Nation States Mining Bitcoin | Crypto Daily Digest Aug. 29

TI Research

One notable bullish trend has been the active involvement of nation states in the bitcoin mining industry

In recent years, one notable bullish trend has been the active involvement of nation states in the bitcoin mining industry.

During the earlier this year, it came to light that the Kingdom of Bhutan has been utilizing surplus hydroelectric energy for bitcoin mining since 2020, and they have ambitious plans for further expansion in collaboration with Bitdeer in the upcoming years.

BitDeer Completes Mining Facility Construction in Bhutan

It has become evident that Russia is engaged in bitcoin mining through a partnership announced last summer between the state-owned energy company Gazprom and BitRiver.

In the spring of this year, it was announced that Marathon Digital has joined forces with the UAE to extend their operations to Abu Dhabi.

Adding to this trend, just last week, Oman made an official announcement endorsing Exahertz, an Omani bitcoin mining company, and pledged a $1.1 billion investment to support their expansion by 800 megawatts.

Oman Announced $800M Investment in Crypto Mining

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