The UAE is emerging as a pro-Bitcoin mining destination in the Middle East

The combined Bitcoin mining capacity of the United Arab Emirates is estimated at around 400 megawatts, or 4% of Bitcon's global hash rate .

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The United Arab Emirates (UAE) is gradually consolidating its status as the go-to mining destination for Bitcoin (BTC) in the Middle East. The country has established itself as a pro-Web3 destination for crypto-focused businesses 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's partnership with Zero Two - the digital asset arm of Abu Dhabi's sovereign wealth fund - in May. The joint venture has established two mine sites with a combined capacity of 250 megawatts (MW) in Abu Dhabi.

Abu Dhabi has become a hub for all sorts of cryptocurrency mining activities in the UAE due to its energy efficiency and status as the commercial center of the country.

According to data from Hashrate Index, the combined bitcoin mining capacity of the UAE is likely around 400 MW, or 4% of Bitcon's global hash rate. While the United States, China, Russia, and Kazakhstan are the top four countries with the largest share of Bitcoin's global hash rate, the United Arab Emirates could gradually move up the ranks due to its available resources.< /p>

UAE Overview of Bitcoin mining. Source: Hashrate Index

As a global player in the energy market, the UAE has shifted its focus from its oil and gas reserves to solar power and nuclear. Historically, the country's electricity was generated by natural gas, but in the recent past, the shares of nuclear and solar are increasing rapidly.

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