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Phoenix Group to Double Capacity, Eye US Listing

6/21/2025

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Summary

Story summary

Phoenix Group, the Abu Dhabi-based Bitcoin miner, is set to double its data center capacity to over 1 gigawatt in just two years. With ambitions to venture into artificial intelligence and a potential US listing, CEO Munaf Ali highlighted the innovative use of 20-foot containers, showcasing the company's commitment to flexibility and growth in the tech landscape.

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Story summary

Phoenix Group, the Abu Dhabi-based Bitcoin miner, is set to double its data center capacity to over 1 gigawatt in just two years. With ambitions to venture into artificial intelligence and a potential US listing, CEO Munaf Ali highlighted the innovative use of 20-foot containers, showcasing the company's commitment to flexibility and growth in the tech landscape.