Bhutanese investment institution DHI plans to work with Bitdeer to increase BTC mining capacity to offset the impact of halving

Druk Holding and Investments (DHI), the sovereign investment institution of the Kingdom of Bhutan, and Nasdaq-listed Bitdeer announced that they will increase BTC mining capacity and increase the capacity of mining projects sixfold before the halving to offset the potential impact of reduced mining rewards after the Bitcoin halving. Bitdeer's chief business officer said that the planned upgrade will increase mining capacity by 500 megawatts by the first half of 2025, and the funds required for the upgrade to introduce new hardware will be drawn from the $500 million fund announced by the two companies last year. (Cointelgraph)