Abu Dhabi (Etihad)
Phoenix Computer Equipment, a wholly-owned subsidiary of Phoenix Group, listed on the Abu Dhabi Securities Market, announced that it has concluded, through Cypher Capital DMCC, an agreement with Bitmain Development PTI Limited to purchase the latest mining machines. Bitcoin currency.
The company indicated in a statement to the management of the Abu Dhabi Securities Market that the deal, worth $187 million, allows Phoenix to significantly enhance the strength of its encryption rate and continue its path towards becoming a leader in the global market in the field of Bitcoin mining, stressing that the deal was concluded after… Complete all related procedures.
The shares of Phoenix Group were listed on the Abu Dhabi Stock Exchange on Tuesday, December 5, as the first listing in the Middle East for a company working in cryptocurrency mining and blockchain technology. The company offered about 907 million shares for subscription, representing 18% of the capital, at a price of 1.5 dirhams per share, and the company’s value after the subscription was estimated at about $2.47 billion.
2024-01-09 13:21:34
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