Skip to content
  • All News
  • Regional News
    • Southeast Asia News
    • South Asia News
    • Northeast Asia News
    • Australasia News
  •   Awards
  • Events
    • Southeast Asia Events
    • South Asia Events
    • Middle East Events
    • Northeast Asia Events
    • Australasia Events
    • Past Events
  • On-Demand
  • Our Story
  • Contact Us
Menu
  • All News
  • Regional News
    • Southeast Asia News
    • South Asia News
    • Northeast Asia News
    • Australasia News
  •   Awards
  • Events
    • Southeast Asia Events
    • South Asia Events
    • Middle East Events
    • Northeast Asia Events
    • Australasia Events
    • Past Events
  • On-Demand
  • Our Story
  • Contact Us
Member Login & Register Beta
Login
World News

GMT to build a State-of-the-art Data Centre in United Arab Emirates

Image credit: iStock

GMT is set to build a state-of-the-art data centre in the United Arab Emirates amid the country becoming increasingly crypto-friendly, with several crypto and blockchain projects flocking there every month.

The company is actively evaluating several sites throughout the Emirates as it looks to commence construction of its UAE-based data centre.

“GMT’s expansion is very significant for us; we are looking at making the UAE our global headquarters and bringing our expertise to the UAE via a mining centre of excellence, service and repair facilities, in addition to a blockchain research and development centre,” said GMT CEO, Mark Zalan.

GMT investing in UAE-based DC

GMT will invest heavily in developing its UAE-based data centre (the exact details of the centre’s whereabouts are yet to come). All mining equipment will be stored indoors, with round-the-clock security personnel and CCTV cameras to ensure that no valuable equipment is stolen.

Only the most powerful and modern miners, the Bitmain Antminer S19 Pro (110Th) and Antminer S19 (95Th) will be used in this facility.

A total of 5,000 brand-new miners will be running at GMT’s UAE data centre, with the fleet of miners having a combined power capacity of 20 megawatts (MW), according to a report in Gulf News.

All of the miners will be stored in immersion cooling tanks because this type of cooling is very effective at protecting the equipment from high temperatures, in addition to boosting their computing power (meaning more bitcoins being mined per day).

Another key advantage of immersion cooling is it makes bitcoin mining considerably more profitable, as it slashes energy consumption. For instance, research by Allied Control found that immersion cooling reduces the amount of electricity needed to mine one BTC by approximately 90 per cent.

This type of cooling also makes the miners more reliable because it prevents dust and dirt – which can cause overheating – from getting into the equipment and resulting in downtime.

GMT tokens

The report further added that crypto enthusiasts can start mining Bitcoin with GMT by simply purchasing GMT tokens, which are available on several centralised and decentralised exchanges, such as Bittrex, MEXC Global, and UniSwap.

Investors will then automatically start receiving Bitcoin rewards every day. The amount they receive depends on the number of GMT tokens they own, as each token is backed by real computing power that is deployed to mine BTC.

In comparison, traditional Bitcoin mining and other cryptocurrencies involve purchasing an ASIC miner or setting up your own GPU miner. This requires a large upfront investment for equipment, and you’ll also be responsible for maintaining it.

Furthermore, depending on where you live, it is often not profitable to mine Bitcoin this way, due to high electricity prices.

Publish on W.Media
  • May 27, 2022
Author Info - W.Media
Anuradha Nagar
Anuradha Nagar
Share This Article
PrevPrevious PostNVIDIA posts record Q1 revenues: Fuelled by Data Centres, Gaming
Next PostHow India’s largest neutral telecom infrastructure is preparing for 5GNext
Other Popular Posts
9fad13ab-018a-4ee9-8fcf-a83ed53c8d0c
South Asia News
January 4, 2023

Cloud Is A Big Game Changer: Microsoft CEO Satya Nadella

west china(1)
Northeast Asia News
February 21, 2022

How the World’s First and Only Data Centre Project Will Change Billions of People’s Lives

PLDT-makati-office
Southeast Asia News
December 6, 2022

PLDT to Expedite the Deployment of Cable Landing Stations

starhub
Southeast Asia News
January 18, 2023

Singapore Operator StarHub Starts Multi-cloud Network Transformation

Image credit: Plant Magazine
South Asia News
July 8, 2021

New Solar thermal facility established in Hyderabad

Image credit: TechGig
South Asia News
August 30, 2021

Barco partners with Inflow to provide hybrid collaboration and meeting experience solutions

W.Media is a Technology Publishing Company & Community Hub.

Our comprehensive taxonomy includes - breaking news, digital marketing and events targeted at Cloud/IT, Datacenters and Connectivity

Receive the latest news.

We'll keep you in the loop.

Great! now press

Our Story

Contact Us

Advertise on W. Media Platforms

Terms & Conditions

Privacy Policy

© 2022 W.Media. All Rights Reserved