CEO of Phoenix Group Increases Stake in Bitcoin Mining
According to Marketscreener DE, the CEO and co-founder of the Bitcoin mining company Phoenix Group, based in the UAE, has recently increased his stake in the company. This move highlights the growing confidence in the cryptocurrency mining sector, particularly in the Middle East. The announcement was made on March 10, 2025, at 08:02 AM, emphasizing the strategic importance of this decision in the evolving crypto landscape. For more details, visit the original article on Marketscreener DE.
Bitdeer Successfully Tests New SEAL03 Bitcoin Mining Chip
IT BOLTWISE® reports that Bitdeer Technologies Group has successfully completed testing of its latest Bitcoin mining chip, the SEAL03. Developed in collaboration with TSMC, the chip boasts an impressive energy efficiency of 9.7J/TH in energy-saving mode. This innovation will be integrated into the upcoming SEALMINER A3 machines, with mass production scheduled for the second half of the year. Bitdeer, headquartered in Singapore, continues to lead in blockchain and high-performance computing solutions. The company’s advancements underline its commitment to improving the efficiency and security of the decentralized Bitcoin network. For further insights, refer to the original article on IT BOLTWISE®.
China and Middle East Explore Bitcoin Strategies Amid Geopolitical Interest
Cryptodnes.bg reveals that China and several Middle Eastern countries are considering strategies to acquire Bitcoin, signaling its growing importance as a strategic asset. Brian Armstrong, CEO of Coinbase, shared insights ahead of an upcoming summit, noting that some Gulf states are already planning Bitcoin purchases. Meanwhile, China, with its significant hydroelectric resources, could quickly resume Bitcoin mining operations. These discussions reflect the increasing role of digital currencies in global financial strategies. For more information, see the original article on Cryptodnes.bg.
Sources:
