The combined Bitcoin mining power of the United Arab Emirates is estimated to be around 400 megawatts, accounting for 4% of Bitcoin’s global hash rate.
The Middle East has established itself as a pro-Web3 destination for cryptocurrency-focused companies, with 30 free trade zones in the country, and the region is slowly moving up the Bitcoin mining hashrate leaderboard by 2023. climb.
Although countries such as the United States, China, Russia, and Kazakhstan are the four countries with the highest share of Bitcoin hashrate in the world, it can gradually climb thanks to the resources provided by the UAE.