Bitmain has officially entered the Turkish market, as it opened a store in Istanbul, as a result of growing interest in crypto in the country.
The company will operate via its official distributor, Phoenix Store.
Phil Harvey, the CEO of Phoenix Store, declared:
“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.”
Some view this move as being a strategic one, meant to attract miners who are leaving China.