Hut 8 and BITMAIN's Strategic Leap in Bitcoin Mining
The renowned North American Bitcoin mining giant, Hut 8 Corp., has announced a significant expansion of its partnership with the leading digital currency mining server manufacturer, BITMAIN Technologies Ltd. According to Wallstreet:Online, this collaboration will see the launch of the U3S21EXPH ASIC miner, which is set to revolutionize Bitcoin mining through direct liquid-to-chip cooling technology within a new form factor. This innovative model promises an impressive efficiency rate and marks a pivotal milestone for both companies as they aim to enhance their capabilities in AI compute alongside traditional Bitcoin operations.
Bhutan Surpasses El Salvador in Bitcoin Holdings
A recent report from Blockzeit DE reveals that Bhutan now holds more bitcoins than El Salvador, boasting reserves valued at approximately $788 million. The small Himalayan kingdom achieved this feat primarily through state-backed Bitcoin mining initiatives powered by renewable energy sources like wind and hydropower. These efforts have propelled Bhutan into becoming one of the largest government holders of cryptocurrency globally, showcasing its strategic move towards economic diversification via blockchain technologies.
Bhutan's Secretive Crypto Strategy Unveiled
Finanzen.net highlights how Bhutan’s substantial investment in cryptocurrencies was brought to light by Arkham Intelligence. With over $780 million worth of BTC amassed largely from dedicated mining facilities rather than asset seizures—a common practice among other nations—Bhutan stands out on Arkham’s list as having one of the most considerable governmental crypto holdings worldwide. Such developments underscore growing global interest among states exploring digital currencies' potential benefits.
The Happy Kingdom Hodls More Than Expected
An article from BTC-ECHO reports that Bhutan has quietly become a major player in the world’s cryptocurrency landscape with massive investments into green-powered Bitcoin mining since early 2023. As per data shared by Arkham Intelligence, these activities place it ahead even when compared against countries traditionally seen as leaders such as El Salvador when considering total BTC held under sovereign control; further emphasizing how smaller economies are leveraging technological advancements toward achieving broader fiscal goals amidst evolving market dynamics.
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