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UAE Emerges as Bitcoin Mining Hub with 4% Global Hash Rate

UAE Emerges as Bitcoin Mining Hub with 4% Global Hash Rate

UAE's Growing Bitcoin Mining Sector Powers Ahead with 400 MW Capacity

The United Arab Emirates (UAE) has emerged as a key Bitcoin mining destination in the Middle East, with an estimated 400 MW capacity, comprising 4% of Bitcoin's global hash rate. The UAE offers favorable conditions for mining due to its energy efficiency and pro-crypto environment. Abu Dhabi, in particular, has become a hub for mining activities. The country's focus on clean energy, including solar and nuclear power, could provide surplus electricity for miners. Additionally, the UAE's zero-tax policy in its free trade zones attracts miners by exempting them from corporate tax, value-added tax, and import duties.

By: Rohit Khandelwal
06-Jul-2023

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