Phoenix Group Adds 52MW of Bitcoin Mining Capacity to Ethiopia Facility

Bitcoin mining company Phoenix Group has announced plans to add 52MW of cryptomining capacity to its existing site in Ethiopia which already has an 80MW mining capacity. The new expansion takes the company’s total capacity in Ethiopia to 132MW, and will raise its global capacity to more than 500MW across five countries.

“With 132 MW now running on clean hydropower, we’re proud to set a new benchmark for sustainable mining in Africa and deliver large-scale operations in energy-rich regions,” said Reza Nedjatian, CEO of Phoenix Mining, AI & Data Centers.

Construction on the Dakota facility began just five months prior to its energization. Munaf Ali, CEO of Phoenix Group, said: “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 in 2025 and beyond. Building and energizing a 50MW site in less than five months is a testament to the extraordinary capability of our engineering and operations teams.”