• TEXT= DATE: 26.05.2025 Akarun  |  IDO  | GameFi
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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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Phoenix Group Bitcoin mining expansion

Phoenix Group Bitcoin mining expansion hits 132 megawatts in Ethiopia

https://icn.live/wp-content/uploads/2025/04/phoenix-btc.mp3
  • by ICN.live
Yousef Haddad

Phoenix Group Bitcoin mining expansion just took a giant leap with a new 52 megawatt boost in Ethiopia.

This brings their total in the country to an impressive 132 megawatts. It also solidifies their position among the world’s top ten Bitcoin miners. The strategic expansion aligns with their vision of dominating key energy markets using cutting-edge and eco-conscious infrastructure.

The move follows an earlier 80 megawatt power purchase agreement. That deal marked Phoenix’s original entry into Ethiopia’s high-potential energy market. Now, with this latest milestone, Phoenix operates over 500 megawatts of mining power globally. The group is clearly on a fast track toward global dominance in the crypto mining space.

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Phase one: operational power and speed

The new Ethiopian site will be completed in two phases.
Phase one will add 20 megawatts, powered by 5,300 air-cooled mining units. This hardware will deliver a powerful 1.2 exahashes per second (EH/s). It’s a massive injection of processing power that will immediately ramp up mining productivity.

Phoenix Group Bitcoin mining expansion reflects its aggressive, tech-driven approach. With each strategic move, they double down on energy efficiency and speed.

Phase two is set for completion by the end of Q2 2025.
This phase adds 32 megawatts using advanced hydro-cooling. Once operational, the hash rate will double to 2.4 EH/s, pushing the Ethiopian operation into elite status for green mining. It’s not just about size—it’s about sustainability too.

Over 90% of the site’s energy comes from the Grand Ethiopian Renaissance Dam. This makes it one of the most environmentally responsible large-scale Bitcoin mining operations worldwide.

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Phoenix’s strategy: energy, efficiency, expansion

Phoenix Group Bitcoin mining expansion proves the firm’s edge in securing prime, low-cost energy markets. CEO Munaf Ali emphasizes the company’s focus on vertical integration and next-gen technologies. Their ability to scale fast while staying green is turning heads across the industry.

“Opportunities for future growth are immense,” says Ali, “and we are committed to aggressively expanding in key energy markets.” This echoes Phoenix’s philosophy—build fast, think green, and dominate globally.

Reza Nedjatian, CEO of Phoenix Mining, adds that 132 megawatts of hydropower now fuel their Ethiopia project. He calls it a new standard for green mining in Africa.

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Why is Phoenix Group’s expansion in Ethiopia significant for Bitcoin mining?

Phoenix Group’s 132 megawatt capacity in Ethiopia is a game-changer due to both scale and sustainability. It marks one of the largest green Bitcoin mining setups in Africa, tapping into clean hydropower from the Grand Ethiopian Renaissance Dam. The expansion also boosts Phoenix’s global capacity to over 500 megawatts, firmly placing them among the world’s top ten miners. This project shows how serious players can scale up while prioritizing energy efficiency, cost optimization, and environmentally responsible operations.

How does renewable energy play a role in Phoenix Group’s mining strategy?

Renewable energy is at the core of Phoenix Group’s mining model. Over 90% of the power for their Ethiopian site comes from hydroelectric sources. This allows them to operate at a lower cost and with minimal environmental impact. As sustainability becomes more important in crypto, Phoenix’s green approach sets a strong example. They prove that you can scale operations without increasing carbon footprints—especially when sourcing power from massive projects like Ethiopia’s Renaissance Dam.

What technologies are used in Phoenix Group’s new mining site?

The expansion will use both air-cooled and hydro-cooled mining technologies. Phase 1 uses 5,300 high-efficiency air-cooled machines delivering 1.2 EH/s. Phase 2, expected by mid-2025, introduces hydro-cooling, which will double performance to 2.4 EH/s. These systems help optimize power consumption and reduce heat. Phoenix’s focus on vertical integration and tech efficiency ensures they stay ahead of the curve in both performance and sustainability.

What’s next for Phoenix Group in the global mining industry?

Phoenix Group has made it clear—they’re not slowing down. With operations now active in Ethiopia and a global presence exceeding 500 megawatts, their roadmap points to further expansion in emerging energy markets. Their focus on clean, scalable power combined with cutting-edge technology gives them a competitive advantage. The company’s bold statements suggest aggressive moves in other regions too, potentially reshaping the global landscape for eco-conscious Bitcoin mining.

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