{"id":9535,"date":"2024-01-10T17:03:23","date_gmt":"2024-01-10T15:03:23","guid":{"rendered":"https:\/\/forklog.com\/en\/phoenix-group-secures-187-million-deal-with-bitmain\/"},"modified":"2024-01-10T17:03:23","modified_gmt":"2024-01-10T15:03:23","slug":"phoenix-group-secures-187-million-deal-with-bitmain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/phoenix-group-secures-187-million-deal-with-bitmain\/","title":{"rendered":"Phoenix Group Secures $187 Million Deal with Bitmain"},"content":{"rendered":"<p>The mining firm Phoenix Group <a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/01\/09\/2806416\/0\/en\/Phoenix-Group-Doubles-Down-on-Mining-Dominance-with-USD-187-Million-Bitmain-Deal-Following-Historic-Partnerships-and-IPO-Success.html\">announced<\/a> a $187 million contract with the bitcoin mining equipment manufacturer Bitmain.<\/p>\n<p>Details have not been disclosed.<\/p>\n<p>In December, the company reached a similar agreement with rival equipment supplier MicroBT for $380 million.<\/p>\n<p>Phoenix Group explained that these initiatives reflect the firm&#8217;s ambitions to reshape the global mining landscape and emerge as an industry leader.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cPartnerships and our commitment to hydro-cooling lay the groundwork for a more sustainable blockchain future,\u201d<\/em> the press release stated.<\/p>\n<\/blockquote>\n<p>In December, Phoenix conducted a successful <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span>. The company reported a 33-fold oversubscription for its securities at the close of the book-building process.<\/p>\n<p>In January, the American bitcoin miner CleanSpark signed an agreement to purchase 160,000 Antminer S21 units from Bitmain, equivalent to 32 EH\/s. This initiative will enable the firm to increase its hash rate to 50 EH\/s.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mining firm Phoenix Group announced a $187 million contract with the bitcoin mining equipment manufacturer Bitmain. Details have not been disclosed. In December, the company reached a similar agreement with rival equipment supplier MicroBT for $380 million. Phoenix Group explained that these initiatives reflect the firm&#8217;s ambitions to reshape the global mining landscape and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[426,1137,42],"class_list":["post-9535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitmain","tag-cryptocurrency-mining","tag-uae"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=9535"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/9534"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=9535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=9535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=9535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}