du, one amongst UAE’s telecom and digital providers and products provider, has launched its Cloud Miner provider offering UAE residents the choice to mine crypto by renting computational vitality on a subscription foundation using its reward files centers throughout the country.
The cloud mining-as-a-provider (MaaS) offering, known as “Cloud Miner”, an ICT infrastructure, goals to pioneer sustainable crypto innovation. “Cloud Miner” is designed completely for UAE residents basically basically based on du’s dedication to transparency, security, and regulatory compliance.
Prospects can advise via an on-line public sale that can be hosted on the Online Public sale web device, initiating from the Third to the 9th of November.
As per du, the cloud-as-a-mining provider will provide a cloud-basically basically based solution that simplifies primitive processes. Customers will be ready to mine, possess the lend a hand of ability Bitcoin rewards, and grab half within the blockchain ecosystem without the burdens of hardware administration, electrical energy charges, or repairs considerations, and operations can birth straight away after subscription.
Jasim AlAwadi, CICTO at du, famed that the telecom operator goals to produce an effortless entry point into the realm of cryptocurrency whereas leveraging du’s status, reliability, transparency, and security.
He outlined, “The provider embodies our dedication to innovation, leveraging our sturdy files center expertise & ICT infrastructure to true a sustainable future for digital finance within the UAE.”
The telecom operator distinguishes its Cloud Miner with aggressive pricing and a clear, no-hidden-rate contract on hand for twenty-four months, allowing customers to very without wretchedness revel in 250 TH/s skill, where subscribers can access crypto mining via a easy web utility.
Furthermore, du ensures adherence to KYC/AML compliance for high-value transactions with the exhaust of UAE Cross and by bolstering yarn security with two-factor authentication, demonstrating its dedication to providing a true and devoted provider.
“The originate of Cloud Miner below sub-mark du Tech highlights du’s filthy rich heritage in telecom. With du’s Cloud Miner, getting into the cryptocurrency market has by no components been less complicated or extra true,” added Jasim AlAwadi at du.
Bitcoin mining is spearheaded by corporates within the UAE
There is already true company mining exercise within the UAE, with entities such as UAE Phoenix Neighborhood, which launched its IPO last year, and Marathon Digital, which in 2023 partnered with Zero Two, a subsidiary of the UAE sovereign wealth fund, for a Bitcoin mining facility in Abu Dhabi.
Alternatively, this is the predominant time a telecom entity offers this form of provider within the UAE. Globally, for instance, Deutsche Telekom subsidiary MMS, in collaboration with Bankhaus Metzler, is launching a pilot venture to operate a Bitcoin mining infrastructure using surplus energy.
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