Phoenix Group, a Bitcoin mining company based in the United Arab Emirates, has acquired $380 million worth of hydro cooling mining equipment from WhatsMiner. This deal was announced just 48 hours after Phoenix Group's stock debuted on the Abu Dhabi Securities Exchange. The company plans to integrate these eco-friendly mining machines to establish high-performance computing data centers. The purchase includes mining equipment valued at $136 million, with an option for an additional $246 million. WhatsMiner's hydro cooling hardware uses a closed-loop water system, offering more efficient heat transfer and minimizing environmental impact. Phoenix Group is the exclusive distributor of WhatsMiner equipment and also serves as Bitmain's official Middle East distributor. This acquisition solidifies Phoenix Group's position in the crypto mining sector.
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