{"id":11592,"date":"2025-04-30T07:04:29","date_gmt":"2025-04-30T05:04:29","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=11592"},"modified":"2025-04-30T07:04:29","modified_gmt":"2025-04-30T05:04:29","slug":"phoenix-group-supercharges-bitcoin-mining-with-a-global-capacity-surpassing-500-megawatts","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/04\/30\/phoenix-group-supercharges-bitcoin-mining-with-a-global-capacity-surpassing-500-megawatts\/","title":{"rendered":"Phoenix Group Supercharges Bitcoin Mining with a Global Capacity Surpassing 500 Megawatts"},"content":{"rendered":"<p> &#8220;`html<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> declared, in a statement issued to Bitcoin Magazine, that it has incorporated fifty-two megawatts of Bitcoin mining capability in Ethiopia, elevating its total in the nation to one hundred and thirty-two megawatts. This progression means that Phoenix Group now manages more than five hundred megawatts globally. This significantly enhances their standing as one of the world&#8217;s 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, providing them with substantial opportunities to remain a major participant in the Bitcoin mining sector. This expansion follows a prior eighty megawatts power purchase agreement that truly initiated 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\">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 facility in Ethiopia will be constructed in two phases. Phase 1 will initiate twenty megawatts of capacity utilizing five thousand and three hundred high-efficiency air-cooled mining units, achieving a yield of 1.2 exahashes per second (EH\/s). Phase 2 is projected to be finished by the conclusion of Q2 2025, and will incorporate thirty-two megawatts using hydro-cooling technology, thereby doubling the facility\u2019s hash rate to 2.4 EH\/s.<\/p>\n<p>\u201cPhoenix Group has swiftly emerged as a dominant influence 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> firms, a reflection of our strategic insight in securing premium locations with abundant, low-cost energy and our operational excellence propelled by vertical integration and state-of-the-art technology,\u201d remarked Munaf Ali, CEO and Co-Founder of Phoenix Group. \u201cThe prospects for future expansion are vast, and we are dedicated to actively extending our international presence in vital energy markets.\u201d<\/p>\n<p>Crucially, over 90% of the power that drives Phoenix\u2019s Ethiopian operations is sourced from the Grand Ethiopian Renaissance Dam, one of Africa\u2019s most significant sources of renewable hydropower. This situates the facility as one of the most sustainable large-scale Bitcoin mining initiatives globally, according to the announcement.<\/p>\n<p>\u00a0\u201cWith one hundred and thirty-two megawatts of clean hydropower currently operational in Ethiopia, we\u2019re proud to set a new benchmark 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><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html On April 29, 2025, Phoenix Group declared, in a statement issued to Bitcoin Magazine, that it has incorporated fifty-two megawatts of Bitcoin mining capability in Ethiopia, elevating its total in the nation to one hundred and thirty-two megawatts. This progression means that Phoenix Group now manages more than five hundred megawatts globally. This significantly<\/p>\n","protected":false},"author":3,"featured_media":11593,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[2280],"class_list":["post-11592","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-phoenix-group-amps-up-their-bitcoin-mining-power-to-a-global-capacity-of-over-500-megawatts-gpt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Phoenix Group Supercharges Bitcoin Mining with a Global Capacity Surpassing 500 Megawatts - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/04\/30\/phoenix-group-supercharges-bitcoin-mining-with-a-global-capacity-surpassing-500-megawatts\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Group Supercharges Bitcoin Mining with a Global Capacity Surpassing 500 Megawatts - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html On April 29, 2025, Phoenix Group declared, in a statement issued to Bitcoin Magazine, that it has incorporated fifty-two megawatts of Bitcoin mining capability in Ethiopia, elevating its total in the nation to one hundred and thirty-two megawatts. 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