Oman's ambitious move to cement itself as a blockchain hub in the Middle east
Exahertz, a start-up based in Muscat, has achieved noteworthy progress in Oman's blockchain sector as it obtains government authorization for its extensive blockchain data center venture in Salalah. With the support of Axeron Capital Holding Ltd, Moonwalk Systems FZCO, and Shumookh Investment and Services, Exahertz has the vision to position Oman as a prominent hub for blockchain in the Middle East, in conjunction with its neighboring nations.
The Ministry of Transport, Communications, and Information Technology, in collaboration with the Authority for Public Services Regulations (APSR), are lending a hand to this bold undertaking, showcasing Oman's dedication to enhancing its infrastructure and generating employment opportunities in different fields. The government is actively partnering with Exahertz and other interested parties to entice investments from overseas and exploit underwater cables to advance Oman's digital economy.
According to Eng. Saeed Bin Hamoud Al Mawali, the Minister of Transport, Communications and Information Technology, the aim of the Ministry is to establish collaborative alliances with prominent local and international private companies in different digital technologies. The Ministry is also dedicated to attracting foreign investments in this rapidly advancing sector. Additionally, he stated that this endeavor will help in achieving our objectives and ambitions in enhancing Oman's digital economy. It will also enable us to maximize the utilization of submarine cables that digitally connect Oman with other continents.
Jad Fredrick Kharma, the Founder of Axeron and CEO of Exahertz, highlighted the importance of their project in shaping the future of software-defined data centers. Their aim is to create flexible applications that can easily adapt to the changing computing landscape. Kharma strongly believes in the power of Blockchain computing as the foundation of the digital economy. This technology enables them to make more investments in web 3.0, Industry 4.0, and AI infrastructure, which will drive innovation and growth in a new era.
Jad Fredrick Kharma reiterated his satisfaction with the partnership between Exahertz and prominent figures in the industry, stating, "At Exahertz, we greatly value our collaborations with respected individuals who have a similar vision. Together, we are working on developing innovative software and hardware solutions that will shape the future. These advancements will be crucial in bolstering Oman's progress and cementing its reputation as a technologically advanced country."
Considering the interlinked relationship between Blockchain and hyperscale data centers, Jad Fredrick Kharma put forth the idea that they are now closely associated with energy. Creating a suitable and effective system is crucial in order to achieve success in this merging field. It is important to prioritize the development of a strong structure that seamlessly combines these components to stimulate unparalleled advancement.
H.E Sheikh Mansour Bin Taleb Bin Ali Al Hinai, the head of Oman's Authority for Public Services Regulations, has shown enthusiasm for the start of these projects in the Sultanate. Al Hinai highlighted the authority's dedication to updating Oman's business and technology industries, demonstrating their backing for Exahertz and its role in enhancing future capabilities.
Exahertz aims to grow quickly by putting in significant money and borrowing to create an advanced system made by local factories. By forming valuable alliances and placing emphasis on utilizing hydro and immersion cooling for mining, Exahertz will manage electricity expenses and guarantee effective operations. It's worth mentioning that Exahertz has gained backing from important figures in the industry, cementing its status as a top Bitcoin mining company in the area. Distinguished blockchain leader Bitmain is partnering with Exahertz to run the operations and provide mining equipment.
Exahertz and Moonwalk Systems are pleased to announce that their testing facility in SFZ has been operating successfully since March 2023, despite the recent ups and downs in Bitcoin prices. This facility has provided valuable information and insights that have greatly contributed to our understanding of the challenges and solutions in the blockchain industry, as well as the difficult conditions of the region. This accomplishment has reaffirmed our ambitious objective of deploying an additional 50,000 operational devices and servers throughout the Sultanate by the middle to end of 2024. This deployment will result in roughly 10 Exahash of computing power across various technologies and cooling solutions.
Tabreed-Oman, a company that offers cooling services for entire districts, has taken on the important responsibility of providing eco-friendly cooling solutions for data centers. Their main goal is to ensure that energy is used efficiently. Mr. Abdullah Hiani, the CEO of Tabreed Oman, is excited about their involvement in creating sustainable cooling systems and using innovative technologies in the industry.
Sam Ferdows leads as the CEO of Moonwalk Systems, a well-known partner and primary advocate of Exahertz. The company's main goal is to establish top-of-the-line blockchain data centers in Oman, utilizing the most advanced technology available. According to Ferdows, their focus lies in creating superior and sustainable solutions, aiming to set the standard for blockchain data centers in the Middle East. By prioritizing operational efficiency and increasing computational power, Moonwalk Systems aims to enhance performance and contribute to the progress of blockchain technology. Ferdows emphasizes their determination to foster innovation in the industry and leave a lasting impact on the blockchain ecosystem in the Middle East.
Sam said, "At the beginning of this year, we started our venture with our test project, 'Area 51,' in Salalah. Within a mere three weeks, we successfully created and connected our initial computers to the internet. This achievement establishes a worldwide benchmark for rapid development while upholding high standards and quality. I am extremely proud of the Moonwalk and Exahertz team for this remarkable feat, but trust me, we have only just begun."
Dr. Ali Tabook, the CEO of Salalah Free Zone, wholeheartedly backs Exahertz as an early supporter of their project and vision, acknowledging the positive influence it will have on various sectors in Salalah, and the Sultanate's goals for 2040. He affirms, "Blockchain data centers have the capacity to stimulate economic growth, attract foreign investments, generate high-value employment opportunities, enhance data security, and establish Salalah not just as a tourist destination but also as a regional technology center." This endorsement showcases Salalah Free Zone's dedication to promoting sustainable progress and ensuring long-term prosperity for the city of Salalah and the Dhofar region.
The creation of these revolutionary data centers and facilities will empower extraordinary scientific accomplishments in various fields. Oman's strong infrastructure, sophisticated analytics capabilities, and research based on data will provide support for exceptional findings, encourage inventive ideas, and inspire impactful collaborations.
With backing from the government and the active participation of key figures in the industry, Exahertz is set to establish Oman's standing as a notable competitor in the worldwide blockchain sector. This further enhances its aim to emerge as a leading blockchain center in the Middle East.
The utilization of blockchain technology and the practice of crypto mining have the capacity to greatly stimulate economic expansion within our nation. Embracing blockchain technology will enable the establishment of a more streamlined and safeguarded system for conducting transactions and managing data. Furthermore, engaging in crypto mining serves as an enticing opportunity to attract investments, foster the creation of job opportunities, and actively contribute to the growth of a flourishing digital economy. Salah Al Zakwani (Shumookh Investment and Services)
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