Just food for thought!!!

Why not setup in Bhutan :

Electricity: Price is cheapest compared to rest of the world. INR 2-3 per Kw
Climate: Northern part of Bhutan relatively colder and does not require extensive cooling (minimal additional electricity requirement).
Internet: Reasonably cheap. 1MB lease line cost INR 6,000 and is quite stable. Alternative ISP is available in emergency.
Political stability: There is no political unrest therefore disruption of both electricity and internet (backbone of mining) is minimal.

Just saying...