Odaily Planet Daily News Abu Dhabi Phoenix Group and Green Data City, Oman's first licensed encryption mining company, reached a deal worth $300 million on August 23 to develop a 150-megawatt encryption mine in Oman . The mine, which will be fully operational in the second quarter of next year, will be one of the largest cryptocurrency mining data centers in the region. (The National)
On August 22, Oman Observer reported that a data hosting and cryptocurrency mining center was inaugurated in the Salalah Free Zone, a special economic zone in the country with almost no corporate taxes. Local firm Exahertz International will operate the center in partnership with Dubai-based blockchain firm Moonwalk International.
The center will cost $370 million to build and will use Bitmain's latest mining machines, with 15,000 mining machines to be installed by October 2023. Currently, the project is in the pilot phase with 2,000 mining machines running online and consuming 11 megawatts of electricity.