BitDeer, under the leadership of Wu Jihan, has completed the construction of a mining facility in Bhutan. As of the end of July, approximately 23,000 newly purchased mining machines have arrived at the Bhutan mining site. However, they have not been powered up yet and are undergoing power testing. These new machines are expected to provide a hash rate of about 2.5 EH/s.
Earlier, BitDeer announced its collaboration with the Bhutanese government to establish cryptocurrency mining operations in this Southeast Asian country. Bhutan has been utilizing its significant hydroelectric power potential for Bitcoin mining operations. Bhutanese officials previously revealed that their Bitcoin mining activities began in April 2019, when the price of Bitcoin was around $5,000.
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