🚀 Big moves in crypto mining! Abu Dhabi's Phoenix Group has launched a 50 MW Bitcoin mining site in North Dakota, boosting its U.S. presence. This new facility will add over 2.7 exahashes to their mining power. CEO Reza Nedjatian highlights the U.S. as crucial for their growth strategy. Previously, they opened a 25 MW site in South Carolina.

Phoenix Group, a major player in the MENA region, recently made waves with a $370M IPO on the Abu Dhabi Securities Exchange. They're eyeing a Nasdaq listing by 2025. What do you think about this expansion? Share your thoughts below! 💬