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  "map_content": "The Kingdom of Bhutan is an interesting consideration \r\n\r\nBhutan has significantly reduced its Bitcoin reserves, selling approximately 70% of its holdings since October 2024 to fund national development, specifically the Gelephu Mindfulness City megaproject.\r\n\r\nBhutan appears to have halted or slowed its hydropower-backed Bitcoin mining operations, as no significant mining inflows have been recorded in over a year.\r\n\r\nMid-2023: The initial 100 MW facility in Gedu came online with 30,000 miners, contributing approximately 3.3 EH/s.\r\n\r\nAt its peak in late 2024, Bhutan operated with a planned mining capacity of 600 MW (megawatts) in partnership with Bitdeer.\r\nWhile the exact hashrate at this specific peak capacity was not fully realized before operations halted, the infrastructure was designed to support a hashrate estimated between 40\u201360 EH/s\r\n\r\nLate 2024: Mining output had already begun to decline due to the Bitcoin halving and rising difficulty, dropping from a high of ~780 BTC/month in early 2023 to ~260 BTC/month by October 2024.\r\n\r\nThe kingdom has since ceased significant mining inflows, shifting its focus entirely to liquidating its accumulated reserves of ~13,000 BTC\r\n\r\nBhutan officially started its state-backed Bitcoin mining operations in April 2019, when the cryptocurrency was trading at approximately $5,000.\r\n\r\nThe initiative was launched by Druk Holding and Investments (DHI), the country\u2019s sovereign wealth fund, which confirmed to local media that it \"entered the mining space\" during this period to monetize surplus hydroelectric energy that would otherwise go unused or be sold cheaply to India.\r\n\r\nIf The Kingdom of Bhutan were accumulating BSV with the intention of mining BSV and attacking the BTC MCAP that would be quite a story",
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