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Phoenix Group & Green Data City Plan Crypto Farm In Oman

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

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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.

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LUVED Is A New Curated Preloved Marketplace For The UAE

Sellers keep 100 percent of every sale and AI can build a listing in five seconds — though the app’s smartest tools are still coming.

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luved is a new curated preloved marketplace for the uae

Secondhand shopping has become mainstream in the UAE, but the experience is still scattered across resale sites, social media and informal group chats. LUVED, a mobile-first marketplace that launched in Dubai this month, is betting it can pull that activity into one place — and that the thing buyers and sellers actually want is not more inventory, but trust.

The app trades in what it calls circular luxury: preloved fashion and lifestyle pieces across men’s, women’s and children’s categories, bought, sold or given away peer to peer. Its main pitch is economics, with sellers keeping 100 percent of every sale under a zero-commission, fast payout model, while buyers are promised vetted pieces at lower prices.

Where LUVED is staking its reputation is verification. Sellers pass a KYC check, and items run through a two-layer authentication system powered by Entrupy that pairs instant AI screening with human expert review for high-value pieces. Authenticity certificates travel with each item, payments sit in escrow, and a buyer-protection package the company calls The Safety Net adds a 48-hour return window and dispute resolution. Door-to-door logistics removes the in-person meetups that make most resale deals awkward.

An in-app assistant called Luvbot — offering selling insights and demand-based recommendations — is soon to be introduced to the platform. Other features include autofill and dynamic pricing that lets users build a listing in as little as five seconds from three photos, plus a swipe-based feed, story-style drops and in-app chat in English and Arabic. Finally, a gifting layer, Luved & Gifted, lets users pass items to others inside the app rather than sell them.

Also Read: Logitech’s New Folding Mouse Is Designed For Work On The Go

“After moving to Dubai, I saw how difficult it was to sell or even give things away,” says founder and CEO Shaima Sibtain. The friction is real, and so is the competition. In resale, trust is won transaction by transaction — and that is the test LUVED has set itself.

The app is live on the App Store now, with Google Play to follow. The company also plans to expand across the region, which will be the real test for a marketplace staking everything on trust.

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