Bhutan Transfers $23M in BTC, Holdings Down 70% From Peak

The transfer is the latest in a series of movements from Bhutan's sovereign Bitcoin reserves this year.

• Bhutan has moved approximately $22.68 million worth of Bitcoin from its sovereign reserves, continuing a trend of asset outflows this year.
• The country's current Bitcoin holdings are down about 70% from their peak in October 2024, with significant amounts sent to addresses associated with potential sales.
• Speculation suggests Bhutan may have ceased its hydropower-backed Bitcoin mining operations, as inflows have not been recorded for over a year.

Topics: Asset types, Jurisdictions, Institutional adoption, Alternative assets, Emerging hubs, Sovereign adoption

Tags: #bhutan #bitcoin #btc #sovereignreserves #galaxydigital #okx #drukhldingandinvestments #hydropower #miningoperations #assetoutflows

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Bitcoin Mining Shifts Greener as Hydropower Overtakes Natural Gas, Cambridge Says

Cambridge says Bitcoin mining uses more electricity, but cleaner power is slowing emissions growth as hydropower overtakes natural gas.

• Bitcoin mining's electricity consumption is rising, but its carbon footprint is growing at a slower pace due to an increasing share of low-carbon energy sources, primarily hydropower.
• Hydropower has overtaken natural gas as the largest energy source for Bitcoin mining, contributing to a cleaner energy mix, though overall emissions are still increasing due to network activity.
• Many Bitcoin mining firms are exploring diversification into Artificial Intelligence (AI) and High-Performance Computing (HPC), driven by potential for broader revenue opportunities, despite high capital costs and infrastructure challenges.

Topics: Asset types, Blockchain usage, Sustainability greenfinance, Real assets, Ethereum evm l 1 s, Carbon credit tokenization

Tags: #bitcoinmining #hydropower #naturalgas #cambridgecentreforalternativefinance #electricityconsumption #carbonemissions #lowcarbonenergy #artificialintelligence #aihosting #ethiopia

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