Global mining capacity exceeds 500MW as company doubles down on sustainable energy initiatives in Africa.
April 29, 2025 – Addis Ababa, Ethiopia — In a significant step toward scaling its eco-friendly crypto operations, Phoenix Group has announced the expansion of its Bitcoin mining infrastructure in Ethiopia by an additional 52 megawatts. The upgrade raises the company’s total operational capacity in the country to 132 megawatts and pushes its global mining output beyond the 500-megawatt threshold.
The group’s latest deployment builds on a previous 80MW power agreement that marked its initial entry into the Ethiopian market. This expansion further cements Phoenix Group’s standing among the world’s top ten Bitcoin mining enterprises and underscores its aggressive growth strategy focused on low-cost, renewable energy sources.
Two-Phase Rollout with Cutting-Edge Cooling Technologies
The Ethiopian facility will be developed in two stages. The initial phase, now underway, brings online 20 megawatts of capacity through the installation of 5,300 advanced air-cooled mining machines, delivering a hash rate of 1.2 exahashes per second (EH/s). The second stage, scheduled for completion by the end of Q2 2025, will add another 32 megawatts through hydro-cooling systems, effectively doubling the site’s computing power to 2.4 EH/s.
Phoenix Group’s CEO and Co-Founder Munaf Ali emphasized the company’s strategic emphasis on sustainable growth: “By identifying regions with abundant, cost-effective renewable energy, we’ve built a model that’s both scalable and environmentally responsible. Our vertically integrated operations and cutting-edge technologies give us a competitive edge as we expand across high-potential energy markets.”
Crucially, over 90% of the power used by Phoenix’s Ethiopian mining operation is derived from the Grand Ethiopian Renaissance Dam—a vast hydropower project that ranks among Africa’s largest renewable energy sources. This makes the site one of the most environmentally sustainable industrial-scale Bitcoin mining facilities globally.
Reza Nedjatian, CEO of Phoenix Mining, AI & Data Centers, commented on the milestone: “With 132 megawatts of clean hydropower now powering our operations in Ethiopia, we’re not just expanding—we’re redefining what responsible crypto mining can look like on the African continent.”
Phoenix Group’s move reflects a broader trend in the cryptocurrency sector, where the focus is increasingly shifting toward cleaner energy and decentralized infrastructure in emerging markets.