3rd Wave is a leading cryptocurrency mining and infrastructure company operating one of the largest and highest-scale Bitcoin mining data centers in the Middle East. The mining farm was established in 2019 and is located in a designated free zone, providing strategic advantages in energy access, regulatory support, and operational efficiency. The facility spans a total area of 37,500 square meters (excluding the dedicated electricity substation), with 37 separate halls covering 10,000 square meters of operational space. It includes two water pools with a combined capacity of 2,000 liters to support the advanced cooling system required for high-density ASIC mining operations. The site has achieved a peak operating mining rate of 2 million TH/s (terahashes per second), reflecting its significant contribution to the Bitcoin network's hashrate. 3rd Wave focuses on industrial-scale Bitcoin mining, leveraging the facility's design for maximum uptime, energy efficiency, and scalability. With 201-500 employees, the company continues to maintain and optimize its massive mining infrastructure in the region. As of January 2, 2026, 3rd Wave is active with ongoing Bitcoin mining operations at its 37,500 sqm facility in the Middle East.
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June 2026 Bitcoin Mining & AI Infrastructure Update: Kevin O’Leary scales back massive Utah AI project after political backlash, MARA transforms with $1.5B Ohio power plant acquisition, Bitdeer breaks ground on 100 MW Alberta gas-powered site, IREN accelerates Nvidia AI pivot, DMG signs 50 MW AI colocation LOI, plus regulatory moves in North Carolina, Riot patent lawsuit, Strategy’s $10.8B unrealized loss, and Cathie Wood’s $1.5M BTC target.




June 2026 Bitcoin Mining & AI Infrastructure Update: Kevin O’Leary scales back massive Utah AI project after political backlash, MARA transforms with $1.5B Ohio power plant acquisition, Bitdeer breaks ground on 100 MW Alberta gas-powered site, IREN accelerates Nvidia AI pivot, DMG signs 50 MW AI colocation LOI, plus regulatory moves in North Carolina, Riot patent lawsuit, Strategy’s $10.8B unrealized loss, and Cathie Wood’s $1.5M BTC target.


