Phoenix collaborates with Green Data City to develop a $300 million cryptocurrency mining farm

ChainCatcher news, Abu Dhabi's Phoenix Group has partnered with cryptocurrency mining company Green Data City to develop a $300 million mining facility in Oman, which is set to be fully operational by the second quarter of next year. The facility will have a computing power of up to 150 megawatts.

It is reported that Green Data City is the first company in Oman to obtain a cryptocurrency mining license.