UAE Bitcoin Miner Signs Order Worth Over $380 Million With Microbt

UAE Bitcoin Miner Signs Order Worth Over $380 Million With Microbt

United Arab Emirates-based bitcoin miner Phoenix Group PLC has signed an order worth more than $380 million with Whatsminer mining rig maker Microbt. Bijan Alizadehfard described the collaboration with Microbt as a reflection of his company’s “strategic foresight.”
Microbt to Integrate Hydro-Cooling Miners
Phoenix Group PLC, a bitcoin mining company based in the United Arab Emirates (UAE), has signed an order worth more than $380 million with Microbt, a mining rig manufacturer. As part of the agreement, Phoenix Group PLC will receive mining equipment valued at $136 million, with an additional option worth $246 million.
The UAE-based bitcoin miner is also collaborating with Microbt to integrate hydro-cooling miners, which is a significant milestone towards Phoenix Group’s goal of creating High-Performance Computing (HPC) data centers. Bijan Alizadehfard, the co-founder and CEO of Phoenix Group PLC, described the collaboration with Microbt as a reflection of his company’s strat

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