The new project – named Abu Dhabi Global Markets JV Entity (ADGM) – will initially 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 power in Abu Dhabi, increasing the base load and sustainability of the Middle Eastern capital’s electricity grid, the statement continued. The necessary mining equipment and infrastructure for each site has already been ordered and is currently under construction.
Bitcoin Miner Marathon Digital in JV for submersible Bitcoin mining in Abu Dhabi
