Phoenix Group Manages 765 MW of Mining Capacity

Regional press reports indicate that Phoenix Group controls a total of 765 MW in cryptocurrency mining capacity across the U.S., Canada, and the UAE. Their recent 50 MW expansion in North Dakota boosted the firm’s hash rate by 2.7 EH/s. Previously, sites in South Carolina and Abu Dhabi delivered more than 7 EH/s.

Phoenix Group representatives state the average electricity rate is $0.045 per kWh, maintaining profitability even if BTC dips to $80 тыс. Investors see geographic diversification as a hedge against downtime risks.

The company plans to add 100–150 MW over the next year, potentially generating 10–11 EH/s of additional computing power. Some analysts believe Phoenix Group could enter the top five global miners.