Bitcoin mining firm Phoenix Group has significantly increased its mining capacity in Ethiopia. The company added 52 megawatts (MW) of mining power, bringing its total Bitcoin mining capacity in the region to 132 MW. This growth in Ethiopia is a part of Phoenix’s larger global strategy, resulting in a total mining capacity exceeding 500 MW across the globe. As the demand for Bitcoin continues to rise, Phoenix Group establishes itself as a key player in the cryptocurrency mining industry.