Oman unites miners: licensed companies must operate through a national pool
Oman is taking a decisive step toward centralizing cryptocurrency mining within its territory. The country's Ministry of Transport, Communications, and Information Technology, together with Frontier Technologies, has initiated the launch of a national mining pool. The key feature of this project is the mandatory connection of all licensed digital asset miners in the sultanate to this pool.
Enegix Global provided the technological foundation and liquidity infrastructure for the new pool. This is not merely a formal consolidation of capacities, but the creation of a unified, state-controlled ecosystem for cryptocurrency mining. In the initial phase, it is planned to consolidate approximately 10 EH/s of computing power, which is a very significant figure for the region.
It is important to note that Oman is not a newcomer to the mining industry. Since 2022, investments in this sector and the associated data center infrastructure in the Salalah Free Zone have already exceeded $700 million. Among the most notable projects is a $370 million hydro-cooled mining facility. These figures indicate the state's long-term strategy to attract capital and develop its technological base.
Analytical Commentary: Oman's initiative is a vivid example of how Middle Eastern states are striving not just to regulate, but to actively manage the mining industry. The creation of a national pool gives authorities transparency and control over the distribution of hashrate, which could be used to stabilize the national energy grid and optimize tax revenues. However, from a market perspective, this reduces the decentralization of the Bitcoin network, creating another large jurisdictional cluster that is potentially vulnerable to the regulatory decisions of a single country.