Green Data City Partners with Phoenix Group to Launch $300 Million Eco-Friendly Crypto-Mining Farm in Oman
Green Data City, an innovative project in Oman, has partnered with Phoenix Group to launch a $300 million crypto-mining farm in Oman. The mining facility, located in the Green Data City, will have a capacity of 150MW and is expected to be operational by Q2 2024. This collaboration aims to bolster Oman’s status as a hub for data centers and crypto-mining operations.
Key points:
1. Oman’s temperate climate, especially in the Dhofar Governorate, reduces the energy required for cooling the mining farm, making it more sustainable.
2. The mining facility will utilize modular methods and renewable energy sources like solar shades to minimize ecological impact.
3. Local talents will be leveraged for the mining operations, promoting social responsibility and environmental consciousness.
4. Universities in Oman will collaborate with the project, providing students with hands-on experience in mining operations.
5. This initiative comes after Oman’s recent introduction of a crypto-mining center in the Salalah Free Zone, attracting investments of $370 million.
Hot Take
The partnership between Green Data City and Phoenix Group to establish an eco-friendly crypto-mining farm in Oman is a significant step towards sustainable mining practices. By leveraging Oman’s climate advantages and promoting local talent, the project showcases the nation’s commitment to responsible crypto-mining. As other countries crack down on mining activities, Oman is positioning itself as a pioneer in the field, attracting investments and fostering educational opportunities.
By
By
By
By
By