On April 29, 2025, Phoenix Group introduced, in a press launch despatched to Bitcoin Journal, that it has added fifty-two megawatts of Bitcoin mining capability in Ethiopia, rising its complete within the nation to at least one hundred and thirty-two megawatts. With this improvement, Phoenix Group now operates greater than 5 hundred megawatts globally. This closely strengthens their popularity as one of many world’s high ten Bitcoin miners, and provides them ample alternatives to remain an enormous participant within the Bitcoin mining business. This growth follows an earlier eighty megawatts energy buy settlement that really began Phoenix Group’s entry into the Ethiopian market.
The brand new website in Ethiopia shall be in-built two levels. Section 1 will activate twenty megawatts of capability utilizing 5 thousand and 300 high-efficiency air-cooled mining items, with an output of 1.2 exahashes per second (EH/s). Section 2 is predicted to be accomplished by the tip of Q2 2025, and can add thirty-two megawatts utilizing hydro-cooling expertise, doubling the location’s hash price to 2.4 EH/s.
“Phoenix Group has quickly turn into a number one pressure among the many high ten international Bitcoin mining corporations, a testomony to our strategic foresight in securing prime areas with ample, low-cost vitality and our operational excellence pushed by vertical integration and cutting-edge expertise,” mentioned Munaf Ali, CEO and Co-Founding father of Phoenix Group. “The alternatives for future development are immense, and we’re dedicated to aggressively increasing our international footprint in key vitality markets.”
Importantly, over 90% of the vitality powering Phoenix’s Ethiopian operations comes from the Grand Ethiopian Renaissance Dam, one in every of Africa’s largest sources of renewable hydropower. This positions the location as some of the sustainable large-scale Bitcoin mining initiatives globally, based on the discharge.
“With 100 and thirty-two megawatts of fresh hydropower now operational in Ethiopia, we’re proud to set a brand new commonplace for inexperienced mining in Africa,” added Reza Nedjatian, CEO of Phoenix Mining, AI & Knowledge Facilities.
