#BlocklikeNews On August 28, the Omani government announced a US$300 million deal with Abu Dhabi’s Phoenix Group, which will promote Phoenix Group to develop a 150 A megawatt cryptocurrency mining farm that will come online next year.

Additionally, a few weeks ago, the Omani government approved the launch of a $370 million crypto mining farm operated by Exahertz International, with plans to launch an additional 15,000 machines by October.

Said Hamoud al-Maawali, Oman's Minister of Transport, Communications and Information Technology, said in the announcement that the investments marked an "important milestone" in Oman's efforts to "help accelerate growth" in the digital economy.