Bitcoin Magazine
Phoenix Group Amps Up Their Bitcoin Mining Power To a Global Capacity of Over 500 Megawatts
On April 29, 2025, Phoenix Group revealed, in a news release sent out to Bitcoin Magazine, that it has actually included fifty-two megawatts of Bitcoin mining capacity in Ethiopia, increasing its overall in the nation to one hundred and thirty-two megawatts. With this advancement, Phoenix Group now runs more than 5 hundred megawatts worldwide. This greatly enhances their credibility as one of the world’s leading 10 Bitcoin miners, and provides adequate chances to remain a huge gamer in the Bitcoin mining market. This growth follows an earlier eighty megawatts power purchase arrangement that really began Phoenix Group’s entry into the Ethiopian market.
New Milestone Achieved!
Phoenix Group includes 52MW of Bitcoin mining capacity in Ethiopia, bringing the nation’s overall to 132MW and our global capacity to 500+ MW throughout 5 nations.
Powered 90% by tidy hydropower, making it possible for scalable and sustainable mining.تم تحقيق إنجاز جديد!… pic.twitter.com/RE7Ss6K9rf
— Phoenix Group (@phoenixgroupuae) April 29, 2025
The brand-new website in Ethiopia will be integrated in 2 phases. Phase 1 will trigger twenty megawatts of capacity utilizing 5 thousand and 3 hundred high-efficiency air-cooled mining systems, with an output of 1.2 exahashes per 2nd (EH/s). Phase 2 is anticipated to be finished by the end of Q2 2025, and will include thirty-two megawatts utilizing hydro-cooling innovation, doubling the website’s hash rate to 2.4 EH/s.
“Phoenix Group has rapidly become a leading force among the top ten global Bitcoin mining companies, a testament to our strategic foresight in securing prime locations with abundant, low-cost energy and our operational excellence driven by vertical integration and cutting-edge technology,” stated Munaf Ali, CEO and Co-Founder of Phoenix Group. “The opportunities for future growth are immense, and we are committed to aggressively expanding our global footprint in key energy markets.”
Importantly, over 90% of the energy powering Phoenix’s Ethiopian operations originates from the Grand Ethiopian Renaissance Dam, one of Africa’s biggest sources of eco-friendly hydropower. This places the website as one of the most sustainable massive Bitcoin mining tasks worldwide, according to the release.
“With one hundred and thirty-two megawatts of clean hydropower now operational in Ethiopia, we’re proud to set a new standard for green mining in Africa,” included Reza Nedjatian, CEO of Phoenix Mining, AI & Data Centers.
This post Phoenix Group Amps Up Their Bitcoin Mining Power To a Global Capacity of Over 500 Megawatts initially appeared on Bitcoin Magazine and is composed by Jenna Montgomery.
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