Bitdeer, a cryptocurrency mining company listed on the Nasdaq stock exchange, has partnered with Druk Holding & Investments (DHI), the commercial arm of the Royal Government of Bhutan. The partnership is led by Jihan Wu, the former CEO of Bitmain Technologies.
The partnership will see Bitdeer and DHI collaborate on the development of sustainable digital asset mining operations in Bhutan. Bitdeer will provide its expertise and resources, while DHI will provide access to Bhutan’s renewable energy resources.
The partnership is a significant development for the cryptocurrency industry, as it shows that the industry is committed to sustainability. Bhutan is a carbon-neutral country, and its renewable energy resources make it an ideal location for cryptocurrency mining.
Bitdeer, a Singapore-based cryptocurrency mining company, went public last month on the Nasdaq stock exchange. The company was formed through a merger with Blue Safari Group, a special purpose acquisition company (SPAC). Bitdeer already has cryptocurrency mining data centers in the U.S. and Norway.
The company’s IPO was valued at $1.18 billion. Bitdeer is one of the largest cryptocurrency mining companies in the world. It mines Bitcoin and other cryptocurrencies using a fleet of high-powered computers. The company’s revenue has grown rapidly in recent years, and it is expected to continue to grow in the future.
Bitdeer’s IPO is a sign of the growing popularity of cryptocurrency mining. The company’s success could encourage other companies to enter the cryptocurrency mining market.