Phoenix Group Powers 50MW Facility in North Dakota Expanding Global Hashrate

Phoenix Group PLC, a leading tech conglomerate listed on the Abu Dhabi Securities Exchange (ADX: PHX), has announced the successful launch of its 50MW mining facility in North Dakota. The project, completed in record time, highlights the company’s expertise in delivering large-scale, high-performance digital asset infrastructure.

Boosting Global Hash Rate with Advanced Capabilities

Now fully operational, the North Dakota facility will add over 2.7 exahashes (EH) to Phoenix Group’s global hash rate. This enhancement significantly bolsters the company’s ability to secure blockchain networks while showcasing its dedication to innovation and scalability. The site marks an initial step in expanding Phoenix Group’s mining footprint in both the UAE and the United States.

“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 5 months is a testament to the extraordinary capability of our engineering and operations teams. This milestone reflects the speed, precision, and innovation that set Phoenix Group apart in the competitive Bitcoin mining industry.” said Munaf Ali, CEO of Phoenix Group.

Reza Nedjatian, Chief Executive Officer of Phoenix Group’s Global Mining Operations, added: “The United States has always been a key hub for our mining operations and the opening of the Dakota site is another major step in Phoenix Group expanding its investment in this key market.”

Strategic Milestone in Sustainable Growth

The new facility represents a pivotal achievement in Phoenix Group’s mission to scale operations sustainably and efficiently. By incorporating advanced technologies and energy-optimized designs, the site maximizes performance while minimizing environmental impact, further solidifying the company’s leadership in the blockchain industry.

Commitment to Blockchain Advancement

As energization efforts progress, Phoenix Group continues to prioritize operational excellence and innovation. The company remains dedicated to driving the adoption of blockchain technology globally, reinforcing its position at the forefront of the digital transformation era.