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Monday, July 7, 2025

South Korea immerses in Metaverse as Oman backs crypto mining - The News Minute

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In this article, we have curated a list of the top-5 crypto stories from this week that will help you stay in sync with the crypto ecosystem.
Oman backs mining to cut gas flaring
Crusoe Energy, a US-based company that specializes in exploiting excess natural gas for bitcoin mining, is set to deploy generators and mining equipment in Muscat and Oman, as the Middle East is aiming to reduce emissions.
The Sultanate of Oman's sovereign wealth fund invested in Crusoe, which claims to assist fossil-fuel producers to reduce flaring by using stranded natural gas to power cryptocurrency mining instead. The Middle East and North African (MENA) region accounts for 38 percent of the world's excess natural gas from oil wells.
Crusoe will assemble an...



Read Full Story: https://www.thenewsminute.com/article/south-korea-immerses-metaverse-oman-bac...

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