{"id":94061,"date":"2025-04-30T05:03:31","date_gmt":"2025-04-30T05:03:31","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2025\/04\/30\/phoenix-group-amps-up-their-bitcoin-mining-power-to-a-global-capacity-of-over-500-megawatts\/"},"modified":"2025-04-30T05:03:31","modified_gmt":"2025-04-30T05:03:31","slug":"phoenix-group-amps-up-their-bitcoin-mining-power-to-a-global-capacity-of-over-500-megawatts","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2025\/04\/30\/phoenix-group-amps-up-their-bitcoin-mining-power-to-a-global-capacity-of-over-500-megawatts\/","title":{"rendered":"Phoenix Group Amps Up Their Bitcoin Mining Power To A Global Capacity Of Over 500 Megawatts"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-td-block-uid=\"tdi_61\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p class=\"nitro-lazy\">On April 29, 2025, <a href=\"https:\/\/phoenixgroupuae.com\/\" target=\"_blank\" rel=\"noopener\">Phoenix Group<\/a> announced, in a press release sent to Bitcoin Magazine, that it has added fifty-two megawatts of Bitcoin mining capacity in Ethiopia, increasing its total in the country to one hundred and thirty-two megawatts. With this development, Phoenix Group now operates more than five hundred megawatts globally. This heavily strengthens their reputation as one of the world\u2019s top ten <a href=\"https:\/\/bitcoinmagazine.com\/guides\/what-is-bitcoin\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/guides\/what-is-bitcoin\">Bitcoin<\/a> miners, and gives them ample opportunities to stay a big player in the Bitcoin mining industry. This expansion follows an earlier eighty megawatts power purchase agreement that actually started Phoenix Group\u2019s entry into the Ethiopian market.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">New Milestone Achieved!<br \/>Phoenix Group adds 52MW of Bitcoin mining capacity in Ethiopia, bringing the country\u2019s total to 132MW and our global capacity to 500+ MW across 5 countries.<br \/>Powered 90% by clean hydropower, enabling scalable and sustainable mining.<\/p>\n<p>\u062a\u0645 \u062a\u062d\u0642\u064a\u0642 \u0625\u0646\u062c\u0627\u0632 \u062c\u062f\u064a\u062f!\u2026 <a href=\"https:\/\/t.co\/RE7Ss6K9rf\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/RE7Ss6K9rf<\/a><\/p>\n<p>\u2014 Phoenix Group (@phoenixgroupuae) <a href=\"https:\/\/twitter.com\/phoenixgroupuae\/status\/1917142871528059306?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 29, 2025<\/a><\/p><\/blockquote>\n<p><template data-nitro-marker-id=\"83b926d767a9ed3e82c910cc56deb9c5-1\"\/><template data-nitro-marker-id=\"372de9843891598aa58675a785cc4349-1\"\/> <\/div>\n<\/figure>\n<p>The new site in Ethiopia will be built in two stages. Phase 1 will activate twenty megawatts of capacity using five thousand and three hundred high-efficiency air-cooled mining units, with an output of 1.2 exahashes per second (EH\/s). Phase 2 is expected to be completed by the end of Q2 2025, and will add thirty-two megawatts using hydro-cooling technology, doubling the site\u2019s hash rate to 2.4 EH\/s.\u00a0<\/p>\n<p>\u201cPhoenix Group has rapidly become a leading force among the top ten global <a href=\"https:\/\/bitcoinmagazine.com\/guides\/bitcoin-mining\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/guides\/bitcoin-mining\">Bitcoin mining<\/a> 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,\u201d said Munaf Ali, CEO and Co-Founder of Phoenix Group. \u201cThe opportunities for future growth are immense, and we are committed to aggressively expanding our global footprint in key energy markets.\u201d\u00a0<\/p>\n<p>Importantly, over 90% of the energy powering Phoenix\u2019s Ethiopian operations comes from the Grand Ethiopian Renaissance Dam, one of Africa\u2019s largest sources of renewable hydropower. This positions the site as one of the most sustainable large-scale Bitcoin mining projects globally, according to the release.<\/p>\n<p>\u00a0\u201cWith one hundred and thirty-two megawatts of clean hydropower now operational in Ethiopia, we\u2019re proud to set a new standard for green mining in Africa,\u201d added Reza Nedjatian, CEO of Phoenix Mining, AI &amp; Data Centers.<\/p>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/news\/phoenix-group-amps-up-their-bitcoin-mining-power-to-a-global-capacity-of-over-500-megawatts\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 29, 2025, Phoenix Group announced, in a press release sent to Bitcoin Magazine, that it has added fifty-two megawatts of Bitcoin mining capacity<\/p>\n","protected":false},"author":1,"featured_media":94062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[151],"tags":[],"class_list":["post-94061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/94061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=94061"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/94061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/94062"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=94061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=94061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=94061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}