UAE Crowns as the Prime Destination of Bitcoin Mining
The United Arab Emirates has been emerging as a BTC mining hub. The BTC mining expert Jaran Mellerud stated that UAE’s partnerships with mining firms have contributed to its development as a mining hub. UAE’s current BTC mining capacity is 400 MW and it could surpass 600 MW by the end of 2023. According to the latest Analysis , the United Arab Emirates (UAE) has been emerging as a Bitcoin mining hub, making it a “prime desti nation ” for Bitcoin miners in the Middle East. Jaran Mellerud, a Bitcoin enthusiast and mining expert, attributed the development of the West Asian country as a BTC mining spot to the UAE’s partnership with prominent mining firms and digital asset platforms. Mellerud shared a series of Twitter threads on July 5, shedding light on the major developments in UAE’s BTC mining space. Drawing insights from the joint venture of Bitcoin miner Marathon Digital (MARA) and Zero Two, the digital asset arm of Abu Dhabi’s sovereign wealth fund, the cr...