logo
BitHash accelerates global mining expansion with major infrastructure projects in the UAE, US

BitHash accelerates global mining expansion with major infrastructure projects in the UAE, US

Khaleej Times05-08-2025
In a strategic move to meet rising institutional demand for crypto mining infrastructure, BitHash has announced a major global expansion, unveiling new high-capacity CAPEX sites in both the UAE and the US. The company, headquartered in Dubai, is now positioning itself as a key infrastructure enabler in the fast-evolving blockchain economy.
This announcement marks a milestone in BitHash's roadmap to build scalable and sustainable mining ecosystems powered by compliant, high-efficiency technology.
In the UAE, BitHash has established four dedicated Bitcoin mining sites with capacities of 1.5MW, 6MW, 10MW, and 48MW, respectively. These facilities are strategically located to serve the region's growing appetite for digital asset infrastructure and to support investors seeking secure, full-service mining environments. The sites are engineered to deliver high operational performance, optimised power use, and seamless enterprise deployment in one of the world's most innovation-friendly economies.
Simultaneously, BitHash is rolling out two large-scale turnkey mining facilities in the United States, offering 10MW and 20MW capacities. These plug-and-play operations are designed to allow companies to commence mining almost instantly — a critical advantage in the competitive world of Bitcoin mining.
Significantly, BitHash's US infrastructure is being bolstered by the development of a 3.4GW solar-powered project, one of the largest renewable-energy-backed crypto mining initiatives announced to date. This commitment to green energy underlines the company's ambition to reduce environmental impact while supporting the scalability of Web3 and blockchain ecosystems globally.
Speaking on the expansion, Abdulaziz Osman, founder and CEO of BitHash, said: 'Our dual expansion into the UAE and USA reflects the growing demand for compliant, energy-efficient, and high-powered mining infrastructure. These aren't just sites — they're ecosystems built to power the future of crypto innovation at scale.'
BitHash's CAPEX model offers institutional clients a wide range of integrated services, from setup and security to ongoing operational support and energy optimisation. For businesses looking to establish or grow mining operations with minimal risk and maximum efficiency, these projects provide a comprehensive infrastructure solution.
Having built its reputation on reliability, transparency, and forward-thinking solutions, BitHash's latest move strengthens the UAE's position as a regional hub for crypto infrastructure while expanding its presence in the North American market, both crucial in shaping the future of decentralised finance.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

beIN Sports: How to watch English Premier League 2025/26 football on TV in UAE, Saudi and across MENA
beIN Sports: How to watch English Premier League 2025/26 football on TV in UAE, Saudi and across MENA

Arabian Business

time6 hours ago

  • Arabian Business

beIN Sports: How to watch English Premier League 2025/26 football on TV in UAE, Saudi and across MENA

The English Premier League returns for the 2025/26 season on Friday, August 15 when Liverpool take on Bournemouth at the iconic Anfield stadium. Liverpool, the most successful club in the history of English football, will be looking to repeat the triumph of the 2024/25 season and conquer the English Premier League once again. Fans in the UAE, Saudi Arabia and across the MENA region will be able to watch every minute of every match after beIN Media Group officially renewed its exclusive rights to broadcast English Premier League matches across 24 countries in the region until the end of the 2027-28 season. Stream English Premier League in MENA The landmark deal ensures that beIN Sports will remain the region's premier destination for live English football, broadcasting all 380 Premier League games each season in both Arabic and English. Fans will have access to complementary programming, including pre- and post-match analysis, daily highlights, and weekly wrap-ups. The agreement also extends coverage to beIN's OTT streaming platform, TOD, which will stream every match live on web, tablet, and mobile. English Premier League 2025/26 fixtures Friday, August 15, 2025 Liverpool v AFC Bournemouth Saturday, August 16, 2025 Aston Villa v Newcastle Brighton v Fulham Spurs v Burnley Sunderland v West Ham Wolves v Man City Sunday, August 17, 2025 Chelsea v Crystal Palace Nottingham Forest v Brentford Manchester Utd v Arsenal Monday, August 18, 2025 Leeds v Everton Click here to subscribe to beIN Sports and watch every English Premier League game of the 2025/2026 season. Upon signing the renewal, Mohammad Al Subaie, CEO of beIN MENA, said: 'Our long-standing partnership with the Premier League, which dates back to 2013, has been a journey of mutual growth and shared success. 'This renewal not only signifies our enduring commitment to providing the highest quality sports content on beIN SPORTS and reinforces our leading position in the MENA region, but also demonstrates the trust that the Premier League has in us. Paul Molnar, Chief Media Officer of the Premier League, said: 'We are delighted to announce the extension of our longstanding partnership with beIN MEDIA GROUP for a further three seasons in MENA. This renewal reflects our shared commitment to delivering world-class football and providing the best possible, localised viewing experience. 'We look forward to continuing our close collaboration on a variety of content and promotional initiatives, bringing the Premier League even closer to our passionate fans in this important region.' With a cumulative global TV audience of 3 billion, the Premier League remains one of the most-watched sports leagues in the world. The renewal underscores the value of premium sports content in the MENA media landscape and reflects the broadcaster's continued investment in delivering high-quality coverage to its growing subscriber base. beIN Sports broadcasts English Premier League football in these countries Algeria Bahrain Chad Djibouti Egypt Iraq Jordan Kuwait Lebanon Libya Mauritania Morocco Oman Palestine Qatar Saudi Arabia Somalia Sudan Syria Tunisia United Arab Emirates Yemen

DAMAC Properties unveils Capri One apartments in Riverside master development
DAMAC Properties unveils Capri One apartments in Riverside master development

Zawya

time6 hours ago

  • Zawya

DAMAC Properties unveils Capri One apartments in Riverside master development

DAMAC Properties, UAE's largest private real estate developer, announced on Tuesday the launch of Capri One at DAMAC Riverside Views, a new phase at Riverside Views located within its DAMAC Riverside master community in Dubai Investments Park. The development will feature one- and two-bedroom apartments, with prices starting from AED 993,000 and AED 1.9 million respectively backed by payment plans of 0.25 percent, the statement said. Riverside Views was launched in January 2025 with eight themed clusters—Teal, Azure, Marine, Indigo, Royal, Capri, Sun and Pacific— and is scheduled for handover in May 2028. 'Our new phase invites residents to slow down, reconnect, and rediscover the outdoors, with curated green spaces, thoughtful water features, and a soft rhythm of community life,' Amira Sajwani, Managing Director, DAMAC Properties. Riverside Views will include world-class amenities, including a clubhouse, a floating island restaurant, a Zen Spa, a Portofino Restaurant, and a hydroponic farm. Earlier releases of townhouses and apartments at DAMAC Riverside have sold out. DAMAC Riverside is the developer's sixth master development in Dubai. (Writing by Majda Muhsen; Editing by Anoop Menon) (

Fed's dilemma grows as key inflation metric heats up
Fed's dilemma grows as key inflation metric heats up

The National

time7 hours ago

  • The National

Fed's dilemma grows as key inflation metric heats up

A key US inflation measure increased in July as the costs of President Donald Trump's tariffs continue to be felt in the economy, further underscoring the Federal Reserve 's dilemma at a time of pressure from the White House to cut interest rates. A report from the Bureau of Labour Statistics showed that the consumer price index rose 2.7 per cent last month on an annual basis, less than expected. However, core inflation, which does not include food and energy, rose 3.1 per cent year on year, higher than the 2.9 per cent reading in June and at its fastest annual rate since February. Prices for imported items such as household furnishings, apparel and recreational goods all rose last month, while medical care services and airfare prices were also above recent trends. 'We've definitely seen some heating up driven by tariffs, but it's a very messy picture,' said Michael Pearce, deputy chief US economist at Oxford Economics. Wall Street, however, reacted positively to Tuesday's report which probably was not hot enough to prevent the Fed from resuming rates cuts in September. The S&P 500 and Nasdaq Composite hit intraday highs, while the Dow Jones Industrial Average rose more than 1 per cent. Traders still widely expect the Fed will reduce the federal funds rate – which it has held steady this year – by 25 basis points when it meets next month. Driving expectations of that cut have been concerns about the health of the US labour market. Government data this month showed that the unemployment rate rose to 4.2 per cent in July while the economy added only 73,000 jobs. Sharp downward revisions were also made to previous monthly gains. 'Suddenly, you've got this picture of a labour market which looks like it has suddenly lost a lot of momentum,' Mr Pearce said. Signs of a weakening labour market also come as inflation is not just above the Fed's long-term target, but is trending in the wrong direction. Unlike other central banks, the Federal Reserve has a dual mandate of price stability and maximum employment. A large majority of Fed officials this year have taken a wait-and-see approach towards cutting rates this year as they assess the effects of Mr Trump's tariffs on the economy. Federal Reserve chairman Jerome Powell has warned that the Fed could find itself in a position in which those two goals are in conflict because of the effects of those tariffs. Addressing reporters after holding rates last month, Mr Powell outlined his reason for keeping them elevated, adding that the economy is still in the 'early days' of feeling the tariffs' effects. 'When we have risks to both goals, and one of them is farther away from goal than the other, and that's inflation, that means policy should be tight, because tight policy is what brings inflation down,' he said. But the July jobs report is testing that resolve. A handful of Fed officials – including governors Michelle Bowman and Christopher Waller, two Trump appointments who dissented from last month's decision – have suggested since that rate cuts should come sooner to protect the labour market. Derek Tang, an economist at LHMeyer/Monetary Policy Analytics in Washington, said the jobs report was a wake-up call for people who were counting on the resilience of the US economy, which is now showing signs of stress. 'Of course, that might be affected by immigration but just the fact that demand is cooling really unsettles a lot of people,' he said. 'The second reason why I think the market is talking about September is simply the political environment, or how much longer can the Fed be immune from Trump pressure.' Mr Trump seized on Tuesday's inflation report to continue his pressure campaign against Mr Powell to cut rates and again attacked overrun renovation costs at the Fed's headquarters. Mr Trump claims the costs of the project have swollen to $3 billion, which Mr Powell has said is untrue. 'I am … considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings,' Mr Trump wrote on the Truth Social media platform. Adding further pressure on Mr Powell will probably be the confirmation of Stephen Miran, a Trump ally and Fed critic, to temporarily fill the seat vacated by former Fed governor Adriana Kugler. Her term is set to expire January 31, 2026. By installing Mr Miran at the Federal Reserve even in a temporary capacity, it would add a third prominent voice to lower interest rates. The rate-setting Federal Open Market Committee consists of Mr Powell, six other members on the board of governors, the New York Fed president and four of the 11 regional presidents who serve on a rotating basis. It is unclear if Mr Miran will be confirmed by the US Senate in time for the Fed's meeting next month. Mr Miran told CNBC on Tuesday that he believes inflation 'has been well behaved, particularly since the President took office'. He also said the central bank's independence is of 'paramount importance' but declined to elaborate further, citing his confirmation process. The Federal Reserve has indicated it expects to cut interest rates by a cumulative 50 basis points this year, according to projections from the Fed's June meeting.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store