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Bitcoin News

Crypto Investor Shares Rare Glimpse of Bitcoin Mining in Bhutan

Written By Rajpalsinh
Fact Checked by Vaibhav Jha
Published September 27, 2024 12:31 PM·Updated 2 years ago
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Crypto Investor Shares Rare Glimpse of Bitcoin Mining in Bhutan

In the latest video posted on ‘X’, Alex v. Frankenberg, a renowned crypto investor, shared rare footage of Bitcoin Mining in the dense jungles of Bhutan, a hermit kingdom located in the Himalayas. Bhutan is one of the leading nations in the world engaged in Bitcoin mining, however, not much is known about the heavily state-sponsored mining operations.

In the video, Frankenberg urges viewers to listen to the sound of Bitcoin mining rigs, coming from large mining facilities in the hilly regions. The video by Frankenberg gives us a never before seen footage of crypto mining in Bhutan.

#Bitcoin mining in Bhutan. Listen. pic.twitter.com/iOqRCsap4F

— Alex v. Frankenberg (Hodltrainer) (@Justdoitalex) September 27, 2024

Bhutan, known for its peace and harmony with the world, is clearly embracing crypto innovation and capitalizing on it, as the video shows.

Surprisingly, Frankenberg also informed while replying to his followers that the Bitcoin mining facility in Bhutan is powered entirely by renewable energy from hydropower. He also informed followers that tourists are not allowed to visit near the facility.

While major nations like the U.S., China, and the U.K. are still debating how to integrate crypto innovations, smaller nations like Bhutan and El Salvador are leaving no stone unturned in embracing their potential.

Recently, Bhutan became the fourth-largest holder of Bitcoin, with a total of 13,011 BTC in its reserves, surpassing El Salvador, which holds 5,800 BTC as of August.

Also Read: Bhutan’s Secret Ousted: Mining Bitcoin With Hydropower Since 2017

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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