Phoenix Know-how Indicators New Distributor Settlement with MicroBT, Promoting Their WhatsMiner Model – PR Newswire UK

DUBAI, UAE, Nov. 18, 2022 /PRNewswire/ — Phoenix Know-how, one of many main cryptocurrency mining {hardware} retailers within the area and a part of the broader Phoenix Group of corporations, introduced in the present day that it has entered a strategic, unique, regional partnership settlement with MicroBT, a expertise firm primarily based on blockchain – to promote their WhatsMiner model within the GCC international locations (UAE, Bahrain, KSA, Oman, Qatar and Kuwait), Egypt and Turkey market.

The brand new distributor settlement is a win-win state of affairs for each corporations, because the merchandise will likely be solely distributed the world over, on-line and bodily, by way of the Phoenix Retailer positioned on Sheikh Zayed Highway, Dubai, UAE.

Carl Agren, CEO of Phoenix Know-how, commented, “I am very enthusiastic about this strategic partnership. WhatsMiner by MicroBT is likely one of the main manufacturers for manufacturing mining tools. They’re already very profitable in the remainder of the world and wish to strengthen their presence within the MENA market with the assist of Phoenix Know-how.”

Adhering to the enterprise philosophy of “perfection, win-win, integrity”, MicroBT, which was based in 2016 and is headquartered in Shenzhen with R&D facilities in Beijing and Shanghai, supplies prospects with high-quality services, and has grow to be an business chief within the area of blockchain servers.

In 2020, MicroBT grew to become one of many high 100 taxpayers in Nanshan District, Shenzhen. In 2021, it additional initiated international improvement and arrange an abroad operation platform.

Dr. Yang, Founding father of MicroBT, stated, “With our technical background, we seen that blockchain expertise is really the important thing to a decentralized and superior world. Because the expertise grows by the day, we’re glad to companion with Phoenix Know-how to unfold these options worldwide, particularly within the MENA area.” He added, “This partnership will take each corporations to new heights, and I’m trying ahead to working intently with each groups.”

In accordance with the most recent market forecast report by Technavio, the Cryptocurrency Mining {Hardware} Market share is ready to extend by $12 billion from 2022 to 2027. The momentum of progress out there goes to speed up at a CAGR of 11.35%. The market will even expertise a 10.71% Y-O-Y progress charge throughout this era.

As well as, on condition that the UAE is a crypto-friendly nation, it is very important notice that the mining enterprise has dramatically grown within the territory. The truth is, though Bitcoin mining began with solo miners quietly build up foreign money reserves on their dwelling computer systems, these days are lengthy gone.

UAE-based Phoenix Know-how has launched into establishing a $2 billion crypto-mining farm within the UAE, which would be the greatest mining web site within the space. The venture will likely be finalized inside six months, giving the area a style of technological development and improvement.

ABOUT PHOENIX TECHNOLOGY

Established in 2015, Phoenix Know-how (a part of the broader collective of corporations, the ‘Phoenix Group’), is acknowledged as one of many leaders within the blockchain and cryptocurrency area with international operations of greater than 700MW throughout the USA, Canada, Europe, and the Center East.

Phoenix Know-how is presently additionally growing one of many largest mining amenities within the Center East and carries unique distribution rights for quite a few expertise {hardware} producers throughout the Center East, Africa, and Turkey.

Phoenix Know-how, together with its subsidiaries (Phoenix Retailer, Phoenix Know-how Consultants, Phoenix Information Heart, Phoenix Science & Know-how, Phoenix Buying and selling, PTC Cloud Mining, Block One Know-how, Block Zero Know-how, and Absolute Energy Options), equips its purchasers with the most recent, state-of-the-art mining {hardware}, custom-made mining tools, and internet hosting options for all mined belongings.

Be taught Extra: https://phoenix.store/, https://phoenixtech.org/

About MicroBT: Based in 2016, MicroBT (www.microbt.com) is a expertise firm primarily based on blockchain, specializing in the R&D, manufacturing and gross sales of built-in circuit chips and merchandise, and supplies excessive efficiency computing system options and technical service.

About WhatsMiner: WhatsMiner (www.whatsminer.com) is a number one model of mining {hardware} and chip design developed by MicroBT. As probably the most environment friendly and cost-effective mining manufacturers in the marketplace, WhatsMiner is extensively utilized in retail and institutional mining by prospects world wide.

Photograph – https://mma.prnewswire.com/media/1951292/Carl_Agren.jpg

For extra info contact:

Phoenix Know-how: [email protected]

SOURCE Phoenix Know-how

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