Oman’s authorities have opened the second cryptocurrency mining centre in ten months. The Oman Daily Observer reports.
The complex is being built as part of an initiative to accelerate the digitalisation of Oman’s economy, which is heavily dependent on oil exports.
The centre is based in Salalah — a special economic zone with low corporate taxes.
The centre will be managed by Exahertz, in collaboration with Moonwalk Systems, headquartered in Dubai.
The construction of the centre cost OMR 135 million (~$350 million). The mining will be carried out using the latest Bitmain miners. By October, the fleet is planned to reach 15,000 devices.
Another mining centre, valued at 150 million OMR (~$389 million), was opened in November 2022.
In February 2023, Oman’s financial regulator stated plans to create a regulatory framework for the digital assets industry.
In autumn 2022, Chainalysis named the Middle East and North Africa region the most dynamic crypto market.