Dossier
Phoenix Group
Coverage of Phoenix Group in the Nexus archive.
- Phoenix Group makes AI data center pivot into Europe
Phoenix Group, an Abu Dhabi-based Bitcoin miner, is developing an 18MW AI data center in Lyon, France as part of a strategic pivot to small-scale AI infrastructure. The company aims to build over 1 gigawatt of capacity across Europe and the Gulf for approximately $8 billion, with construction expected to begin in July.
- Aegon offloads 200-year-old UK business to Standard Life for £2bn
Aegon, a Dutch financial services group, has sold its 200-year-old UK business to Standard Life for £2bn, creating a pensions and savings group with 16 million customers and £480bn in assets. The deal enables Aegon to refocus on its US market, where it will rebrand as Transamerica.