Bhutan is quietly building a low-carbon Bitcoin economy using hydropower, sovereign capital and clear regulatory guardrails.
Bhutan is using surplus, carbon-free hydropower to mine Bitcoin, converting excess electricity into a liquid digital export rather than curtailing generation.
Mining and custody are handled by the sovereign investment arm, Druk Holding and Investments (DHI), and confined to designated jurisdictions, limiting retail exposure.
Officials describe mined Bitcoin as a foreign-currency liquidity buffer that has already supported government finances.
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