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UAE Phoenix Group invests in BitZero Blockchain

UAE Phoenix Group, which is 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 of 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.

UAE Phoenix Group will hold a presence on the Board of BitZERO. BitZERO 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.

Phoenix Group 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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