BlueWheel Gulf secures 5 MW bitcoin mining contract from private investors in Dubai

BlueWheel Gulf secures 5 MW bitcoin mining contract from private investors in Dubai

By Saurabh Singla Published: Mon 10 Apr 2023, 12:51 PM Last updated: Mon 10 Apr 2023, 1:08 PM

BlueWheel Gulf, a Dubai-based Bitcoin mining company has signed an additional 5 MW Bitcoin mining contract from a group of private investors in Dubai. It marks a significant milestone for the company, which has been mining Bitcoin sustainably around CIS countries.

Sustainable and expanding Bitcoin mining operations

The company has been actively mining Bitcoin since 2020, focusing on sustainable electricity sources, mostly hydropower. With the addition of the 5 MW contract, the company's total mining operations have reached 6.5 MW with 2000 Asic Pods.

Bluewheel mining NFT project: Solving the transparency and auditing issue with cloud mining

Bluewheel Gulf has recently partnered with DeFi nation studios, a Singapore-based Blockchain studio, for the Bitcoin Mining NFT project under Bluewheel Mining. Bluewheel Mining founder Agarwal says: "We are very excited about this project and are in process of forming separate SPV in BVI for this project. This project would enable the adoption of Bitcoin to the masses and generate a source of sustainable revenue. We promise a genuine sustainable economic model where the NFT holder gets Bitcoin rewards as his share of the reward from the Bitcoin block by