Bitcoin

Phoenix

Phoenix Group PLC, has sealed a groundbreaking $380 million contract with <a href="https://ultramining.com/en/manufacturers/microbt/" rel="noopener noreferrer nofollow">Whatsminer</a>, a leading manufacturer of cryptocurrency mining <a href="https://ultramining.com/hardware/" rel="noopener noreferrer nofollow">hardware</a>. This deal, announced following Phoenix Group's successful listing on the Abu Dhabi Securities Exchange (ADX), represents the largest order for Whatsminer in the past two years, reinforcing Phoenix Group's leadership in the Middle East's tech and blockchain sector, according to <a href="https://www.globenewswire.com/news-release/2023/12/07/2792403/0/en/Phoenix-Group-and-Whatsminer-Seal-380M-Deal-for-Sustainable-Hydro-Powered-Mining-Innovation.html" rel="noopener noreferrer nofollow">Globenewswire</a>.
The contract includes an immediate delivery of <a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/" rel="noopener noreferrer nofollow">mining equipment</a> worth $136 million, with an additional option of $246 million. This strategic decision demonstrates Phoenix Group's commitment to staying at the forefront of Bitcoin mining during a period of considerable growth and excitement in the industry.
Phoenix Group has taken a significant step forward by incorporating hydro cooling miners in collaboration with WhatsMiner. This initiative aims to establish world-class High-Performance Computing (HPC) <a href="https://ultramining.com/news/en/crypto-miners-shift-gears-ai-is-the-new-gold-rush/" rel="noopener noreferrer nofollow">data centers</a>, reflecting a commitment to eco-friendly crypto mining and positioning Phoenix Group as a leader in efficient and responsible mining solutions.

Phoenix Group Strikes $380M Deal with Whatsminer

Ultramining_Eng

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