New Cryptocurrency Mining Center Launched in Oman!

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Oman has opened a cryptocurrency mining center in the Salalah Free Zone, the country’s second such facility in ten months. The center is being operated by Exahertz International in conjunction with Moonwalk International and is the latest development in the Gulf region’s embrace of cryptocurrencies. Fifteen thousand machines are to be installed by October 2023, with 2,000 units already online in the pilot phase. The facility reportedly cost $370 million to construct and is expected to benefit from the Free Zone’s low corporate taxes.