- Phoenix Digital Mining - Phoenix VC - Block One Technology - Phoenix Store - Phoenix Fund - Phoenix USA
"Today, the Phoenix Group, while privately owned, consists of multiple divisions across various geographical locations."
(2:59:20)
"Phoenix has recently acquired a U.S. listed entity for the purpose of listing some of the Phoenix Group's income generating assets on the U.S. stock market. We expect to able to share more information with you in early 2022."
UAE-based Phoenix Technology Consultants has signed a $650 million order for crypto mining rigs, one of the largest purchases on record, CEO Munaf Ali said at the World Digital Mining Summit (WDMS), which started in Tuesday in Dubai.
Deliveries of the “new generation” machines will start in 2022. Phoenix will also place orders for over $2 billion worth of crypto mining application-specific integrated circuits (ASICs) in the third quarter of 2022.
Phoenix’s mining facility will consume over 600MW of electricity and will further expand to reach 1.4GW within the next 18-24 months, Ali said.
Core Scientific co-founder and co-Chairman Darin Feinstein congratulated the Phoenix Tech CEO on the purchase, adding that he is glad to see more decentralization of the Bitcoin network.
Bitmain will announce its new miner during the conference Wednesday, said Xiaotong Li, sales director of EMEA & CIS Region said during another WDMS presentation.
Phoenix Tech is affiliated with Phoenix Store, Bitmain’s distributor in the Middle East.
- Phoenix Digital Mining - Phoenix VC - Block One Technology - Phoenix Store - Phoenix Fund - Phoenix USA
"Today, the Phoenix Group, while privately owned, consists of multiple divisions across various geographical locations."
(2:59:20)
"Phoenix has recently acquired a U.S. listed entity for the purpose of listing some of the Phoenix Group's income generating assets on the U.S. stock market. We expect to able to share more information with you in early 2022."
UAE-based Phoenix Technology Consultants has signed a $650 million order for crypto mining rigs, one of the largest purchases on record, CEO Munaf Ali said at the World Digital Mining Summit (WDMS), which started in Tuesday in Dubai.
Deliveries of the “new generation” machines will start in 2022. Phoenix will also place orders for over $2 billion worth of crypto mining application-specific integrated circuits (ASICs) in the third quarter of 2022.
Phoenix’s mining facility will consume over 600MW of electricity and will further expand to reach 1.4GW within the next 18-24 months, Ali said.
Core Scientific co-founder and co-Chairman Darin Feinstein congratulated the Phoenix Tech CEO on the purchase, adding that he is glad to see more decentralization of the Bitcoin network.
Bitmain will announce its new miner during the conference Wednesday, said Xiaotong Li, sales director of EMEA & CIS Region said during another WDMS presentation.
Phoenix Tech is affiliated with Phoenix Store, Bitmain’s distributor in the Middle East.
Well yeah and a half later… TCRI announces the CEO AND CFO of Phoenix on BOD of TCRI, you have the Founder as a supra majority shareholders of TCRI, and you have the same Address, I mean...
They are also going public on the Dubai exchange on 11/16.