1 year ago
Bitcoin (BTC) miner Phoenix Group secured a $380 cardinal hardware woody from Whatsminer little than 2 days aft its banal debuted connected the Abu Dhabi Securities Exchange (ADX).
In a Dec. 7 statement, the miner stated it would instrumentality contiguous transportation of $136 cardinal worthy of mining equipment, with an further enactment worthy $246 million. Phoenix claims the woody marks the largest bid for Whatsminer successful the past 2 years.
The Middle East-based miner furthered that it was integrating hydrocooling miners successful collaboration with WhatsMiner to found world-class high-performance computing (HPC) information centers.
According to the firm, this determination reflects its committedness to eco-friendly crypto-mining practices and further positions it astatine the forefront of businesslike and liable mining solutions.
Munaf Ali, Phoenix Group’s co-founder, explained that partnering with Whatsminer and processing hydrocooling technologies are cardinal to the company’s imaginativeness for sustainable and innovative mining operations. He added:
“These advancements are not lone a leap successful our technological capabilities but besides align with our committedness to biology responsibility.”
Phoenix Group did not supply details astir the benignant of mining machines it was purchasing.
Meanwhile, Phoenix is not the lone miner that has made important investments successful its hardware. Texas-based Bitcoin miner Riot Platforms precocious acquired much than 66,000 mining machines for $290 cardinal with MicroBT.
Phoenix Group is making waves
This improvement follows the miner’s historic debut connected the Abu Dhabi Securities Exchange (ADX) connected Dec. 5 aft raising $370 million from its archetypal nationalist offering successful November.
Data from ADX’s website shows that the miner’s banal has been mostly positive, with its marketplace capitalization moving to much than $4 billion, oregon 15.1 cardinal AED (dirhams), wrong the archetypal 2 days of trading.
Bijan Alizadehfard, the co-founder and the radical CEO of the company, said the firm’s palmy listing connected the ADX has empowered it to prosecute important partnerships with large mining firms similar Whatsminer and has besides enhanced the firm’s capabilities successful the blockchain and cryptocurrency sector.
The station Phoenix Group secures $380M woody for sustainable Bitcoin mining equipment appeared archetypal connected CryptoSlate.
English (US) 