UAE-based Phoenix Technology, one of the leading cryptocurrency mining hardware retailers, has entered a strategic, exclusive and regional partnership agreement with MicroBT, a technology company based on blockchain, to sell its WhatsMiner brand in GCC countries, Egypt and Turkey market.
The new distributor agreement is a win-win scenario for both companies, as the products will be exclusively distributed across the world, online and physical, through the Phoenix Store located on Sheikh Zayed Road, Dubai, UAE.
“I’m very excited about this strategic partnership. WhatsMiner by MicroBT is one of the leading brands for manufacturing mining equipment. They are already very successful in the rest of the world and would like to strengthen their presence in the MENA market with the support of Phoenix Technology.”
Adhering to the business philosophy of “perfection, win-win, integrity”, MicroBT, which was founded in 2016 and is headquartered in Shenzhen with R&D centers in Beijing and Shanghai, provides customers with high-quality products and services, and has become an industry leader in the field of blockchain servers.
Dr. Yang, Founder of MicroBT, said that “With our technical background, we noticed that blockchain technology is truly the key to a decentralized and advanced world. As the technology grows by the day, we are happy to partner with Phoenix Technology to spread these solutions worldwide, especially in the MENA region. This partnership will take both companies to new heights, and I am looking forward to working closely with both teams.”
Phoenix Technology has embarked on establishing a $2 billion crypto-mining farm in the UAE, which will be the biggest mining site in the area. The project will be finalized within six months, giving the region a taste of technological advancement and development.