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It becomes less profitable for miners to operate in countries where it once was (Japan, USA).

There are 2 reasons:
⏺the increase in electricity costs;
⏺excessive consumption.
The latter has led to energy shortages in some countries, resulting in mining bans (e.g., China), creating obstacles for investors.

⛏The Middle East attracts those seeking profit from mining investments.

🖇Experienced miners understand that Middle Eastern countries have all the conditions for developing this industry: cheap electricity and a surplus of it.

Want to learn more about the specifics of the region?
Read the post↖️