Bitdeer expands to Bhutan, expects to raise $500M

Bitcoin (BTC) miner Bitdeer has partnered with Bhutan’s state-owned investment company Druk Holding and Investments (DHI), to build carbon-free digital asset mining operations in the Kingdom of Bhutan.

According to a May 3 statement, the partnership would be established with a closed-end fund valued at $500 million. Fundraising for this fund will begin by May ending, and it is expected to attract interest from the international community.