{"id":115138,"date":"2026-05-15T00:00:00","date_gmt":"2026-05-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/?p=115138"},"modified":"2026-05-15T05:56:20","modified_gmt":"2026-05-15T05:56:20","slug":"uae-based-btc-miner-phoenix-pivots-to-ai-infrastructure-for-europe","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/15\/uae-based-btc-miner-phoenix-pivots-to-ai-infrastructure-for-europe\/","title":{"rendered":"UAE-based BTC miner Phoenix pivots to AI infrastructure for Europe"},"content":{"rendered":"

The <\/strong>great AI pivot: <\/strong>Abu Dhabi-based Phoenix Group has just landed its first AI-focused data center contract (pdf)<\/a> as part of its planned pivot from BTC mining to building large\u2011scale AI and high\u2011performance computing (HPC) infrastructure. The first buildout will be an 18 MW data center in Lyon, France, and Phoenix Group\u2019s France-based partner, DC Max, has already secured the necessary land and grid access for the project. <\/p>\n

\u201cAI and HPC infrastructure is where the majority of our capital and focus is directed <\/strong>going forward<\/strong>,\u201d Founder and CEO Munaf Ali tells EnterpriseAM, describing it as an \u201cevolution\u201d given the foundations already built with BTC mining. The plan would see the company develop a 1 GW platform across the GCC and Europe. <\/p>\n

The right conditions are here: <\/strong>\u201cAI infrastructure demand is outpacing supply globally,\u201d he tells us. \u201cThe window to establish strong positions, with the right sites, power, and partnerships is open now, and we have the operational capability and balance sheet to move, so we are moving,\u201d Ali adds. <\/p>\n

SOUND SMART- <\/strong>BTC mining as a business is essentially built \u201caround power procurement, large-scale compute, cooling, and the ability to energize facilities at speed\u2026 and those are exactly the capabilities\u201d that the AI and HPC markets demand,\u201d he explains.<\/p>\n

Tap or click here to go deeper into what\u2019s next for Phoenix in EnterpriseAM UAE.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cThe window to establish strong positions [on AI infrastructure], with the right sites, power, and partnerships is open now, and we have the operational capability and balance sheet to move, so we are moving,\u201d Phoenix Group CEO Munaf Ali tells us<\/p>\n","protected":false},"author":1,"featured_media":115139,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2510],"tags":[2782,2811,2863,2538,2812,2562],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-115138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","tag-ai","tag-crypto","tag-data-centers","tag-enterpriseam","tag-tech","tag-uae","wpautop","entry"],"acf":{"mongo_id":"770a73c7-7917-431b-97d6-33b311ab335f","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/5\/781.jpg","photo_position":"above","homepage_title":"","full_issue_title":"From the ashes","related_issue":[115133],"teaser":"\u201cThe window to establish strong positions [on AI infrastructure], with the right sites, power, and partnerships is open now, and we have the operational capability and balance sheet to move, so we are moving,\u201d Phoenix Group CEO Munaf Ali tells us"},"yoast_head":"\nUAE-based BTC miner Phoenix pivots to AI infrastructure for Europe - MENA+ Edition<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/15\/uae-based-btc-miner-phoenix-pivots-to-ai-infrastructure-for-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE-based BTC miner Phoenix pivots to AI infrastructure for Europe\" \/>\n<meta property=\"og:description\" content=\"\u201cThe window to establish strong positions [on 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