Bhutan state company Druk Holding confessed to secret bitcoin mining
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Bhutan's largest state-owned company, Druk Holding and Investments, has been mining bitcoin for several years to diversify its investment portfolio. The company uses surplus hydroelectric power for mining and covers its operating costs by selling bitcoins. DHI does not consider crypto-assets to be risky because it does not directly buy them. The CEO said mining is related to the company's strategic development, not a fear of missing out on the benefits of the technology. The mining allowed the company to repay all loans taken from BlockFi and Celsius platforms.
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