UAE’s trade-free zones, tax-free status and focus on clean energy could spur it into the global Bitcoin mining hotspot.
The United Arab Emirates is gradually solidifying its status as a go-to Bitcoin mining destination in the Middle East. The country has established itself as a pro-Web3 destination for crypto-focused companies with over 30 free trade zones and a growing contribution to the Bitcoin mining hash rate.
The UAE’s mining journey began with Bitcoin miner Marathon Digital partnering with Zero Two — the digital asset arm of Abu Dhabi’s sovereign wealth fund — in May. The joint ventureAbu Dhabi has become a hub for all kinds of crypto mining activity in the UAE due to its energy efficiency and status as the center of trade in the country.to data from Hashrate Index, UAE’s combined Bitcoin mining capacity is likely around 400 MW — or 4% of Bitcon’s global hash rate.
This means Bitcoin miners can register in one of the country’s over 30 free trade zones and avoid corporate tax, value-added tax and import duties — a significant advantage over operating in Western countries.
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