Crypto Miners: Cryptocurrency Mining in Bahrain Reinforces Its Global Industry Leadership

Crypto Miners, a leading company specializing in the sale, installation, and maintenance of cryptocurrency mining equipment, stated that the growing momentum of mining operations—particularly Bitcoin and other digital currencies—within Bahrain is significantly enhancing the kingdom's status as a competitive regional hub and an influential player in the global cryptocurrency market. This progress is also contributing to the attraction of increased foreign direct investment into this promising sector. The company highlighted that Bahrain's progressive financial ecosystem and well-structured legislative framework, coupled with a rising societal awareness of digital economy concepts, form a solid foundation for companies to enter and thrive in the cryptocurrency domain. Crypto Miners pointed out that Bahrain's balanced regulatory environment, supported by advanced tech infrastructure, provides an ideal foundation for the sustainable growth of the cryptocurrency mining sector. These conditions enable Bahraini firms not only to flourish locally but also to export their expertise and services to international markets. Mr. Wassim Saaduddin, Technical Sales Manager at Crypto Miners, underscored the company's ongoing support for the development of the cryptocurrency mining sector in Bahrain, noting that this commitment stems from a strong belief in Bahrain's potential to emerge as a global centre for digital currency mining. Mr. Saaduddin said, 'Crypto Miners operates under a comprehensive vision focused on localizing this high-tech industry, establishing the required infrastructure, and facilitating the transfer of knowledge through the training of skilled national talent.'
Mr. Saaduddin further added, 'As part of its corporate social responsibility, Crypto Miners is committed to enhancing public awareness of digital currencies across various segments of Bahraini society. We actively engage in educational initiatives and awareness campaigns, while also striving to provide safe and reliable investment opportunities in the sector. Through our strategic efforts, we aim to contribute to positioning Bahrain as a regional and global leader in cryptocurrencies and blockchain technologies—an objective that fully aligns with the Kingdom's Economic Vision 2030, which prioritizes innovation and digital transformation.'

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Daily Tribune

20 hours ago

• Daily Tribune

Bahrain emerges as key Gulf hub for sustainable investment opportunities

Bahrain took center stage in the global investment landscape as it hosted the official regional launch of the World Investment Report 2025 by UN Trade & Development (UNCTAD) at Swiss-Belhotel, Manama. The event brought together economists and private sector leaders to explore the latest trends in Foreign Direct Investment (FDI), with special attention to Bahrain's evolving investment profile. The report was launched simultaneously in major cities including New York, London, Tokyo, and Cairo, underscoring its global relevance. According to the report, in Bahrain greenfield investments, a key indicator of long-term investor confidence, showed remarkable growth. Double In 2024 Greenfield investment doubled, reaching $1.5 billion. The manufacturing sector saw notable gains, while financial services remained the largest FDI recipient, attracting $2 billion of the total $2.5 billion invested. Bahrain's financial sector remains a dominant force, accounting for $30 billion of the country's total $46 billion in FDI stock. It continues to represent the backbone of foreign capital in the Kingdom. The manufacturing and business services sectors followed, reflecting a diversification push aligned with Bahrain's Economic Vision 2030.

Daily Tribune

a day ago

• Daily Tribune

Diplomats deployed to Turkmenistan to assist Bahrainis

TDT | Manama As part of its ongoing efforts to facilitate the return of Bahraini citizens stranded abroad in countries affected by current developments, the Ministry of Foreign Affairs has deployed a team of Bahraini diplomats to Turkmenistan. The diplomats are overseeing and coordinating with the relevant Turkmen authorities to streamline entry procedures for Bahraini citizens stranded in the Islamic Republic of Iran, enabling their transit through Turkmenistan and onward travel to the Kingdom of Bahrain via Gulf Air, the national carrier.

Biz Bahrain

a day ago

• Biz Bahrain

Bahrain and UK sign Second Strategic Investment and Collaboration Partnership (SIP2)

In the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, and as part of HRH's official visit to the United Kingdom, the Kingdom of Bahrain and the United Kingdom signed the Second Strategic Investment and Collaboration Partnership (SIP2). The agreement was signed by Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, on behalf of Bahrain, and Rachel Reeves, Chancellor of the Exchequer, on behalf of the United Kingdom. Shaikh Salman bin Khalifa emphasised the strength of the longstanding relations between Bahrain and the United Kingdom, and the steady progress across various domains. He highlighted the mutual commitment to advancing cooperation, particularly in finance and economy. He noted that the SIP2 will support economic growth and job creation in both countries, particularly in shared priority sectors such as financial services, technology, industry, and decarbonisation efforts. As part of the partnership, the Bahraini private sector will invest £2 billion in the United Kingdom to support projects that contribute to carbon reduction and sustainable development. Shaikh Salman bin Khalifa highlighted that the agreement marks a new milestone in economic cooperation between the two countries. It also aligns with Bahrain's efforts to enhance a dynamic and attractive investment environment and boost the competitiveness of its national economy. He further noted that the UK's accession to the Comprehensive Security Integration and Prosperity Agreement (C-SIPA), following an invitation from Bahrain and the United States, will reinforce economic and strategic ties and create new opportunities that benefit both countries and their peoples. Shaikh Salman bin Khalifa underscored the importance of deepening strategic partnerships with allied countries to support sustainable growth, generate quality employment opportunities, promote innovation, and enable knowledge and expertise exchange. BNA(R)