UAE Telecom du Launches 250TH/s Bitcoin Cloud Mining Service
UAE telecom operator du has introduced a Bitcoin cloud mining service called "Cloud Miner". Subscribers can bid in an online auction from November 3–9 for 250 TH/s of computing power on a 24-month contract. The cloud mining service manages hardware, electricity, and maintenance, lowering barriers for UAE users. Mined BTC is credited directly to user wallets. du enforces KYC/AML via UAE Pass and two-factor authentication. The service runs on du’s data centers and features transparent pricing with no hidden fees.
du’s chief ICT officer emphasised trust and clear regulation. The launch benefits from the UAE’s transparent crypto framework overseen by the SCA, VARA, and FSRA. As the first UAE telecom to offer Bitcoin cloud mining, du plans to expand into exchanges and lending services. This move could boost retail participation in BTC mining and strengthen the UAE’s blockchain ecosystem.
Bullish
du’s entry into Bitcoin cloud mining service lowers barriers for retail users and leverages existing infrastructure to boost BTC mining participation. In the short term, increased mining options can drive demand for hashing power and public interest. Long term, it signals mainstream telecom involvement and a supportive regulatory environment, reinforcing network security and adoption, which is bullish for Bitcoin.