Home » Phoenix Technology Eyes Global Expansion and Announces an Investment of $300 Million

Phoenix Technology Eyes Global Expansion and Announces an Investment of $300 Million

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  • Karl Agren Appointed new CEO of Phoenix Technology
  • Agren joins plans to expand company operations into new markets worldwide
  • Phoenix Technology Signs Agreement to Become WhatsMiner’s Exclusive Distribution Partner in the Region
  • $300 million Investments to acquire, develop, maintain and operate sites around the world

dubai,United Arab Emirates, October 27, 2022 /PR Newswire/ — phoenix technologyOne of the leading retailers of crypto mining hardware, is aiming for global expansion in 2023 after unprecedented success in 2021/2022.

The company behind the installation of the largest mining farm in middle east We are spreading our roots beyond the region. The team is developing a large-scale site in the US that will be ready in the second quarter of 2023 and will utilize advanced technologies such as immersive cooling.

of August 2022Phoenix Technology welcomed its new CEO, Karl AgrenHe has over 20 years of technical management experience in IT and the current cryptocurrency industry. Agren previously served as the company’s Chief Operating Officer.

Munaf Ali, Group CEO and Co-Founder commented: Karl is the ideal person to drive the global expansion plans for new mining sites and cryptocurrency initiatives. “

Based on this success, Phoenix Technology entered into a strategic partnership agreement with MicroBT. MicroBT is a blockchain and artificial intelligence based technology company focused on integrated circuit chips, products and technical services. WhatsMiner Exclusive Distribution Partner regional.

“We are very excited to embark on this new journey with Phoenix Technology. The company has so much potential and we are sure it will grow internationally,” Agren said.

“Phoenix Technology aims to transform from a regional player in the mining field to a global player, which means we develop, maintain and operate sites around the world. We are focused on the market and CanadaHowever, we plan to venture into other regions to identify opportunities in untapped mining regions,” he added.

Agren shared Phoenix Technology’s dedication to $300 million Invest in various sites that are development opportunities, in development or currently in production.

“We are bullish on overall market conditions and are looking to invest capital in a variety of opportunities.

Phoenix Technology doubles down on its efforts to expand its business globally while maintaining its commitment to the environment. As a matter of fact, most of Phoenix Technology’s mining facilities are on hydroelectric grids, and the company is always keen to provide environmentally friendly sites.

In addition, Phoenix Technology works closely with local governments and encrypted data center cooling businesses on new technologies (immersive and liquid cooling technology) that improve energy usage by 20-30%.

As part of its expansion plans, Phoenix Technology is also working on several products that will change the mining game and help customers develop their capabilities. Phoenix Technology also hopes to establish partnerships with other companies that are pushing the boundaries of mining, such as gas flaring, to bring more technologically advanced solutions to the local market and the world.

about phoenix technology

Founded in 2015, Phoenix Technology (part of the broader group of companies, the “Phoenix Group”) is recognized as one of the leaders in the blockchain and cryptocurrency space, with over 700MW of global We are expanding our business. united states of america, Canada, Europeand the middle east.

Phoenix Technology is currently developing one of the world’s largest mining facilities. United Arab Emirates We have exclusive distribution rights to numerous technology hardware manufacturers worldwide. middle east, AfricaWhen turkey.

Together with its subsidiaries (Phoenix Store, Phoenix Technology Consultants, Phoenix Data Center, Phoenix Science & Technology, Phoenix Trading, PTC Cloud Mining, Block One Technology, Block Zero Technology, and Absolute Power Solutions), Phoenix Technology provides its clients with the latest cutting-edge solutions. mining hardware, customized mining equipment, and hosting solutions for all mined assets.

For more information, please contact:

Phoenix technology: [email protected]
Unlock Communication: [email protected]

Photo – https://mma.prnewswire.com/media/1931234/Phoenix_Technology_Carl_Agren.jpg

Source Phoenix Technology

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