UAE’s Phoenix Group opens US crypto mining facility
Reuters/Kacper Pempel
Phoenix Group, an Abu Dhabi Securities Exchange-listed company and one of the world’s leading Bitcoin miners, has launched its 50 megawatt (MW) cryptocurrency mining facility in North Dakota, part of its bid to expand its capabilities and investments in the US.
The site, completed in record time, strengthens its position as a leader in delivering large-scale, high-performance digital asset infrastructure.
After being fully operational, the site will add more than 2.7 exahashes – a unit of measurement used to quantify the processing power of a cryptocurrency mining network – to…
