- du launches Cloud Miner to let UAE residents mine Bitcoin without owning equipment.
- Users can bid online for 24 month Bitcoin mining contracts offering 250 THs power.
- The service follows UAE rules and ensures secure verified and transparent mining.
Telecom company du has launched a new Bitcoin cloud mining platform called Cloud Miner in the United Arab Emirates. The service allows residents to mine Bitcoin without owning or managing any hardware. Subscribers can rent computing power through annual or 24-month contracts. The launch marks du’s first major move into the digital asset sector.
This announcement was done at a launch event at the Burj Khalifa. In an online auction, which will be conducted between November 3 and 9, the users will be able to bid the contracts that will provide them with 250 terahashes per second (TH/s) of the mining capacity. Both contracts offer a period of two years. The project will help to open the Bitcoin mining industry to more citizens in the nation.
Seamless Access to Mining
The Cloud Miner service handles all technical and operational aspects. It covers hardware setup, electricity, and maintenance costs. All the customers have to do is to subscribe and they can begin mining once they have a contract. The interface of the platform is also made simple so that a layperson user can have a simple experience.
To support continuous mining operations, du uses its own data centers across the UAE. These centers offer constant supply of power and reliability of the system. The installation is in line with the sustainability and technology objectives of the country which supports energy-efficient operations.
Transparency and Compliance
du has emphasized transparency and regulatory compliance across all activities. Customers are offered optimal contracts without any additional charges. Every contract is tied to a 24-month lock-in that guarantees a consistent mining process. It has a built-in calculator and real-time monitoring of the performance, enabling the user to estimate monthly Bitcoin earnings.
Every single mining activity is observed in accordance with Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. Users should authenticate and use UAE Pass. This adds a layer of digital security and helps protect customer accounts. Two-factor authentication also enhances safety across the platform.
Expanding the Crypto Vision
This launch would make du the first telecom operator in the UAE to launch a mining-as-a-service model. The firm anticipates that the project will drive the popularity of regulated crypto-related activities in the nation. Although pricing has not been revealed, the auction model indicates growing confidence in long-term digital asset adoption.
du also show interest in venturing into related fields. Crypto exchange, lending, and other blockchain services could be considered as the plans. Such changes may help make the UAE the center of regulated digital finance in the region. Earlier this year, Ripple acquired Hidden Road for $1.25B and expanded into the UAE to boost non-bank prime brokerage services.
Recent exchange approvals like Bybit and Crypto.com are also indicative of further development of the crypto ecosystem in the country. Bybit recently got a full federal license in the UAE to offer crypto services across the entire country. The regulatory clarity situation in the UAE continues to draw international participants and promote new digital asset innovations.
