Bitcoin

The GCC region is rapidly positioning itself as a leader in sustainable Bitcoin mining, with the UAE and Oman at the forefront. The UAE alone accounts for 400 megawatts of Bitcoin mining capacity, representing approximately 4% of the global Bitcoin mining <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a>. Meanwhile, the Oman government has made a significant commitment to the industry by investing over $800 million in crypto-mining operations.
These investments highlight the region's dedication to advancing its green energy initiatives, which are becoming increasingly critical as Bitcoin mining faces scrutiny for its environmental impact. Globally, more than 55% of Bitcoin mining operations are now powered by renewable energy sources, including hydroelectricity, wind, and captured methane gas. This shift towards sustainability is not just a trend but a long-term strategy, as the declining costs of renewable energy make it an attractive option for miners worldwide.
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Oman and UAE: Pioneers in Sustainable Bitcoin Mining

Ultramining_Eng

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