According to Wu, Abu Dhabi Technology Group Phoenix Group announced a partnership with UAE cybersecurity company Data7 to obtain an 80 megawatt power purchase agreement (PPA) in Ethiopia, scheduled to be operational in the second quarter of 2025 to expand its Bitcoin mining capacity. This project is part of the group's strategy to expand into the African market, which is expected to significantly enhance its computing power levels and lay the groundwork for its planned Nasdaq listing. Previously, the group launched a 50 megawatt cryptocurrency mining facility in North Dakota, USA, while also planning to further increase capacity in Africa and South America.

According to Wu, Abu Dhabi's Phoenix Group has announced a partnership with UAE-based cybersecurity company Data7 to secure an 80 megawatt power purchase agreement (PPA) in Ethiopia, scheduled to go live in the second quarter of 2025, aiming to expand its Bitcoin mining capacity. This project is part of the group's strategy to expand into the African market and is expected to significantly enhance its computing power levels and lay the groundwork for its planned NASDAQ listing. Previously, the group launched a 50 megawatt cryptocurrency mining facility in North Dakota, USA, while also planning to further increase capacity in Africa and South America.

Phoenix Group advances Bitcoin mining layout in Africa, securing an 80 trillion watt power agreement with Ethiopia.