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, growing its complete within the nation to 1 hundred and thirty-two megawatts. With this improvement, Phoenix Group now operates greater than 5 hundred megawatts globally. This closely strengthens their repute as one of many world’s high ten Bitcoin miners, and offers them ample alternatives to remain an enormous participant within the Bitcoin mining business. This enlargement 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 will likely be inbuilt two levels. Part 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). Part 2 is anticipated to be accomplished by the top of Q2 2025, and can add thirty-two megawatts utilizing hydro-cooling expertise, doubling the positioning’s hash fee to 2.4 EH/s.
“Phoenix Group has quickly grow to be a number one drive among the many high ten international Bitcoin mining firms, a testomony to our strategic foresight in securing prime areas with considerable, 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, considered one of Africa’s largest sources of renewable hydropower. This positions the positioning as probably the most sustainable large-scale Bitcoin mining tasks globally, in line with the discharge.
“With 100 and thirty-two megawatts of fresh 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 & Information Facilities.
