Oman has launched a $150 million digital asset mining facility, marking a major step in its drive to reduce economic dependence on oil. With 2000 cutting-edge machines, the facility bolsters Oman’s position in digital asset mining and contributes to an overall sector investment of $740 million. As part of this digital transformation, educational programs and business registration directives are also being rolled out.
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Oman’s Inaugural Crypto Mining Facility: Economic Leap or Environmental Misstep?
Oman unveils its second crypto mining center, signaling a substantial step towards bolstering economic digitalization and diversifying away from oil-based revenue sources. However, the environmental impact of large-scale mining and the necessity of striking a balance with sustainability are concerns.