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Oman Introduces a Crypto Mining Center Valued at $350 Million

Oman’s Ministry of Transport, Communications, and Information Technology (MTCIT) has reportedly opened a new data hosting and cryptocurrency mining center in the Salalah Free Zone. The facility’s estimated value is over RO 135 million (more than $350 million). Another country that decided to spend millions of dollars on a crypto mine is Kyrgyzstan, whose center will be powered by a hydroelectric station near the Naryn river. The company which set up the facilities is Exahertz International. Its CEO Sam Fedows hinted that a wider network of blockchain-based centers could pop up in the Sultanate of Oman in the near future. The project is already live and involves more than 2,000 machines.

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