Oman Invests $740 Million in Cryptocurrency

Oman Invests $740 Million in Cryptocurrency



Oman's Department of Transport, Communications, and Information Technology has just unveiled a new center for data storage and cryptocurrency mining in the Salalah Free Zone, worth an estimated $350 million. This comes after another center was announced last November, valued at nearly $390 million, bringing the total investment to $740 million. This could give a big boost to Oman's digital economy, create jobs, and establish the country as a key player in data and crypto mining.



Kyrgyzstan is also getting in on the action, spending millions on a crypto mining facility that will run on hydroelectric power from the Naryn River.



The company behind Oman's new centers is Exahertz International, led by CEO Sam Fedows. He indicated that this could be the beginning of a broader network of blockchain-focused centers in Oman, starting with


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