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 <p><span style="font-weight: 400;">Despite its conservative nature, Oman’s rigorous regulatory discussions have concluded that Bitcoin aligns with Islamic law, merging modern innovation with deep-rooted traditions.</span></p>  
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 <h2 id="b-economic-diversification-and-job-creation-b"><b>Economic Diversification and Job Creation</b></h2> 
 <p><span style="font-weight: 400;">As per the Forbes, among the </span><span style="font-weight: 400;">Gulf</span><span style="font-weight: 400;"> Cooperation Council countries, Oman has the lowest GDP. Yet, there’s a silver lining: about 24% of Omani graduates hold degrees in computer science. However, a mere 5% land jobs in their field.&nbsp;</span></p>  
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 <p><span style="font-weight: 400;">This investment in <a rel="noopener noreferrer nofollow" title="Bitcoin mining" href="https://thebittimes.com/tag/bitcoin-mining.html">Bitcoin mining</a> infrastructure aims to provide ample employment opportunities for these tech-savvy graduates. Exahertz, an Omani startup, has been at the forefront of this digital transformation. With plans to establish a pilot <a rel="noopener noreferrer nofollow" title="Bitcoin mining" href="https://thebittimes.com/tag/bitcoin-mining.html">Bitcoin mining</a> site with an 11 MW capacity and ambitions to expand to 800 MW, the nation’s technological landscape is set to experience a paradigm shift.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">JUST IN: 🇴🇲 Oman’s #<a rel="noopener noreferrer nofollow" title="Bitcoin mining" href="https://thebittimes.com/tag/bitcoin-mining.html">Bitcoin mining</a> facility will grow to 800 MW and use gas from oil fields that is usually flared – Forbes</p>  
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  <p>— Bitcoin Archive (@BTC_Archive) August 24, 2023</p> 
 </blockquote> 
 <p></p> 
 <h2 id="b-oman-s-growing-bitcoin-mining-facilities-b"><b>Oman’s Growing Bitcoin Mining Facilities</b></h2> 
 <p><span style="font-weight: 400;">Further, according to </span><span style="font-weight: 400;">Coingape</span><span style="font-weight: 400;">, the Salalah Free Zone recently saw the launch of a $350 million data hosting and crypto mining facility. Renowned for its low corporate taxes, this region already boasts a thriving data hosting sector. This recent addition marks the second significant mining facility to be established in Oman within a span of ten months. Together, these centers are valued at a whopping $740.4 million.</span></p> 
 <p><span style="font-weight: 400;">Oman’s strategic $1.1 billion investment in <a rel="noopener noreferrer nofollow" title="Bitcoin mining" href="https://thebittimes.com/tag/bitcoin-mining.html">Bitcoin mining</a> infrastructure exemplifies its forward-thinking vision and commitment to diversifying its economy. While the nation has always been a blend of tradition and modernity, this move into the realm of cryptocurrency further cements its place on the global stage.&nbsp;</span></p> 
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Just-In: Oman Unveils $1.1 Billion Investment in Bitcoin Mining

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