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UAE $2 billion crypto mining farm will be finalized in Q2 of 2023

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    As Phoenix Technology announced its entrance into a strategic exclusive regional partnership with Blockchain crypto mining product entity, they also noted that Phoenix Technology which embarked on establishing a $2 billion crypto-mining farm in the UAE, the biggest crypto mining project in the region will be completed in the next six months, or Q2 of 2023.   The press release notes, “The project will be finalized within six months, giving the region a taste of technological advancement and development.” In February 2022 Phoenix had announced it was part of the group of entities developing the UAE crypto mining farm and had also stated in a interview with Irena Heaver that the project would be finalized in the next six months. Almost a year later, and their latest press release states the UAE crypto mining farm will be launched in the next six months.  The partnership with MicroBT, a technology company based on blockchain, will allow Phoenix Technology to s...