Unveiling Bhutan's Hidden Bitcoin Mines
Bhutan, the Himalayan Kingdom, has secretly built its own bitcoin mining operation, with satellite imagery revealing the locations of the world's largest state-owned mines. The government of Bhutan, under the reign of Jigme Khesar Namgyel Wangchuck, has dedicated land, funding, and energy to these operations in an effort to avert an economic crisis. The sites of four mines have been identified, including one on the grounds of a failed $1 billion government project called "Education City." Bhutan's foray into bitcoin mining comes as the country faces rising youth unemployment, emigration, and a trade deficit. The government has not publicly disclosed the existence or scope of these facilities.