News

Phoenix Group & Green Data City Plan Crypto Farm In Oman

The $300 million facility is expected to be fully operational by Q2 2024.

Published

1 year ago

August 26, 2023

phoenix group and green data city plan crypto farm in oman

Muscat-based Green Data City has teamed up with Abu Dhabi’s Phoenix Group to build a $300 million crypto farm facility in the Gulf state of Oman.

The 150-megawatt data farm will be one of the largest crypto-mining centers in the region and is expected to be fully operational by the second quarter of 2024.

green data city and phoenix group partnership oman crypto farm

Crypto-mining farms are large facilities filled with racks of PCs sporting high-end GPUs. They are designed to mine cryptocurrencies such as Bitcoin and Ethereum using a complex network of software and computers. The process involves solving intricate mathematical calculations to produce new digital currencies — something that requires massive computer resources and lots of electrical power.

Green Data City and the Phoenix Group chose Oman for their mining farm due to the long-term security of the license terms and the comparatively cooler weather in the country’s Dhofar region, which should help to reduce energy consumption.

The first development phase will output 200MW of mining power, while the second phase will reach 400MW, creating a hyperscale data center with downstream activities that will include renewable energy and hydrogen production, desalination, food production, and cosmetics.

Also Read: Help Scout Review: The Only Help Desk Software You’ll Ever Need

The developers will build the new facility in modular sections to reduce environmental impact and intend to install solar shades and employ specialized local technicians.

Oman’s economy is now on a solid footing as the Gulf country forges ahead with its economic diversification initiatives, backed by favorable oil prices and successful fiscal reforms during a time of stable inflation.

News

Skyloov Shakes Up UAE Real Estate Sector With Record Growth

Launched in October 2024, the property portal is already recording an impressive 2.7 million monthly visitors.

Published

4 days ago

January 27, 2025

Nour Nasir

skyloov shakes up uae real estate sector with record growth

Skyloov, the UAE’s newest real estate platform, has gained huge traction since launching in October 2024. Focused on “innovation, transparency, and user empowerment,” the startup has quickly positioned itself as a major player in the region’s competitive property market.

In just a few months, Skyloov has recorded an impressive 2.7 million monthly visitors — an indicator of how well it’s resonating with UAE buyers, renters, and investors. The portal already boasts 110,000 property listings spanning all seven emirates, 1,000 licensed brokers, and over 70,000 daily property searches.

skyloov shakes up uae real estate sector

“Skyloov is not just another property portal; it’s a game-changer in how real estate is discovered and sold,” said Dr. Abdulaziz Albwardi, Chairman of the Board at Skyloov. “Our achievements in such a short time reflect our commitment to offering a transparent and innovative platform that meets the evolving needs of property seekers and brokers alike. We are here to challenge the status quo and empower our users to succeed in a competitive market”.

What sets Skyloov apart is its cutting-edge technology and user-centric design. Features like AI-powered property matchmaking and voice-activated search within its mobile app make finding the perfect property simple and intuitive. The platform’s integration with the Dubai Land Department (DLD) also ensures every listing is verified, offering users peace of mind in their search. Meanwhile, brokers benefit from an array of listing and management tools, supported by real-time analytics that the company claims deliver high-quality leads and tangible results.

Also Read: Etihad Rail Plans 30 Minute Dubai To Abu Dhabi Train Link

Skyloov’s rapid success makes it one of the fastest-growing platforms in the UAE’s real estate market, and the company is already laying the groundwork to become the leading property portal in the entire MENA region. By continuing to prioritize innovation, transparency, and user empowerment, Skyloov is not just competing — it’s setting new benchmarks for the industry.