The mining company is reportedly finalizing discussions about a potential IPO in the UAE.
Crypto mining hardware provider Phoenix Technology is reportedly starting discussions to conduct an initial public offering in the United Arab Emirates, according to a report by Bloomber.cites anonymous sources who explained that discussions around the matter are still ongoing and the details are not yet finalized.
Phoenix Technology is a UAE-based mining operator which is developing one of the largest mining facilities within the Middle East. The company has distribution rights for various tech hardware manufacturers throughout the Middle East, Africa and Turkey.The UAE has been one of the most crypto-friendly jurisdictions in the world, constantly trying to provide regulatory clarity by
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