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This 22-year-old survives Lebanon with a bitcoin mining business that’s been earning $20,000 a month
KEY POINTS Ahmad Abu Daher, 22, says he and his team of more than 40 Lebanese and Syrian employees are working around the clock to man thousands of machines across the country. He got into the business after graduating from university into an environment of financial chaos, as the country’s banking system collapses and hyperinflation takes root. He’s one of many Lebanese turning to crypto mining to stay afloat. Ahmad Abu Daher repairing mining equipment in the basement of a home in Zaarouriyeh. Ahmad Abu Daher It takes a lot to keep a grassroots cryptocurrency mining business up and running in Lebanon. Ahmad Abu Daher says he and his team of more than 40 Lebanese and Syrian employees are working around the clock to man thousands of machines across the country. “We can’t sleep. We can’t have any break,” the 22-year-old Abu Daher told CNBC at 2:36 A.M. Lebanon time. “All of my team are still awake. They don’t sleep. Our shift is working 16 hours per day, and sometimes, up to 18 or ...
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