Phoenix Group Launches 20MW Texas Bitcoin Mining Facility
Phoenix Group PLC, a leading global Bitcoin miner, has bolstered its operational base in North America with the launch of a new 20 megawatt mining facility in Texas. This significant milestone underscores the company's commitment to global diversification and expansion.
The Texas facility, energized recently, marks a major step in Phoenix Group's growth trajectory. It strengthens the company's position as a top 10 global Bitcoin miner, providing resilience against market fluctuations.
Texas, known for its mining-friendly jurisdiction, has been a strategic choice for Phoenix Group. This expansion builds on the company's recent operational momentum following its successful expansion in Ethiopia. Phoenix Group continues to scale efficiently, maintain cost leadership, and capture opportunities as market dynamics evolve.
Phoenix Group's global mining capacity now totals 172 megawatts, with sites in Canada, Ethiopia, Oman, the UAE, and the U.S. The Texas facility adds 20 megawatts, with an additional 52 megawatts planned in Ethiopia. The company is accelerating its expansion, planning to build out capacity to meet the surge in demand for power required by Bitcoin mining and AI data centers.
Phoenix Group PLC (ADX: PHX) announced its financial and operational results for the first quarter of 2025, highlighting the Texas facility as a significant achievement. With its expanded global footprint, Phoenix Group is well-positioned to capitalize on opportunities in the cryptocurrency mining sector.
