71 Digital

0 (0 reviews)
Location United Arab Emirates
Website 71digital.io/

Business Description

71 Digital Inc., founded in 2023 and registered at the RAK DAO Business Centre in Ras Al Khaimah, operates as a bitcoin mining hosting and infrastructure management company serving institutional and retail clients across the UAE, Canada (Alberta), the United States, Oman, and Ethiopia.

The company's service stack covers four verticals: crypto mining hosting in air-cooled, hydro-cooled, and immersion-cooled configurations; CAPEX site acquisition and lease structuring; ASIC hardware sourcing and deployment supporting Bitmain Antminer and Whatsminer fleets; and full-suite mining operations and site management. Cloud hosting contracts run on two-year renewable terms; turnkey site solutions carry five-year contracts with renewal options. UAE-based hosting carries power rates of $0.067, $0.069 per kWh, with a stated 24-hour installation turnaround for incoming hardware.

Current operating capacity stands at 23 MW in the UAE, with 50 MW live across the full multi-country footprint and a 200 MW development pipeline in active buildout. Beyond bitcoin mining infrastructure, 71 Digital has disclosed a 1 GW AI data center project under development in Oman, extending its portfolio into GPU cluster deployment and co-location for AI developers and institutional data center operators, with multi-megawatt power allocation supporting both. A deployment case cited on the company website involved a UAE site secured and energized at 2.5 MW within 60 days, covering land, power, and hardware procurement.

The client model covers four segments: family offices seeking BTC treasury exposure, large-scale miners scaling across jurisdictions, sovereign wealth funds and government entities pursuing CAPEX infrastructure, and high-net-worth individuals seeking co-mining access. All engagements flow through a single-partner model handling land access, power procurement, hardware logistics, and ongoing facility management. Geographic diversification across sub-Saharan Africa (Ethiopia), the Gulf (Oman, UAE), and North America (Alberta, USA) gives clients multi-region deployment options and jurisdictional risk distribution.

Registered through RAK DAO (Ras Al Khaimah's Digital Assets Oasis free zone), 71 Digital benefits from the UAE's tax-free digital asset infrastructure regime and operates under the virtual assets regulatory framework. The company maintains a second operations office at Opus Tower, sixth floor, Business Bay, Dubai. CEO Ahmad Al Redha leads the firm; Tareq Almarzooqi is a named member of the core team. Headcount is reported at 10, 50 employees in company filings.

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