund is expected to close by July this year.
Meanwhile, DHI CEO Ujjwal Deep Dahal said the capital increase "relies on Bitdeer's state-of-the-art hardware, reduces costs and ... , increases computing power," he said.
Recall that the impending halving of the largest #cryptocurrency asset by market capitalization is part of an algorithm that cuts the reward for #mining in half about every four years, with the ultimate goal of limiting the total number of bitcoins to 21 million.
Institutional investors, who are also expected to halve their mining rewards, are gradually building up their positions in Marathon Digital Holdings, the world's largest listed #bitcoin miner. According to Finbold's March 24 filing, just five companies hold 22% of the shares.
Meanwhile, the complexity of bitcoin mining - the amount of computing power required to add new blocks to the chain - recently hit a record high, driving up the cost of computing and to some extent offsetting the benefit of recent price increases.
Indeed, according to Finbold's latest pricing information on April 5, bitcoin was trading at $66,519 at the time of publication, showing a slight decline of 0.01% on the daily chart.
It is also worth noting that many cryptocurrency analysts are offering #BTC price forecasts ranging from $100,000 this year to $1 million in 2025, driven by the impact of bitcoin halving in 2024. However, you should do your own research before investing significant sums in this asset.
Read us at: Compass Investments
