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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the Gulf's strategy to institutionalize the digital asset sector, Oman has launched 'Omanhash', a state-backed national Bitcoin mining pool. According to reports, the pool is specifically designed for licensed operators within the Sultanate. Joining the Omanhash pool is now mandatory for all licensed miners in the country, with the project expected to reach an initial production capacity of approximately 10 EH/s in its first phase.
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Sign InThis initiative arrives as regional peers, such as the UAE, expand their mining footprint through major partnerships like those with Marathon Digital. Per market data, Oman's centralized approach aims to streamline regulatory oversight and energy allocation. Targeting 10 EH/s represents a significant portion of global hashrate, signaling Oman's intent to leverage its infrastructure for sovereign-level participation in the Bitcoin network.
Looking ahead, Bitcoin was trading near $64,250 (close June 18, 2026) as markets digest shifting macroeconomic signals. Investors should watch for the 'Interest Rate Decision' from various central banks listed in the June 16 calendar, as monetary policy remains a key driver for crypto asset volatility. For local operators, the immediate focus will be the technical migration to the mandatory Omanhash infrastructure.