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MIDDLE EAST

With headquarters in the UAE , the company is led by H . H . Sheikh Saeed bin Hasher Al-Maktoum , Solaiman Al-Rifai and Rami Alsridi .

According to Chainalysis , Middle East & North Africa has the sixth-largest crypto economy of any region , estimated at US $ 389.8 billion in on-chain value between July 2022 and June 2023 . As the demand for blockchain technology continues to surge in the region , the Mining Race positions itself at the forefront of innovation . According to reports , UAE , in particular , has seen a remarkable increase in crypto adoption and has been ranked third globally , achieving a score of seven out of 10 .

The Mining Race offers a user-friendly platform that unites its subscribers ( known as racers ). Boasting a growing community of 1,500 subscribers , it aims to build a community of at least 1 million users by 2025 . Mining Grid will connect the racers by assigning them a position ( known as Spot ) in the network and redistribute mining rewards based on a preprogrammed structure . Available both on IOS and Google – the interface is streamlined , allowing racers to effortlessly set up an account , book their spot and connect with a Bitcoin miner .

Rami Alsridi , Co-founder and Managing Director , Mining Grid , said : “ We pride ourselves on providing enhanced accessibility for individuals keen on Bitcoin mining . The Mining Race app allows users to access mining services such as buying a Bitcoin Miner with Hosting services , monitoring its performance and receiving their mining rewards . Our platform is designed to cater to both experienced miners and those exploring the crypto space for the first time .”

Traditional Bitcoin mining is reliant on non-renewable energy , posing significant environmental challenges . The Race to Zero Carbon initiative by Mining Grid positions the mining industry as a key player in shaping a sustainable future . Each racer contributes towards the initiative , showcasing our commitment to supporting projects aligned with our vision for sustainable energy and environmental stewardship .

Solaiman Al-Rifai , Board Member , Mining Grid , added : “ Mining Race addresses the evolving needs of the diverse blockchain community in the Middle East . As the region embraces the future of technology , Mining Grid leads the charge with a commitment to innovation , sustainability and a greener tomorrow .”

The company ’ s cutting-edge initiative is set to democratise asset mining to drive the global adoption of Bitcoin and uphold a strong commitment to environmental , social and governance ( ESG ) values . Its in-house software development capabilities play a pivotal role in supporting both projects and the community . �

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