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Phoenix

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 <p class="is-style-lead">Following its <a rel="dofollow" title="listing" href="https://thebittimes.com/tag/listing.html">listing</a> on the Abu Dhabi Securities Exchange (ADX), Middle Eastern Bitcoin mining company Phoenix Group has announced a new deal with Whats<a rel="dofollow" title="miner" href="https://thebittimes.com/tag/miner.html">miner</a>, the second largest Bitcoin mining machine manufacturer.</p> 
 <p>The <a rel="dofollow" title="contract" href="https://thebittimes.com/tag/contract.html">contract</a>, surpassing $380 million, stands as Whats<a rel="dofollow" title="miner" href="https://thebittimes.com/tag/miner.html">miner</a>’s most substantial order in the last two years, underscoring Phoenix Group’s commanding presence in the Middle East’s burgeoning tech and blockchain landscape.</p> 
 <h2 class="wp-block-heading" id="a-dynamic-landscape">A dynamic landscape</h2> 
 <p>The agreement&nbsp;is said to involve the immediate delivery of mining equipment valued at $136 million, coupled with an additional option worth $246 million. The deal indicates Phoenix Group’s dedication to upholding its market leadership in the dynamic landscape of Bitcoin mining, especially during a period of significant excitement and growth within the industry.</p> 
 <p>As an existing partner and exclusive distributor of WhatsMiner, Phoenix Group is further advancing its position by collaborating with WhatsMiner to integrate hydro cooling <a rel="dofollow" title="miner" href="https://thebittimes.com/tag/miner.html">miner</a>s to establish cutting-edge high-performance computing (HPC) data centers.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Crypto mining firm Phoenix Group delays share listing date 
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 <h2 class="wp-block-heading" id="the-successful-ipo">The successful IPO</h2> 
 <p>Phoenix Group initially reported its&nbsp;successful IPO on Nov. 21, after which it experienced an exceptional response as subscriptions surpassed the initial offering price by 33 times.</p> 
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  <div class="wp-block-embed__wrapper"> <iframe title="UAE’s Phoenix Group gears up for IPO in Abu Dhabi" width="1020" height="574" src="https://www.youtube.com/embed/5fY6s4S461I?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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 <p>The <a rel="dofollow" title="listing" href="https://thebittimes.com/tag/listing.html">listing</a> also showcased remarkable excitement by retail investors, with subscriptions exceeding expectations 180 times over.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin miner Phoenix Group’s $370m IPO overwhelms with massive subscription rate 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/phoenix-group-secures-380m-contract-with-whatsminer-post-adx-listing-tbt72964.html">https://thebittimes.com/phoenix-group-secures-380m-contract-with-whatsminer-post-adx-listing-tbt72964.html</a></p>

Phoenix Group secures $380m contract with Whatsminer post-ADX listing

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