Phoenix Group secures $380m contract with Whatsminer post-ADX listing

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Following its itemizing on the Abu Dhabi Securities Trade (ADX), Center Jap Bitcoin mining firm Phoenix Group has introduced a brand new take care of Whatsminer, the second largest Bitcoin mining machine producer.

The contract, surpassing $380 million, stands as Whatsminer’s most substantial order within the final two years, underscoring Phoenix Group’s commanding presence within the Center East’s burgeoning tech and blockchain panorama.

A dynamic panorama

The agreement is claimed to contain the speedy supply of mining gear valued at $136 million, coupled with a further possibility price $246 million. The deal signifies Phoenix Group’s dedication to upholding its market management within the dynamic panorama of Bitcoin mining, particularly throughout a interval of great pleasure and development inside the business.

As an present associate and unique distributor of WhatsMiner, Phoenix Group is additional advancing its place by collaborating with WhatsMiner to combine hydro cooling miners to ascertain cutting-edge high-performance computing (HPC) knowledge facilities.

The profitable IPO

Phoenix Group initially reported its successful IPO on Nov. 21, after which it skilled an distinctive response as subscriptions surpassed the preliminary providing worth by 33 instances.

The itemizing additionally showcased outstanding pleasure by retail buyers, with subscriptions exceeding expectations 180 instances over.

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