Oh, the Phoenix Group, as bold and brilliant as ever! They’ve deigned to bestow upon Addis Ababa their 30 MW of hydropower-backed crypto mirth, in wondrous partnership with the delightful Ethiopian Electric Power (EEP).
Expanding with Exquisite Exuberance
Our dear friends at Phoenix, domiciled in the gracious city of Abu Dhabi, have, with a flourish of cosmopolitan flair, paraded their latest coup: a 30-megawatt, hydropower-backed monstrosity in the heart of Ethiopia. This little caper, envisaged with Ethiopian Electric Power (EEP) – all recounted in BBC-worthy style – finds its home at the Bole Lemi Industrial Park, a veritable playground for miners.
Now, one could hardly imagine the sheer scale of the 6,250-square-meter site without thinking of a grand banquet hall – a purpose-built spectacle of mining splendour, all set to seduce future compute workloads. By the sainted blessing of Ethiopia’s national grid, they’ve promised us 1.9 exahashes per second of ungodly computation. If this is not a marvellous sight of ambition, I declare myself an unswept floor! Its presence nudges Phoenix tantalizingly closer to their grandiose vision of 1 gigawatt. Next, perhaps, they’ll attempt alchemy!
This jaunt into the Ethiopian domain is but a continuation of Phoenix’s flamboyant escapades. The nation’s thirst for foreign currency seemingly fuels an endless stream of electricity deals – an 80 MW agreement was merely the overture; four months later, 52 MW more joined the ensemble. Thus, setting the stage for a loftier plan: a sustainable digital nirvana in Africa.
By Jove, Munaf Ali, our esteemed co-director and CEO, made the customary lament about strategic strokes of genius: “A pivotal chapter of Phoenix’s global theatre,” he exclaimed, “fortuitously launching into an energy-laden, emerging market.” What a poetic expression! The winds of renewable power blow only favourably in Ethiopia, with delightful long-term prospects and the most obliging government partners one could perhaps meet on this celestial sphere.
Analyst Adulation and Ambrosial Aims
Phoenix’s escapades in Ethiopia play their part in echoing Ethiopia’s own grand visions of digital and industrial renaissance.
Following their illustrious third-quarter earnings performance, H.C. Wainwright & Co. issued a hearty “Buy.” Indeed, they echoed the virtuosity of our beloved Phoenix, pronouncing its geographic diversification a genius move in guesstimating future energy conventionality. Their tone was almost <|b|>neurotic admiration, lauding the establishment of this digital edifice supporting AI, computing leases, and other highbrow pursuits.
With this Ethiopian venture utterly operational, Phoenix audaciously transitions from simple mining pursuits to nurturing a grandiose digital empire – oh, the intoxicating future capabilities they so lovingly plan for!
FAQ 💡
- Where might one find Phoenix’s new eminence? In the charming heart of Addis Ababa, positioned at the Bole Lemi Industrial Park.
- How much power has been summoned for this latest enterprise? A notable 30 MW, all courtesy of Ethiopia’s bountiful national grid
- To what end does this affect our beloved Phoenix? With a boost of 1.9 EH/s, simply propelling them towards their fabled 1 GW destiny.
- Why is Ethiopia a host worthy of international notice? Renewable energy, foreign exchange, and a growing reputation as the coronet Afropop flourishes – such treasures!
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2025-11-11 08:58