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Syed Ahtisham Ali
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Phoenix Group Amplifies Bitcoin Mining Capacity to Over 500 Megawatts April 29, 2025 Abu Dhabi-based Phoenix Group PLC has significantly expanded its global #bitcoin mining operations, surpassing a total capacity of 500 megawatts (MW). This milestone is a result of strategic initiatives, including the launch of a 50MW facility in North Dakota and 80MW power purchase agreement (PPA) in Ethiopia. The North Dakota facility, completed in record time, contributes over 2.7 exchanges to Phoenix Group's processing capacity, reinforcing its position in the U.S. market . Simultaneously, the Ethiopian PPA, secured in partnership with Abu Dhabi-based cybersecurity firm Data7, marks Phoenix Group's entry into the African market. This agreement ensures a sustainable energy supply for the company's expanding Bitcoin mining operations, with energy delivery slated to commence in the second quarter of 2025. Financially, Phoenix Group reported a 236% year-over-year increase in #bitcoin mining revenue for 2024, reaching $107 million, up from $32 million in 2023 . This growth underscores the company's strategic vision and operational excellence in the dynamic cryptocurrency market. With its total installed capacity now exceeding 765MW, Phoenix Group continues to solidify its position as a leading global Bitcoin miner. The company's ongoing expansions and investments reflect its commitment to shaping the future of decentralized finance. #BTC #BinanceAlphaAlert #crypto #binance $BTC $XRP $BNB
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Trump-backed WLF Signs Deal to Boost Blockchain in Pakistan On April 27, 2025, World Liberty Financial (WLF), a DeFi platform backed by U.S. President Donald Trump, signed a major agreement with the Pakistan Crypto Council (PCC) to promote blockchain innovation and decentralized finance (DeFi) across Pakistan. World Liberty Financial WLF leaders met with top Pakistani officials, and the partnership aims to support crypto adoption, test new blockchain products, and help Pakistan become a global digital finance leader. With over 64% of its population under 30, Pakistan is positioned to drive the next wave of Web3 growth. #BTC #TRUMP #Binance #blockchain #PCC $BTC $BNB $TRUMP
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