“Mining Race” in Dubai
Dubai witnessed the launch of “Mining Race” conference for blockchain and Bitcoin mining solutions.
Leading experts, specialists, and decision-makers attended this conference.
They participated in discussion sessions to explore the latest ideas and trends in:
The digital currency sector, decentralized finance (DeFi), market trends and regulatory updates.
In addition to the Middle East expanding role in the global cryptocurrency and blockchain scene.
Global Bitcoin Mining Market to Reach $2.8 Billion by 2028.
The UAE has seen a significant increase in its share of global Bitcoin mining operations, rising to 4% this year from 3.7% last year.
As per expectations, the global Bitcoin mining market is going to reach $2.8 billion by 2028.
Driven by increased institutional investments, advances in mining technology, and favorable regulatory environments in key markets.
The Middle East has emerged as a key player in the digital currency space.
Due to the forward-looking policies and rapid developments in the sector.
The UAE and Saudi Arabia: Global Leaders in Blockchain Technology.
Recent studies indicate a significant rise in cryptocurrency adoption, with the global market expected to grow by 15% over the next five years.
Major markets such as the UAE and Saudi Arabia are now global leaders in blockchain technology.
Supported by regulatory frameworks and strategic investments.
Sulaiman Al Rifai, Founder and Board Member of Mining Grid, the organizing company behind the global event in Dubai, stated:
“The official launch of the Mining Race platform in the Middle East reflects the region’s growing importance in the global blockchain and cryptocurrency sector.
After the success of last year’s Mining Race, we are excited to support the blockchain and Bitcoin mining community.
By fostering meaningful connections between innovators, investors, and regulators.
This event is a crucial step towards creating a more inclusive and prosperous cryptocurrency ecosystem.”
The UAE has joined the High-Level Panel on a Sustainable Ocean Economy (HLCOE), a group of world leaders interested in sustainable ocean management. pic.twitter.com/YcWQlHxIrE
— UAE Voice (@uae_voiceeng) September 27, 2024
“Mining Race” conference for blockchain and Bitcoin mining solutions enhances participation and knowledge exchange between institutional investors, technology innovators, crypto startups, and individual traders, contributing to the dynamic and active growth of the blockchain community in the region.
