- du unveils “Cloud Miner,” a Bitcoin cloud mining service for UAE residents.
- The platform eliminates the need for hardware, electricity, and maintenance.
- Service launch marks du’s expansion into digital finance and blockchain technology.
In a move reflecting the UAE’s growing embrace of digital finance, du, the nation’s second-largest telecom operator, has launched Cloud Miner, a mining-as-a-service platform designed to make cryptocurrency mining accessible to the general public.
The platform, operated under the company’s du Tech brand, offers users the opportunity to mine Bitcoin and other cryptocurrencies without investing in costly hardware or managing complex operations.
According to du, Cloud Miner subscribers can participate through an online auction between November 3 and 9, after which mining operations can begin immediately. The service provides computational power from du’s advanced data centers, ensuring energy efficiency and security compliance within the UAE’s regulatory framework.
Chief ICT Officer Jasim Al Awadi emphasized that the new offering represents du’s entry into the broader digital asset ecosystem. “Once customer adoption becomes higher, it enables other adjacencies in the industry,” he stated, referencing potential future ventures in crypto exchanges and lending services.
Cloud Miner’s Subscription-Based Mining Model
The Cloud Miner platform operates on a subscription model, allowing users to rent computational capacity instead of purchasing physical equipment. Each contract offers 250 terahashes per second of processing power over a 24-month lock-in period. This capacity directly translates into Bitcoin earnings, automatically credited to users’ linked crypto wallets.
A forthcoming profit calculator will let participants estimate their monthly Bitcoin output and its corresponding market value. du’s hashrate pricing, according to industry trackers such as Crypto Compare, is among the more cost-effective options currently available in the market.
By eliminating the need to manage power consumption and maintenance, du aims to make crypto mining more approachable for non-technical consumers. “In the coming years, we expect to see more people adopting it as we expand the mining-as-a-service capabilities,” Mr. Al Awadi noted.
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UAE Strengthens Blockchain Adoption Drive
The launch aligns with the UAE’s national drive to advance blockchain adoption and position itself as a global hub for financial innovation. Over recent years, the country has introduced regulations to foster transparency and trust in the crypto industry, attracting both startups and institutional investors.
Bitcoin’s sustained popularity, despite price volatility, continues to signal investor confidence in digital assets. As Mr. Al Awadi remarked, “For people to trust mining, they need a trusted partner that follows all the rules and regulations of the country.”
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