Exahertz poised to solidify Oman as a significant player in the global blockchain industry

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.

Eng. Saeed Bin Hamoud Al Mawali, 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 Fredrick 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.”

Fredrick 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, Fredrick 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 unparallelled progress.”

Exahertz plans to expand rapidly by investing substantial capital and debt to build a 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. The facility has provided valuable data and insights that have played a pivotal role in shaping the understanding of challenges and solutions in the blockchain space and the harsh conditions of the region.

District Cooling provider Tabreed-Oman has taken on the critical task of providing sustainable cooling solutions for the data centre, ensuring energy-efficient operations.

“Blockchain technology and crypto mining offer significant potential for economic growth in our country. By embracing blockchain, we can create a more efficient and secure infrastructure for transactions and data management, while crypto mining can attract investments, generate employment opportunities, and contribute to the development of a thriving digital economy,” says Salah Al Zakwani from Shumookh Investment and Services.

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