Bhutanese investment firm DHI plans to enhance BTC mining capacity with Bitdeer to offset the halving impact
2024-04-05 13:43:08
On April 5th, it was announced that the Kingdom of Bhutan's sovereign investment firm Druk Holding and Investments (DHI) and Nasdaq listed company Bitdeer will increase BTC mining capacity by increasing mining project capacity six times before halving to offset the potential impact of reduced mining rewards after Bitcoin halving. The Chief Business Officer of Bitdeer stated that the planned upgrade will increase mining capacity by 500 megawatts by the first half of 2025, and the funds required to introduce new hardware for the upgrade will be withdrawn from the $500 million fund announced by the two companies last year.
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