Druk Holding and Investments (DHI), the investment arm of the Kingdom of Bhutan, has partnered with Bitdeer.
Nasdaq-listed mining company Bitdeer and DHI have teamed up to create eco-friendly and carbon-free crypto mining operations in the Kingdom of Bhutan. According to the announcement, Bitdeer and DHI will create a closed-end fund worth approximately $500 million in this context.
Work will start in May
The companies aim to start fundraising at the end of May to attract investments from around the world.
Bitdeer Chairman Jihan Wu expressed his excitement to cooperate with Druk Holding and Investments. Wu said they will work with DHI to support blockchain technologies that will form an unalterable foundation for a universal store of value. Wu added that the fund will provide a platform to develop international stakeholder networks that will contribute to Bhutan’s technology sector.
DHI CEO Ujjwal Deep Dahal stated that DHI’s aim is to improve the lives of Bhutanese and he believes the partnership with Bitdeer is a step towards a more sustainable local economy.
The partnership is intended to offer employment opportunities in a variety of fields, including engineering, project management, supervisory and supporting roles. However, this partnership is expected to stimulate economic growth and generate foreign currency income for the local community and country.
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