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 whole within the nation to 1 hundred and thirty-two megawatts. With this growth, Phoenix Group now operates greater than 5 hundred megawatts globally. This closely strengthens their fame as one of many world’s prime 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 web site in Ethiopia will likely be inbuilt two phases. 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 predicted to be accomplished by the tip 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 rapidly become a leading force among the top ten global Bitcoin mining companies, a testament to our strategic foresight in securing prime locations with abundant, low-cost energy and our operational excellence driven by vertical integration and cutting-edge technology,” stated Munaf Ali, CEO and Co-Founding father of Phoenix Group. “The opportunities for future growth are immense, and we are committed to aggressively expanding our global footprint in key energy markets.”
Importantly, over 90% of the power powering Phoenix’s Ethiopian operations comes from the Grand Ethiopian Renaissance Dam, certainly one of Africa’s largest sources of renewable hydropower. This positions the positioning as one of the crucial sustainable large-scale Bitcoin mining initiatives globally, in line with the discharge.
“With one hundred and thirty-two megawatts of clean hydropower now operational in Ethiopia, we’re proud to set a new standard for green mining in Africa,” added Reza Nedjatian, CEO of Phoenix Mining, AI & Information Facilities.
