USA based Meer Energy, Co-Founder Abdullah Han , was one of the speakers in June 2023’s 10 th Arab China Business Conference, in Riyadh KSA, under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, where he met with positive feedback for his concept of developing a Blockchain AI Bitcoin and carbon credit mining datacenter in the country. In an interview with LaraontheBlock, Han explains why he participated at the Arab China Business Conference and how his business model was received. According to Han, Meer Energy a US based company for Bitcoin mining which utilizes flared gas to power its datacenters is working to expand its business model which includes Blockchain, AI datacenter as well as Carbon Credit tokenization to the Middle East, African and Asian region. Han believes that the future of industrialization will be driven by blockchain and AI (Artificial Intelligence) and this requires energy ...

News spread in May 2022 that Central African President Faustin Archange Touadera was travelling to the UAE to oversee the launch the crypto mining company. This came after Central Africa affirmed Bitcoin as a legal tender in the country. The website African Intelligence was the news platform that mentioned the President’s visit to UAE on May 12 th 2022. LeMonde News platform stated that due to lack of infrastructure in Central African state, the mining company for Bitcoin would be located in Dubai.   Nothing else was reported on this, and no official comments were made on this by UAE officials.  This comes at a time when VARA (Virtual Asset Regulatory Authority) in Dubai UAE, stated that it would be regulating crypto mining operations. Already a sovereign wealth fund in Abu Dhabi is building one of the world’s biggest crypto mining farms with strategic advisors, Roland Berger.  In addition US Crusoe Energy, which mines Bitcoin using wasted natural gas expanded in...