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 whole 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 fame as one of many world’s high ten Bitcoin miners, and provides them ample alternatives to remain an enormous participant within the Bitcoin mining trade. This growth follows an earlier eighty megawatts energy buy settlement that truly began Phoenix Group’s entry into the Ethiopian market.
The brand new web site in Ethiopia will likely be in-built two phases. Part 1 will activate twenty megawatts of capability utilizing 5 thousand and 300 high-efficiency air-cooled mining models, with an output of 1.2 exahashes per second (EH/s). Part 2 is predicted to be accomplished by the top 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 power among the many high ten world Bitcoin mining firms, a testomony to our strategic foresight in securing prime areas with ample, low-cost power and our operational excellence pushed by vertical integration and cutting-edge expertise,” stated 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 world footprint in key power markets.”
Importantly, over 90% of the power powering Phoenix’s Ethiopian operations comes from the Grand Ethiopian Renaissance Dam, one in all Africa’s largest sources of renewable hydropower. This positions the location as some of the sustainable large-scale Bitcoin mining initiatives globally, in response to the discharge.
“With 100 and thirty-two megawatts of unpolluted hydropower now operational in Ethiopia, we’re proud to set a brand new customary for inexperienced mining in Africa,” added Reza Nedjatian, CEO of Phoenix Mining, AI & Knowledge Facilities.
