Bitmain Has Entered the Turkish Market

Bitmain has entered the Turkish market. Bitmain, the world's largest mining device manufacturer, opened a store in Istanbul.

Phoenix Store, the sole and official distributor of Bitmain, the world's largest mining device manufacturer in Turkey and MENA region, has entered the Turkey by opening its first physical store in Istanbul. Phoenix Store CEO Phil Harvey, members of the economic press and financial investors attended the opening of the store. The store opened in Istanbul will offer crypto mining equipment such as mining devices and cold wallets to Turkish investors. Phoenix Store, Bitmain's official distributor in Turkey and MENA, also operates as the official distributor of the world's leading cryptocurrency technology brands Ledger, Trezor and Cool Wallet. Regarding their first investment in Turkey, Phoenix Store CEO Phil Harvey said, “As Phoenix Store, we are happy to step into Turkey with Bitmain, the world's largest manufacturer of cryptocurrency mining machines. Turkey is among the countries that show the most interest in cryptocurrency markets in the world. The interest of Turkish investors in the cryptocurrency world was the most important factor that allowed us to step into the Turkish market. As the official Turkish & MENA distributor of Bitmain, which has been operating in many countries since 2014, we will bring Turkish financial investors together with the industry's most advanced Antminer devices and cold wallets that ensure the security of crypto assets. Cryptocurrency mining has become the most developed and attractive industry in recent years. Turkish investors are knowledgeable about the entrepreneurial ecosystem, especially in technology and hardware companies. In this context, we anticipate that Turkish investors will focus on investments in cryptocurrencies and financial technologies. Turkey is a prime example for both Europe and MENA in the development of cryptocurrencies that will shape the future.”