Oman invests $350 million to launch a new cryptocurrency mining center, planning to install 15,000 Bitmain mining machines before October

ChainCatcher news, the Sultanate of Oman has launched a new cryptocurrency mining center worth $350 million, which is the second mining facility opened in the country in the past 10 months. Local company Exahertz will operate the center in collaboration with Dubai-based blockchain company Moonwalk Systems.

It is reported that the construction cost of the center is 135 million Omani rials (approximately $350 million), and it will use the latest hardware from Bitmain Technologies, with plans to install 15,000 machines by October 2023. Another mining center opened in November 2022, with an investment of 150 million Omani rials (approximately $389 million).