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Phoenix Technology Invests in BitZero Blockchain

Phoenix Technology, one of the partners building the crypto mining farm in UAE, has invested in BitZERO Blockchain Inc.

Renowned investor Kevin O’Leary is also a strategic investor at BitZERO. The investments made will be used to accelerate BitZERO’s growth toward becoming the world’s leading ESG-driven, Zero Carbon Displacement (“ZCD”) crypto mining and ESG mining pool company.

Phoenix Technology will hold a presence on the Board of BitZERO, which has secured an additional 288.45 PH/s of Bitmain ASIC miners to be deployed between March and June 2022 to BitZERO’s site, expanding the company’s scalable operations.

BitZERO Blockchain harnesses renewable energy within an ESG-driven Zero Carbon Displacement ecosystem to harmonize relationships between data processing, crypto-mining, commerce, communities, and the environment. BitZERO’s mining operations are designed to recapture heat displaced by its mining operations to benefit local green initiatives.

As previously mentioned, Phoenix Technology is one of the entities involved in building the biggest crypto mining farm in the world.

This article was corrected at 9:23 am on Sunday 20th of February 2022


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