Crypto miners in the U.S are concerned about the proposed 30% tax on electricity use, fearing they may be priced out of the market. Middle East with lower taxes and abundant energy presents an attractive option.
Oman, with geopolitical advantages, low-cost electricity, and favorable weather conditions, is becoming an appealing destination for crypto mining operations. Green Data City's $300 million deal with Phoenix Group is setting up a 150-megawatt crypto farm in Salalah, southern Oman.
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