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UAE Gains More Ground In Becoming Middle East Bitcoin Mining Hub

Bitcoin mining companies are looking to the United Arab Emirates as a potential hub for crypto-mining in the Middle East, thanks in part to partnerships with major mining firms and Abu Dhabi's sovereign wealth fund.

The country's operational Bitcoin mining capacity is currently around 400 megawatts, or 4% of Bitcoin's global hash rate, but is expected to surpass 600 MW by the end of the year as semi-governmental projects expand.

The UAE's abundant energy resources, including natural gas and nuclear and solar power, make it an attractive location for mining operations.

The region's solar fields and excess energy from desalination plants could also be utilized for mining.

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