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Odaily Planet Daily News According to people familiar with the matter, Phoenix Technology, a UAE-based cryptocurrency mining hardware retailer, has begun preliminary discussions with the UAE on an IPO.
The company is developing one of the largest mining facilities in the Middle East and is considering an Abu Dhabi listing as early as this year, people familiar with the matter said. Discussions are still ongoing, and details such as release timing and size are still subject to change. (Bloomberg)