Mining Grid, a prominent blockchain and Bitcoin mining solutions provider, is set to hold its first-ever event dedicated to the rapidly growing crypto and blockchain industry in the Middle East. The event, scheduled for September 28, 2024, in Dubai, is sponsored by ICONX and will feature expert discussions on trends like digital currencies, decentralized finance (DeFi), market adoption, and regulatory developments.
The Middle East, with its progressive policies and technological advancements, is becoming a significant player in the global crypto and blockchain sector. Studies predict a 15% market growth for digital currencies worldwide over the next five years, with key markets like the UAE and Saudi Arabia leading the way due to favorable regulations and strategic investments.
The UAE, in particular, has seen its share of global Bitcoin mining rise to 4%, up from 3.7% last year. With the global Bitcoin mining market expected to reach $2.8 billion by 2028, the region’s growing involvement is driven by institutional investments, regulatory support, and advancements in mining technology.
Mining Grid, led by H.H. Sheikh Saeed bin Hasher Al Maktoum, Solaiman Al-Rifai, and Rami Alsridi, gained international attention with last year’s successful Mining Race event.
The upcoming Dubai event marks a major step for the company as it solidifies its leadership in blockchain innovation and Bitcoin mining in the region.
Reflecting on the event, Solaiman Al-Rifai, Founder and Board Member of Mining Grid, said, “The official launch of Mining Race in the Middle East showcases the region’s growing influence in the global blockchain and cryptocurrency space. After last year’s success, we’re eager to deepen community ties by connecting innovators, investors, and regulators.”
Ali Abuzinjal, Founder and CEO of ICONX, expressed excitement over their involvement: “We are proud to sponsor Mining Grid’s inaugural event. This gathering is an excellent platform to bring together key players to shape the future of blockchain in the Middle East.”
Rami Alsridi, Founder and CEO of Mining Grid, added, “Our mission is to revolutionize the Bitcoin mining industry through innovative, secure solutions and community-driven platforms.”
This event aims to foster collaboration among institutional investors, tech innovators, crypto startups, and traders, contributing to the continued growth of the region’s blockchain ecosystem.
