As Oman’s blockchain industry booms, Exahertz, a Muscat-based start-up has obtained government approval for a blockchain data center project in Salalah. With the center up and running, Oman could position itself as one of the region’s blockchain hubs.
By establishing the center, Exahertz and the government of Oman aim to attract foreign investment, while propelling Oman into a digital economy. Exahertz is set to expand its operations through capital and debt investments, constructing cutting-edge infrastructure sourced from national factories. The company aims to manage power costs and ensure operational efficiency by leveraging hydro and immersion cooling mining technologies.
Exahertz has secured support from key industry players, solidifying its position as a prominent Bitcoin mining firm in the region. In collaboration with renowned blockchain heavyweight Bitmain, Exahertz will oversee mining equipment supply and operations.
Exahertz is collaborating with Axeron Capital Holding Ltd, Moonwalk Systems FZCO, and Shumookh Inverstment and Services on the project. Furthermore, the Ministry of Transport, Communications, and Information Technology and the Authority for Public Services Regulations are also providing support.
Minister of Transport, Communications and Information Technology, H.E. Eng. Saeed Bin Hamoud Al Mawali, commented, “The Ministry of Transport, Communications and Information Technology seeks to build cooperative partnerships with leading local and international private sector entities in the various types of digital technologies, as the Ministry works to attract foreign investments in this ever-developing industry. This effort will fulfil our expectations and goals for bolstering the Sultanate of Oman’s Digital economy and making full use of submarine cables that connect the Sultanate of Oman to the rest of the continents digitally.”
Exahertz and Moonwalk Systems established a testing facility earlier this year. The facility has furnished data and insights on blockchain and the region. By 2024, Exahertz hopes to deploy an additional 50,000 operational devices and servers across the Sultanate, contributing to an estimated 10 Exahash in computing capabilities.
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