Abu Dhabi’s Phoenix Group Expands into Africa with Ethiopian Power Deal
Our Correspondent | Africa Guardian Abu Dhabi-listed blockchain and crypto mining giant Phoenix Group (PHX.AD) has entered the African market through an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia. The agreement, announced on Wednesday, is part of the company’s global diversification strategy. Under the deal, Ethiopian Electric Power (EEP) will supply energy to support Phoenix’s bitcoin mining operations,…