Bloomberg: Cryptocurrency mining hardware retailer Phoenix is in preliminary discussions with the UAE regarding an IPO

ChainCatcher news, sources say that UAE-based cryptocurrency mining hardware retailer Phoenix Technology has begun preliminary discussions with the UAE regarding an IPO.
According to insiders, the company is developing one of the largest mining facilities in the Middle East and is considering going public in Abu Dhabi as early as this year. Discussions are still ongoing, and details such as the timing and scale of the offering may still change.