du, UAE’s telecom and digital services provider, has become the first telco in the country to launch a Cloud Mining as a Service (MaaS) offering called “Cloud Miner”, an ICT Infrastructure to pioneer sustainable crypto innovation. “Cloud Miner” is designed exclusively for UAE residents in line with du’s commitment to transparency, security, and regulatory compliance.
Utilizing its already existing data centers across the country, UAE residents will be able to rent required computational power on a subscription basis, which customers can bid on through an online auction that will be hosted on Online Auction (www.onlineauction.ae) starting from 3rd to 9th of November.
As per du, the cloud as a mining service will offer a cloud-based solution that significantly simplifies traditional processes. This service enables clients to enjoy all the benefits of mining, such as potential Bitcoin rewards and participation in the blockchain ecosystem, without the burdens of hardware management, electricity costs, or maintenance concerns, and operations can commence immediately after subscription.
Jasim AlAwadi, CICTO at du said, “With the launch of Cloud Miner, our Cloud Mining as a Service, we aim to offer an easy entry point into the world of cryptocurrency whilst leveraging on du’s reputation for reliability, transparency, and security. The service embodies our commitment to innovation, leveraging our robust data centre skills & ICT infrastructure to secure a sustainable future for digital finance in the UAE.”
Bitcoin mining clients will enjoy 250 TH/s capacity
The telco operator distinguishes its Cloud Miner with competitive pricing and transparent, no-hidden-fee contract available for 24 months, allowing clients to conveniently enjoy 250 TH/s capacity that enables the subscribers to access mining through a straightforward web application.
Furthermore, du ensures adherence to KYC/AML compliance for high-value transactions with the use of UAE Pass and bolstering account security with Two-Factor Authentication, demonstrating its commitment to providing a secure and trustworthy service.
“The launch of Cloud Miner under sub-brand du Tech highlights du’s rich heritage in telecom. With du’s Cloud Miner, entering the cryptocurrency market has never been easier, or more secure,” added Jasim AlAwadi at du.
There exists Corporate Bitcoin mining activities in UAE
While there is already a strong corporate mining activity in the UAE, with entities such as Phoenix Group, and Marathon Digital, this is the first time a UAE entity from the telco industry offers it on a more retail scale.
In 2023, Zero Two, and Marathon Digital Holdings, Joint entity based out of ADGM Abu Dhabi for crypto mining inaugurated the state of the art 200 MW Bitcoin mining facility at Masdar Abu Dhabi.
