Phoenix Group, an Abu Dhabi-listed company, has inaugurated a 30-megawatt bitcoin mining facility in Addis Ababa, Ethiopia. This project, developed in partnership with a state-owned electricity company, contributes 1.9 exahashes per second (EH/s) of computing power to the Bitcoin network. The company plans to expand the facility's capacity from 52 to 132 megawatts, significantly boosting its mining capabilities.