GMT to build advanced data centre in the UAE to boost Bitcoin mining power
- Date: 26-May-2022
- Source: Gulf News
- Sector:Financial Markets
- Country:UAE
GMT to build advanced data centre in the UAE to boost Bitcoin mining power
GMT is set to build a state-of-the-art data center in the United Arab Emirates amid the country becoming increasingly crypto-friendly, with several crypto and blockchain projects flocking there every month. The company is actively evaluating several sites throughout the Emirates as it looks to commence construction of its UAE-based data center. “GMT’s expansion is very significant for us; we are looking at making the UAE our global headquarters and bringing our expertise to the UAE via a mining center of excellence, service and repair facilities, in addition to a blockchain research and development center,” said GMT CEO, Mark Zalan. GMT will invest heavily in developing its UAE-based data center (the exact details of the center’s whereabouts are yet to come). All mining equipment will be stored indoors, with round-the-clock security personnel and CCTV cameras to ensure that no valuable equipment is stolen. Only the most powerful and modern miners – the Bitmain Antminer S19 Pro (110Th) and Antminer S19 (95Th) – will be used in this facility. A total of 5,000 brand-new miners will be running at GMT’s UAE data center, with the fleet of miners having a combined power capacity of 20 megawatts (MW.) All of the miners will