Cryptominer Phoenix Group is pivoting to AI and HPC data centers and expanding its footprint into Europe, deploying capacity in a facility in France.
The company this week announced a partnership with DC Max to develop its first European AI data center, an 18MW facility in Lyon.
– Phoenix Group
“What we are announcing today is not an incremental step; it is a genuine inflection point for Phoenix and for what an Emirati company can achieve on the global stage,” said Munaf Ali, co-founder and GCEO, Phoenix Group. “We are establishing a presence at the heart of European AI infrastructure, bringing the conviction and capital to build something that will compound in value for years to come.”
Phoenix said it has secured the land, permits, grid connection, and available power for the Lyon site in Dardilly. Construction is expected to begin in July 2026, with delivery targeted between Q4 2027 and Q1 2028.
