Phoenix Group recently added 52 megawatts to its Bitcoin mining operations in Ethiopia, increasing its capacity to 132 megawatts. The expansion aims to utilize low-cost energy sources and emphasizes commitment to environmentally-friendly practices.
The new mining site will be developed in two phases, aiming for a hash rate of 1.2 exahashes per second by utilizing 20 megawatts. The full capacity of 52 megawatts is expected to be operational by the second quarter of 2025.
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