Bitcoin miner Phoenix Group adds 52 MW of mining capacity in Ethiopia

Phoenix Group added 52 megawatts to its Ethiopian Bitcoin mining operations, raising its total there to 132 megawatts, with a reported over 500 megawatts worldwide.

Bitcoin mining firm Phoenix Group announced the addition of 52 megawatts (MW) worth of mining capacity to its capabilities in Ethiopia.

According to an April 29 announcement, with this latest addition, Phoenix’s Bitcoin mining capacity in Ethiopia reaches 132 MW. The firm’s global capacity now reportedly exceeds 500 MW.

Phoenix’s co-founder and CEO, Munaf Ali, said the firm’s strategy relies on “securing prime locations with abundant, low-cost energy.”

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