Oman is taking a monumental step forward in the world of digital currency and global finance with a major strategic collaboration with a leader in the industry based in Abu-Dhabi. With a whopping $300 million being put towards the development of a mammoth 150-megawatt crypto-currency mining farm, this visionary venture seeks to provide both partners with the necessary expertise needed to drive innovation in the mining sector. An additional $370 million has been allocated to the construction of a high-end installation within the Salalah Free Trade Zone, equipped with 15,000 mining rigs primed to be ready for use sometime in October.
This ambitious commitment significantly strengthens the position of Oman in the growing digital financial realms and speaks to the country’s aspirations to establish itself as an essential presence in the global crypto-currency mining landscape.
