Summary:
Oman’s Ministry of Transport, Communications, and Information Technology has opened a new data hosting and cryptocurrency mining center in the Salalah Free Zone, worth over $350 million. This is the second cryptocurrency mining center in Oman, following another announced in November 2022. The combined investment of $740 million aims to boost the local digital economy and create job opportunities. Exahertz International, the company behind the facilities, plans to expand the network of blockchain-based centers in Oman. The centers will use machines produced by Bitmain Technologies. Similarly, Kyrgyzstan has entered the crypto mining industry with a $20 million facility powered by a hydroelectric station.
Key Points:
– Oman has opened a new data hosting and cryptocurrency mining center worth over $350 million.
– This is the second cryptocurrency mining center in Oman, with a combined investment of $740 million.
– The project aims to boost Oman’s digital economy and create job opportunities.
– The facilities will use machines produced by Bitmain Technologies.
– Kyrgyzstan has also entered the crypto mining industry with a $20 million facility powered by a hydroelectric station.
Hot Take:
The opening of new cryptocurrency mining centers in Oman and Kyrgyzstan demonstrates the increasing global interest and investment in the crypto industry. These initiatives have the potential to stimulate economic growth, create job opportunities, and position these countries as significant players in the digital economy. However, concerns about the environmental impact and energy consumption of crypto mining should also be taken into consideration. Overall, this development highlights the growing influence of blockchain technology and its potential to shape the future of finance and technology.
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