Oman’s National Bitcoin Mining Pool Initiative
In a significant move toward regulating cryptocurrency mining, Oman has established a compulsory national bitcoin mining pool, requiring all licensed miners within its borders to direct their computing power through a newly created state-supported platform. The initiative, known as Omanhash.om, was introduced by the Ministry of Transport, Communications, and Information Technology (MTCIT) on June 17, 2026. This pool now stands as the sole legal option for all licensed cryptocurrency mining operations in Oman, making participation a requirement rather than a choice.
Technological Backbone and Management
The technological backbone of this initiative comes from Enegix Global, a well-known provider of digital energy solutions and infrastructure. They have created the necessary technology and liquidity framework for Omanhash.om. Simultaneously, management and operational tasks are carried out by Frontier Technologies LLC (Frontech), an Omani firm specializing in blockchain and Web3 projects based in Muscat.
This development marks Enegix’s second engagement with a national government for establishing a mining pool. The first was in Kazakhstan, where it launched btcpool.kz, recognized as the first government-approved bitcoin mining pool linked to state tax systems. According to Olzhas Amirov, Enegix Global’s CBDO, the experiences in Kazakhstan have validated the operational model they are replicating in Oman. He emphasized that having a clear regulatory framework aids miners in working legally, minimizing tax burdens, and fostering transparent interactions with governing bodies.
Oman’s Contribution to the Global Bitcoin Network
Current data points to Oman’s contribution of approximately 3% to the global bitcoin network hash rate, equating to around 30 EH/s. With initial expectations set for 10 EH/s for Omanhash.om, when combined with Enegix’s other pools, such as 21pool.io and btcpool.kz, their total operational hash rate could potentially reach 25 EH/s. The ultimate goal set forth by Enegix is to achieve 30 EH/s as they expand their infrastructure.
Investment and Economic Diversification
Since around 2022, Oman has garnered substantial investment in large-scale mining, attributed to its advantageous geographical position, existing power resources, and its cooler environments found particularly around Salalah. The Salalah Free Zone has seen mining and data center investments surpassing $700 million, housing significant operations led by licensed entities like Exahertz and Green Data City.
This initiative aligns with the larger scope of Oman Vision 2040, a strategic plan aimed at diversifying the economy away from oil dependence. While cryptocurrencies are not recognized as legal tender per the Central Bank’s policies, the country encourages regulated mining practices. Prior to the establishment of Omanhash.om, miners in Oman functioned under a decentralized structure, making this established national pool a significant consolidation of industry activity.
Operational Model and Compliance
Omanhash.om employs a Full Pay-Per-Share (FPPS) payout system, allowing miners to earn rewards based on their share contributions, regardless of whether the mining pool successfully finds a block. The operational model ensures miners register on the platform, connect their mining hardware, and participate fully. This centralized approach allows regulators enhanced oversight of the mining sector’s hashrate, revenue distributions, and adherence to compliance requirements.
“Oman is among the pioneering countries to implement a systematic regulatory framework in cryptocurrency mining.” – Gauhar Kagira, Enegix’s Mining Pool Director
The successful model previously developed in Kazakhstan has laid the groundwork for Enegix’s operations in Oman, supporting robust reporting to tax authorities and streamlining licensed hashrate activities.
Future Prospects
Enegix operates substantial data centers in Kazakhstan and Canada, boasting up to 250 MW of capacity, while also exploring expansion into North America through Enegix Canada (Corse Energy Corp.), where they integrate gas extraction, on-site energy production, and bitcoin mining enhanced by AI and high-performance computing.
The long-term viability of the Omanhash.om model will hinge on whether it can deliver competitive returns while aligning with the nation’s economic objectives.
