Crypto giant Bitmain opens physical Bitcoin mining equipment shop in Istanbul

[RSRS]

Bitmain has become the latest high-profile cryptocurrency business to venture into the Turkish market.

The Bitcoin mining equipment manufacturer has opened a store in Istanbul as the country continues to witness an increasing interest in cryptocurrency businesses, Dunya reports.

Bitmain will operate through its official distributor Phoenix Store which also serves the MENA region. Phoenix Store opened its first Bitmain store in St. Regis within Istanbul. The firm also serves as the distributor for cold wallets, including Trezor, Cool Wallet, and Ledger.

Phoenix Store CEO Phil Harvey explained the motivation behind the partnership with Bitmain. According to Harvey:

“As Phoenix Store, we are happy to step into Turkey with Bitmain. Turkey is among the countries that show the most interest in cryptocurrencies. This interest of Turkish investors has been one of the factors that pushed us to the Turkish market. As the official distributor of Bitmain, we will offer the industry’s most advanced Antminer devices and cold wallets that secure crypto assets to Turkish investors. The crypto money market is developing, in this sense, we think that Turkish investors will focus on crypto money investments.”

He added that besides the store in St. Regis, they plan to invest in other regions.

Sourch