The Southeast Asian kingdom of Bhutan has reportedly set in motion a plan to develop a 600-megawatt bitcoin mining farm with the Bitdeer Technologies Group. According to a Nikkei Asia report, Bitdeer, which is tasked with raising $500 million in capital from global investors, has already confirmed the commencement of the capital-raising drive. Ujjwal Deep Dahal, the CEO of Druk Holding and Investments, is quoted in the report explaining why Bhutan is suitable for Bitcoin mining.