Phoenix Group Scales Global Blockchain Operations with New 50MW Facility
- Phoenix Group’s North Dakota facility adds over 2.7 exahashes to its global hash rate.
- Completed in under five months, the site showcases engineering efficiency and scalability.
- The facility strengthens the company’s position as a leader in blockchain innovation.
Phoenix Group has opened a 50-megawatt blockchain mining facility in North Dakota, according to a post on X by the Group. Once fully operational, the site will contribute more than 2.7 exa-hashes (EH) to the company’s global hash rate. This reinforces the company’s commitment to securing blockchain networks and meeting the growing demand for digital assets.
Munaf Ali, CEO of Phoenix Group, described the project as a testament to the company’s engineering and operational expertise. “The investment and opening of the Dakota site is an important step in our strategy to grow our mining capacity globally and in the United States,” Ali said.
“Building and energizing a 50MW site in less than five months reflects the speed, precision, and innovation that set Phoenix Group apart in the competitive Bitcoin mining industry.”
Strategic Milestone for Phoenix Group
According to the press statem…
The post Phoenix Group Scales Global Blockchain Operations with New 50MW Facility appeared first on Coin Edition.
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Phoenix Group Scales Global Blockchain Operations with New 50MW Facility
- Phoenix Group’s North Dakota facility adds over 2.7 exahashes to its global hash rate.
- Completed in under five months, the site showcases engineering efficiency and scalability.
- The facility strengthens the company’s position as a leader in blockchain innovation.
Phoenix Group has opened a 50-megawatt blockchain mining facility in North Dakota, according to a post on X by the Group. Once fully operational, the site will contribute more than 2.7 exa-hashes (EH) to the company’s global hash rate. This reinforces the company’s commitment to securing blockchain networks and meeting the growing demand for digital assets.
Munaf Ali, CEO of Phoenix Group, described the project as a testament to the company’s engineering and operational expertise. “The investment and opening of the Dakota site is an important step in our strategy to grow our mining capacity globally and in the United States,” Ali said.
“Building and energizing a 50MW site in less than five months reflects the speed, precision, and innovation that set Phoenix Group apart in the competitive Bitcoin mining industry.”
Strategic Milestone for Phoenix Group
According to the press statem…
The post Phoenix Group Scales Global Blockchain Operations with New 50MW Facility appeared first on Coin Edition.
Read More
The Future of Cryptocurrency Regulation Worldwide