These are the only companies that have licenses to develop technologies, operate mining equipment and conduct transactions with VTS in the country. Indirectly, there is a third, international player in the bitcoin mining industry: Crusoe Energy. However, this American company has so far failed to register and start its own mining operations in Oman.

According to the Omani authorities, the sultanate has the energy capacity to become the largest mining center in the Middle East. The power surplus reaches 1.3 GW, with the country’s total generating capacity exceeding 9 GW. Oman’s total power generating capacity is expected to reach 13.1 GW by 2027, thanks to the increased use of solar power as well as the commissioning of new gas-fired power plants.

As of September, the country’s licensed mining companies are consuming about colo 20 MW and have achieved hashing capacity in the range of 0.7 EH/s, giving Oman 0.2% of the global hashrate.

Exahertz and Green Data City promise to increase power consumption to 1,200 MW over the next two years, and generate a hashrate of 54.8 EH/s, which would correspond to about 7% of the global VTS hashrate.

In August, Oman’s Ministry of Transport, Communications and Information Technology (MTCIT) announced the opening of the sultanate’s second cryptoasset data and mining center.

By Linda

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