The Kingdom of Bhutan may have stopped Bitcoin mining activities and turned to selling electricity to neighboring India
By: rootdata|2026/04/11 15:06:25
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According to CoinDesk, after selling 70% of its btc-42">Bitcoin holdings, there are reports that the Kingdom of Bhutan may have stopped or slowed down its Bitcoin mining activities, in stark contrast to the actions of other major institutions and sovereign nations that are increasing their holdings in cryptocurrencies and gold (El Salvador's current Bitcoin holdings have exceeded 7,618 coins).
It is reported that due to economic pressure, its hydropower is currently used more for selling electricity to neighboring India rather than for Bitcoin mining. Additionally, the decline in Bitcoin prices, the increase in network difficulty, and halving pressure are all squeezing the profit margins for mining.
As of now, the national sovereign wealth fund managing Bhutan's Bitcoin assets, Druk Holding and Investments, has not publicly commented on the status of fund transfers or its mining operations.
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