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King_Of_Crypto
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a year ago
UAE emerges as a pro-Bitcoin mining destination in the Middle East
The UAE has established itself as a pro-Web3 destination for crypto-focused companies, with over 30 free trade zones and a growing contribution to the Bitcoin mining hash rate.
Data from Hashrate Index shows that the UAE’s combined Bitcoin mining capacity is likely around 400 megawatts — or 4% of Bitcoin’s global hash rate. Moreover, the UAE has shifted its focus toward solar and nuclear energy as it reduces its reliance on natural gas.
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