The new project – named Abu Dhabi Global Markets JV Entity (ADGM) – will first develop two mining sites with a combined capacity of 250 megawatts (MW) of mining power, according to a press release. The sites will be powered by excess energy in Abu Dhabi, increasing the base load and sustainability of that Middle Eastern capital’s power grid, the statement continued. The necessary mining equipment and infrastructure for each site has already been ordered and construction is currently underway.
Blockchain Powers Jack Ma’s $8-B Ant Group Energy Asset Strategy
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to Bloomberg, Ant Digital Technologies has...