<ul><li>Bhutan and Bitdeer plan to launch a $500 million fund to develop green crypto mining in the Himalayan kingdom using hydroelectric power.</li><li>The fund aims to set up carbon-free digital mining and will begin seeking institutional investors at the end of May.</li><li>The CEO of Bhutan’s investment arm, Druk Holding &amp; Investments, says that for now, the focus will be on Bitcoin, as it is the least risky way for Bhutan to tap into crypto opportunities.</li><li>Singapore-based Bitdeer, one of the top crypto miners by computer power, plans to set up a 100-megawatt operation in Bhutan, with construction slated to start in Q2 2023.</li></ul>

Bhutan plans a $500 million fund for eco-friendly cryptocurrency mining in Himalayas

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