United Arab Emirates-based Bitcoin (BTC) miner Phoenix Group PLC from Bitmain Ordered $187 million worth of mining equipment.
Bijan Alizadehfard, CEO of Phoenix Group, “This agreement, following our successful IPO and partnerships, is a testament to our relentless pursuit of excellence and reinforces our leadership in this field.” said.
Phoenix Group made an agreement with Whatsminer, one of Bitmain’s biggest competitors, last month. $136 million He ordered the device.
With the devices to be purchased from Bitmain, the company’s hashing power and market share will “increase significantly” While this was said, no details were given about the company’s current hashing power.
Bitcoin (BTC) miners are accelerating their work before the halving, which is expected to take place in April. With this update, the BTC rewards received per block will increase. cut in half will be.
At CleanSpark earlier this week $193 million from Bitmain He ordered the device.