Oman to Accelerate Economic Growth with Data Mining
A new data hosting and crypto mining facility worth $350 million has been launched in the Salalah Free Zone of Oman. This is the second mining facility to come to Oman within the last ten months. The country is known for its low corporate taxes and has a thriving data hosting and processing sector.
Key Points:
- The new facility has a combined value of $740.4 million when combined with the previously existing center.
- Eng Said Hamoud al Maawali, from the Ministry of Transport, Communications and Information Technology (MTCIT), believes the facility will accelerate the growth of Oman’s digital economy and create new opportunities for Omanis.
- The Afaaq for Advanced Technologies data hosting and crypto mining center will be operated by Exahertz International in collaboration with Moonwalk System.
- The center will use the latest hardware from Bitmain Technologies and is expected to have 15,000 machines running by October 2023.
- Oman aims to position itself as a leading hub for data mining and processing, while crypto mining is also expanding in the Middle East region.
Closing Thoughts
Oman’s new data hosting and crypto mining facility is a significant investment that will contribute to the country’s economic growth. By creating new job opportunities and positioning itself as a data mining hub, Oman is taking steps towards becoming a leader in the digital economy. The expansion of crypto mining in the Middle East is a promising sign of the region’s increasing involvement in the cryptocurrency industry.
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