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What To Know
- The session concluded that the UAE’s combination of regulatory clarity, energy abundance, technological innovation, and government support positions the country — and the wider MENA region — as a top destination for Bitcoin mining.
- The UAE is fast emerging as a global hub for Bitcoin mining, according to insights from a Bitcoin MENA panel co-hosted by ADNEC Group and BTC Inc.
- Experts at the event pointed to regulatory clarity, energy security, and government support as key reasons for the country’s growing dominance in the sector.
The UAE is fast emerging as a global hub for Bitcoin mining, according to insights from a Bitcoin MENA panel co-hosted by ADNEC Group and BTC Inc. Experts at the event pointed to regulatory clarity, energy security, and government support as key reasons for the country’s growing dominance in the sector.
Faisal Al Hammadi, Managing Partner of Further, and Hicham Chahine, Founder and Co-CEO of NIP Group Inc, explained that the UAE’s stable, business-friendly environment is attracting large-scale mining operations. The country’s energy surplus, especially in winter months, provides cost-effective conditions for sustainable Bitcoin mining, giving companies a major competitive advantage.
Hicham Chahine highlighted that his company, backed by the Abu Dhabi Investment Office (ADIO), has built one of the region’s largest mining operations, thanks to an industry-friendly regulatory framework. Faisal Al Hammadi added that corporate adoption is growing, with Further Ventures already allocating part of its treasury to Bitcoin. He expects institutional players, including government treasuries and sovereign wealth funds, to join soon.
Panelists also discussed the future of digital assets in the UAE, emphasizing that mining is only one part of the picture. Faisal called for the creation of a full Bitcoin ecosystem, including auditing, treasury management, and allocation strategies. As more service providers enter the market, Bitcoin is set to gain broader recognition as an asset class.
Innovation is also playing a role: Hicham explained how AI is integrated into mining operations, enabling smart switching between AI programming and Bitcoin mining based on energy availability.
The session concluded that the UAE’s combination of regulatory clarity, energy abundance, technological innovation, and government support positions the country — and the wider MENA region — as a top destination for Bitcoin mining. With continued investment and forward-looking policies, the region is poised to become a world leader in the digital asset ecosystem.
