Phoenix Group secures 80-megawatt power deal in Ethiopia to expand bitcoin mining operations.

Phoenix Group, a UAE-based crypto firm, has secured an 80-megawatt power deal in Ethiopia to expand its bitcoin mining operations. Expected to start in the second quarter, this move strengthens Phoenix's position as a leading miner and signals plans for further growth in Africa and South America. The deal, part of Phoenix's global expansion, includes discussions for listing on NASDAQ.

2 months ago
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