Similarly, the DHI CEO told BBS that the first Bitcoin mining data centre, which was established as a partnership between DHI and the Bitdeer Technologies Group, will start operations by the end of the month. The 100-megawatt mining data centre is in Gedu in Chhukha. The CEO said Gedu was chosen given its cold climate and proximity to a powerhouse.
The partnership with Bitdeer Technologies Group was announced in early May this year. The partnership is looking at raising 500 million US dollars in international investments to set up digital assets data mining centres in the country.
The first of a few data mining centre in Gedu has been established and computer systems are being installed to start operation by the end of the month.
“We feel that this is a very strategic move in terms of how we utilize our resources, but also be very in a very balanced portfolio, step into the digital asset area with a strategic partner which is globally renowned,” said Ujjwal Deep Dahal, Chief Executive Officer of Druk Holding and Investments.
In terms of the growing concerns of high energy consumption of the data centres, the DHI CEO said that the centres will use green energy in hydroelectricity.
The works are ongoing for the construction of remaining data mining centres in the country.
“We are looking to design and see how we can raise financing for the remaining 500 megawatts. So, as we talk, we are designing and seeing the potential, but from the technical side as well as the financing side, to see how this second phase of the 500 megawatts can come into fruition.”
As for risks involved in mining digital assets, the CEO said the least risk area of crypto asset business is mining. He added that the DHI’s investment portfolio is balanced, and its crypto mining operations has proper risk management strategies.
Sherub Dorji
