Dubai-based Phoenix Technology Consultants, UAE signed a contract to supply crypto-mining equipment worth $650 million. CoinDesk reports.
According to the publication, the purchase was announced by the firm’s CEO Munaf Ali during the World Digital Mining Summit (WDMS) in Dubai, organized by Bitmain. He called the deal one of the largest in the history of the industry.
Delivery of the equipment is expected to begin in 2022.
Dubai-based Phoenix also intends to place another order for ASIC miners in the third quarter of 2022, worth more than $2 billion.
According to Ali, the mining centre’s capacity will exceed 600 MW. Within 12 to 24 months, the company plans to increase to 1.4 GW.
Phoenix Technology Consultants is affiliated with Phoenix Store — Bitmain’s distributor in the EMEA region.
The leading manufacturer of mining equipment previously анонсировал презентацию at WDMS of new containerized solutions for cryptocurrency mining and Antminer products.
Bitmain’s sales director for Europe, Middle East and Africa and CIS, Xiaotun Li, clarified that the company would unveil the new products on November 10.
As reported by the media, new model Antminer S19XP will be based on 5-nm chips and deliver a hashrate of 150 TH/s with an energy efficiency of 21.5 J/TH.
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