Draft

The Phoenix Group of the UAE continues large -scale expansion in Ethiopia — 52 more are added to the already operating 80 MW, which will bring the total capacity to 132 MW.

The development is phased:

— 20 MWs with air with air with air with air with air Cooling (hashrate ~ 1.2 eh/s) are introduced in the near future.

— 32 MW with water cooling (~ 2.4 EH/S) — by the end of the II quarter of 2025.

the basis of the project — the energy of the hydroelectric power station Renaissance Dam. Thanks to this, almost 90% of the total capacity works on a renewable source.

Why Ethiopia?

Low cost of electricity, environmental stability and strategic support of the authorities made the country a new center of attraction for the industry. In addition to Phoenix, Bitdeer, Bitfufu, Canaan and other major players are already investing in the region.

according to analysts, Phoenix already controls more than 500 MW in 5 countries, and Ethiopia is only part of ambitious expansion. energy become key points of growth.