The Gulf country Oman has opened a data hosting and crypto mining center valued at RO 135 million (Omani Rial), more than $350 million.Â
According to a local news outlet Oman Daily Observer, this new center is located in the Salalah Free Zone, an economic zone with benefits to situated corporations. It is setted up by Dubai-headquartered company Exahertz International.
The project was launched by Oman’s Ministry of Transport, Communications, and Information Technology (MTCIT). It is the second major data and mining unit in the country.
Its mining facility currently operates with 2,000 machines as a pilot program and it is planned to set up 15,000 machines by October, 2023. The pilot phase is designed to test the environment around it and introduce modifications to enhance its performance along with sustainability.
An executive official of the project claims that it will bring the knowledge and know-how of blockchain technology into the country as the company is looking to educate and train locals into data center.
The inception of the crypto ecosystem in Oman is elevating as last month the Capital Market Authority of Oman released a consultation paper for Crypto framework.
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