The Kingdom of Bhutan continues to mine millions of dollars in bitcoin.

Bhutan is currently generating anywhere from 55 BTC ($3.6 million) to 75 BTC ($4.9 million) every week from its mining operations.

The government utilizes mining pools including AntPool, Braiins and Foundry, according to on-chain data via Arkham Intelligence. 

Bhutan operations are backed by access to cheap, clean hydropower, and by a reported $500 million closed-ended fund launched last May. The fund is in partnership with Bitmain spinoff Bitdeer, itself operated by Bitmain co-founder and former CEO Jihan Wu.

Read more: Bhutan’s investment arm invested millions in crypto, according to Celsius…

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