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Phoenix Group, a UAE-based cryptocurrency mining and blockchain technology company, operates a bitcoin mining facility in Canada. The company has stated that this site has one of the lowest electricity prices in its portfolio at $0.039 USD per kWh and has an uptime of over 97%. This site adds 700 petahashes per second (PH/s) to Phoenix Group's total hashrate.
Phoenix Group, a UAE-based cryptocurrency mining and blockchain technology company founded in 2017, is a diversified technology and investment group listed on the Abu Dhabi Securities Exchange (ADX). With a global presence across the US, Canada, UAE, CIS, and Oman, it employs approximately 200–500 professionals.
The company operates across four main verticals: Trading, Hosting, Self Mining, and Investments. It focuses on both established sectors, such as mining and data center development, and emerging areas like Web3 technologies and regulated digital asset exchanges. The company's headquarters are located in Abu Dhabi, with additional operations in Dubai. A key goal for the group is to build a sustainable future by exploring self-powered systems.
Mar 12, 2026
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