Crypto Mining, Data Centres and Green Compute Projects in GMC: Legal Advisory

A compute project in the Gelephu Mindfulness City is four legal projects at once: a site and power arrangement, a customs entry for the hardware, a tax structure that decides whether mined coins are stock or treasury, and a licensing analysis that keeps the operation outside the financial services perimeter. Basnet Law Pte. Ltd., the first law firm incorporated in the Gelephu Mindfulness City, advises miners, data centre developers and digital asset treasuries on all four.

Writing the perimeter memorandum that keeps own-account mining and coin sales outside GFSO licensing, and identifying where hosting, pooling or client staking would cross it.

Separating the operating company from the treasury company so that mined coins are classified as trading stock or capital assets deliberately.

Advising on site leases and on the lease and power terms as a complete code.

Advising on customs entry for rigs and servers: classification, duty orders, exemption directions and declarations.

Advising on incorporation requirements, the resident director and work passes for foreign engineers.

Drafting hosting, colocation and power supply contracts and the board treasury policy auditors will test.

Bitcoin and proof-of-work miners seeking hydropower-backed capacity. Data centre and high-performance computing developers. Hosting and colocation operators paid in tokens. Corporate treasuries and family offices holding digital assets through a GMC company.