BUSINESS REPORTER
MUSCAT, AUG 15
Exahertz, a Muscat-based start-up, has made significant strides in Oman’s blockchain industry as it secures government approval for its massive blockchain data centre project in Salalah.
With the backing of Axeron Capital Holding Ltd, Moonwalk Systems FZCO, and Shumookh Investment and Services, Exahertz aims to establish Oman as a leading blockchain hub in the Middle East, alongside its neighbouring countries.
The Ministry of Transport, Communications and Information Technology, along with the Authority for Public Services Regulations (APSR), is providing support for this ambitious venture, highlighting Oman’s commitment to infrastructure development and job creation across various sectors.
The government is actively working with Exahertz and other stakeholders to attract foreign investments and leverage submarine cables to propel Oman’s digital economy.
Eng Said bin Hamoud al Maawali, Minister of Transport, Communications and Information Technology said that the “Ministry of Transport, Communications and Information Technology seeks to build cooperative partnerships with leading local and international private sector entities in the various types of digital technologies, as the Ministry works to attract foreign investments in this ever-developing industry.”
Moreover, he added that “This effort will fulfil our expectations and goals for bolstering the Sultanate of Oman’s digital economy and making full use of submarine cables that connect the Sultanate of Oman to the rest of the continents digitally.”
“Through our project, we aspire to shape the future of software-defined data centres, paving the way for flexible applications that seamlessly adapt to the ever-evolving computing landscape,” emphasised Jad Kharma, the Founder of Axeron and CEO of Exahertz.
“It is with great conviction that I underscore the immense significance of blockchain computing as the bedrock of the digital economy. This technology empowers us to make further investments in Web 3.0, Industry 4.0, and AI infrastructure, propelling us into a new era of innovation and growth.”
Jad Kharma further expressed his pride in Exahertz’s collaboration with industry leaders and visionaries, stating, “At Exahertz, we take immense pride in partnering with esteemed individuals who share our vision, as we collectively design the next generation of software and hardware solutions. “These advancements will play a pivotal role in supporting Oman’s future growth and solidifying its position as a tech-forward nation.”
Reflecting on the interconnected nature of blockchain and hyperscale data centres, Jad Kharma added, “Blockchain, hyperscale and energy are becoming synonymous. Building an adequate and efficient infrastructure is the key to unlocking success in this convergence.
“We must prioritise the establishment of a robust framework that harmoniously integrates these elements to drive unparalleled progress.”
Shaikh Dr Mansour bin Talib al Hinai, Chairman of Oman’s Authority for Public Services Regulations, expressed excitement about the commencement of such projects in Oman.
Al Hinai emphasised the authority’s commitment to modernising Oman’s business diversification and technology industry, showcasing their support for Exahertz and its contribution to future capabilities.
Exahertz plans to expand rapidly by investing substantial capital and debt to build cutting-edge infrastructure sourced from national factories.
Their strategic partnerships and focus on hydro and immersion cooling mining technologies will help control power costs and ensure operational efficiency.
Notably, Exahertz has garnered support from key industry players, positioning itself as one of the leading Bitcoin mining firms in the region.
Renowned blockchain heavyweight Bitmain is collaborating with Exahertz to operate and supply mining equipment.
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