'Size does not matter': Bhutan’s tiny sovereign wealth fund banks on green energ

Bhutan's sovereign wealth fund, Druk Holdings and Investments (DHI), is using its small size and the country's cheap hydropower to pursue green energy, crypto mining and new industries, according to CEO Ujjwal Deep Dahal. DHI has around $3 billion in assets under management and stakes in 24 Bhutanese companies, far smaller than Singapore's Temasek at $300 billion. Dahal says the country can test technologies such as pumped storage and hydrogen power before taking them global or regional. The country has 2.5 gigawatts of capacity and 3 gigawatts under construction, and Bhutan is one of the world's largest sovereign Bitcoin holders.