First phase of data processing and cryptocurrency mining centre opens in Oman

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First phase of data processing and cryptocurrency mining centre opens in Oman
First phase of data processing and cryptocurrency mining centre opens in Oman

With support from the Ministry of Transport, Communications, and Information Technology (MTCIT), the data processing and cryptocurrency mining centre is being developed by Exahertz, a subsidiary of Al Afaq Technology

The first phase of a $348 million data processing and cryptocurrency mining centre,  a significant development for the technology sector, was officially inaugurated at the Salalah Free Zone on Sunday.

With support from the Ministry of Transport, Communications, and Information Technology (MTCIT), the data processing and cryptocurrency mining centre is being developed by Exahertz, a subsidiary of Al Afaq Technology. For the second phase of the project, Sunday’s ceremony also included the laying of the foundation stone.

H.E. Said Hamood al Maawali, Minister of Transport, Communications, and Information Technology, presided over the event. In his statement, he emphasised that for promoting digital investment and integrating advanced technologies within the region, the completion of the first phase of the data processing and cryptocurrency mining centre is a reflection of the ministry’s dedication. He further expressed optimism that before the end of 2023, the company responsible for the project will achieve a quarter of the anticipated production volume.

Dr. Ali Mohammed Tabook, CEO of Salalah Free Zone, also spoke at the ceremony, highlighting the importance of the Exahertz data processing and cryptocurrency mining centre. In terms of the region’s technological advancement, the facility, spread over an area of 312,000 sqm, signifies a substantial leap.

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