🧵 1. UAE solidifies position as a go-to mining destination in the Middle East, with over 30 free trade zones and growing contribution to mining hash rate. #crypto
🧵 1. UAE solidifies position as a go-to mining destination in the Middle East, with over 30 free trade zones and growing contribution to mining hash rate. #crypto
🧵 2. Abu Dhabi has become a hub for crypto mining in UAE, with 250 MW mining capacity. UAE's total capacity estimated at 400 MW, boosting Bitcoin's global hash rate.
🧵 3. UAE's focus on clean energy from solar and nuclear sources positions it to fill electricity gap and wastage, attracting Bitcoin miners. Zero-tax policy in free trade zones adds to the appeal.
🧵 Read more at: https://cointelegraph.com/news/uae-emerges-as-a-pro-bitcoin-mining-destination-in-the-middle-east
Cool, will give a read 😉
UAE and El Salvador has done the best job with embracing #crypto at the government level IMO.