Abu Dhabi-listed Phoenix Group deepens its U.S. footprint with the opening of a 50 MW crypto mining site in North Dakota.
Phoenix Group has opened a 50 MW crypto mining facility in North Dakota, as the Abu Dhabi-based firm doubles down on its plan to expand Bitcoin (BTC) mining operations in the U.S., per an Arabian Gulf Business Insight report.
The facility will add over 2.7 exahashes to Phoenix Group’s mining arm once fully operational. Phoenix Mining chief executive Reza Nedjatian described the U.S. as a key market for the company, calling the new facility a vital step in its investment strategy. The latest expansion follows another move to strengthen its U.S. presence, as Phoenix Group previously opened a 25 MW mining facility in Willamette, South Carolina.
You might also like: Bitcoin to $225,000? Analysts predict a profitable year for Bitcoin mining stocks
Founded in 2017, Phoenix Group is the largest crypto mining operator in the MENA region as it manages 765 MW of mining facilities in the U.S., Canada, and the UAE. The firm is also the distributor of MicroBT Bitcoin mining devices in countries like Egypt, Turkey, and Kenya, among others.
In October 2023, Phoenix Group became the first private crypto and blockchain company listed on the Abu Dhabi Securities Exchange. Its IPO raised $370 million, with subscriptions exceeding the initial offer by 33 times. The strong interest from retail investors also surpassed expectations by 180 times. Phoenix Group plans to list on Nasdaq by 2025 to grow its global presence, although the exact timeline is still unclear.
Read more: Phoenix Group expands mining fleet with $187m Bitmain deal post-IPO
where to buy cheap clomiphene no prescription can i buy cheap clomid pill where to buy cheap clomiphene without dr prescription can you get clomid pills can i purchase cheap clomid prices order cheap clomiphene price can you get clomiphene pills
This website exceedingly has all of the tidings and facts I needed to this thesis and didn’t identify who to ask.
More posts like this would force the blogosphere more useful.
azithromycin 500mg for sale – order zithromax 250mg online flagyl 200mg pills
buy generic semaglutide for sale – cyproheptadine 4mg uk order cyproheptadine 4mg without prescription
augmentin 1000mg over the counter – atbioinfo order ampicillin pills
order esomeprazole 40mg online cheap – https://anexamate.com/ buy esomeprazole 40mg
buy coumadin 2mg without prescription – https://coumamide.com/ buy generic losartan over the counter
mobic 15mg over the counter – relieve pain mobic generic
deltasone 20mg us – arthritis deltasone 5mg for sale
erection pills – fastedtotake.com where to buy over the counter ed pills
cheap amoxicillin – buy amoxicillin generic buy amoxil
oral fluconazole 100mg – how to get forcan without a prescription order forcan pill