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A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders air-cooled mining infeasible, participants said. Advanced Crypto Mining Facilities in Abu Dhabi
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The new project – named Abu Dhabi Global Markets JV Entity (ADGM) – will first develop two mining sites with a combined capacity of 250 megawatts (MW) of mining power, according to a press release. The sites will be powered by excess energy in Abu Dhabi, increasing the base load
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Institutional interest in cryptocurrencies hasn’t budged despite the market being down 60% from the all-time highs (ATH), as a majority of asset managers stated they’re “extremely interested” in crypto themed-Exchange Traded Funds (ETFs). On April 3, financial services firm Brown Brothers Harriman (BBH) released its 2023 Global ETF Investor Survey
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