Phoenix discloses total power usage of 375 MW

Phoenix Group has revealed more details on its energy footprint alongside plans for new market listings. They report 375 MW of total consumption, with an average electricity cost of $0.057 per kWh. Observers highlight that such a favorable rate promotes cost-effective mining operations.

According to the company’s statement, the proprietary hashrate stands at 6.9 EH/s, providing a notable production share. Additionally, Phoenix invests in partner sites with a combined 4.1 EH/s, granting them partial ownership.

The firm noted that total operating expenses shrank by around 12% over the last six months. Q3 revenue reached $36 млн, encompassing hosting solutions, hardware sales, and related services.