Phoenix Group Doubles Down on Mining Dominance with USD 187 Million Bitmain Deal, Following Historic Partnerships and IPO Success
ABU DHABI, UAE – 09/01/2024 – (SeaPRwire) – Phoenix Group PLC, the Middle East’s premier Bitcoin mining powerhouse and a global leader in blockchain technology, continues its meteoric rise with a landmark USD 187 million deal for cutting-edge mining machines from industry giant Bitmain. This strategic acquisition comes hot on the heels of their record-breaking partnerships with Whatsminer, announced in December 2023, and the company’s monumental IPO on the Abu Dhabi Securities Exchange (ADX) in the same month. These combined moves solidify Phoenix Group’s position as a dominant force in the global mining landscape and a rising star in the tech world.
“This latest deal, following our successful IPO and partnerships, signals our relentless pursuit of excellence and solidifies our leade...