Recovered historical source
Bhutan PM Says Bitcoin Mining ‘Simple Strategic Choice’ For Governments, Himalayan Kingdom Uses Crypto To Reduce Brain-Drain From Civil Services
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Capture date21 April 2025
Restored in this edition16 October 2026
Transcript scopeCaptured syndicated brief; not the full external publisher article · 125 source words
Historical source transcript, not current reporting, legal guidance, a verified incident finding or a product recommendation. Dates printed by the source are shown as printed metadata; capture dates describe the saved version. Old forecasts, commercial claims, quotations and technical assertions are retained as source statements, not adopted as present findings. Advertising, forms, referrals and transactions are not activated. A captured article region may be a syndicated excerpt rather than the complete original publisher article. Inspect the archived version ↗
Bhutan’s prime minister backed government involvement in Bitcoin (CRYPTO: BTC) mining, stating that it could be a strategic decision with potential billion-dollar returns, according to a media report on Monday.
What Happened: During an interview with Al Jazeera, Tshering Tobgay revealed that the utilization of the country’s excess hydropower energy during the summer months for Bitcoin mining made “tremendous sense.”
“It’s just a simple strategic choice that many people have made and earned billions of dollars, and I think governments should do it,” Tobgay added, emphasizing the potential of Bitcoin as an economic resource.
Citing analysts, the report noted that Bitcoin mining was one of the few industries that could allow Bhutan to grow its economy while aligning with …
Full story available on Benzinga.com
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