In today’s fiercely competitive digital currency market, the cooperation between Bhutan’s sovereign fund and BitDeer is truly eye-catching. This new partnership aims to establish a $500 million cryptocurrency mining fund to inject new vitality and innovation into the crypto world. The news quickly spread around the world and became the focus of attention in the industry. Next, let’s delve deeper into this compelling collaboration and reveal the deeper meaning behind it.

The sovereign fund of Bhutan has cooperated with BitDeer to establish a US$500 million cryptocurrency mining fund. This move is not only a major investment in the digital currency field, but also a strategic plan for future development. There is profound business wisdom and forward-looking thinking behind this cooperation, which is worthy of our in-depth exploration.

First of all, as a small country, Bhutan’s sovereign fund’s generous moves in the field of digital currency are really eye-catching. This cooperation will bring more investment opportunities to Bhutan and will also promote the development of the local economy. As a well-known cryptocurrency company, BitDeer’s technical strength and market influence will inject strong impetus into this cooperation. I believe that the future development prospects will be exciting.

Secondly, the US$500 million cryptocurrency mining fund will inject new vitality into the digital currency field. As the cryptocurrency market continues to develop and expand, the establishment of this fund will provide financial support for more innovative projects and promote further development of the industry. At the same time, this will also attract the attention of more investors and inject confidence and vitality into the digital currency market.

In addition, the cooperation between the Bhutanese sovereign fund and BitDeer will also provide more opportunities for research and innovation in cryptocurrency mining technology. Through financial support and resource integration, this cooperation will promote the continuous progress of cryptocurrency technology and inject new impetus into the development of the industry. It is foreseeable that this cooperation will play an important role in the future digital currency market and lead the development direction of the industry.

In general, the cooperation between the Bhutanese sovereign fund and BitDeer to establish a US$500 million cryptocurrency mining fund is not only a major investment in the digital currency field, but also a strategic plan for future development. This cooperation will bring more investment opportunities to Bhutan and promote the development of the local economy. It will also inject new vitality and innovation into the digital currency market. I believe that with the deepening of this cooperation, the future of the digital currency field will be brighter and more brilliant.

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Coin Circle (120Btc.com) News: Bitdeer, a well-known mining machine sharing service platform, has repeatedly reported good news recently. After being listed on Nasdaq in the middle of last month, it was reported by Bloomberg today (3rd) that Bitdeer has With Bhutan’s sovereign wealth fund Drug
Holding & Investments has reached a cooperation and will jointly establish a US$500 million cryptocurrency mining fund to develop green cryptocurrency mining business, with the goal of leveraging Bhutan's abundant hydropower advantages to achieve carbon-free mining.

 Bhutan Sovereign Fund: Give priority to mining Bitcoin

Ujjwal Deep, CEO of sovereign fund Druk Holding & Investments
Dahal, in an interview, said that mining is the least risky way for Bhutan to utilize cryptocurrencies, and that the country will currently focus on Bitcoin. Dahal said: For us, it is important to focus on low-volume, high-value assets or digital assets. And try to enable us to remain competitive globally over time and drive our economy.

Reports yesterday (2nd) also mentioned that Druk, Bhutan’s sovereign fund
Holdings & Investments was revealed by Forbes to have quietly invested tens of millions of dollars in digital assets such as Bitcoin and Ethereum, and even entered the field of Bitcoin mining as early as when Bitcoin was worth about US$5,000.

 BitDeer expects to build 100 MW mining operation in Bhutan

In addition to its $500 million cryptocurrency mining fund, BitDeer expects to build a 100-megawatt operation in Bhutan, with a construction schedule scheduled to be completed between July and September, according to a regulatory filing.

It is worth noting that Bhutan is known as "the happiest country in the world" because it has achieved national peace and prosperity and is relatively stable economically and politically; however, its investment part is involved in relatively unstable and high-risk cryptocurrencies. It really surprised many people.