Phoenix Group PLC (PHX)

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News

8 May 07:39 PM Phoenix Group expands Bitcoin mining globally, generates over $31m revenues in Q1-25

Abu Dhabi – Mubasher: Phoenix Group posted consolidated revenues valued at $31.26 million in the first quarter (Q1) of 2025, according to the financial results. The group reported gross profit of $6.30 million as of 31 March 2025, while operating …

Global Economy

16 February 09:35 AM Bitcoin miner Phoenix Group’s global expansion prompts 236% higher revenues in 2024

Abu Dhabi – Mubasher: The revenues of Phoenix Group hiked by 236% year-over-year (YoY) in 2024, anchoring the company’s position as a driving force in the global digital asset ecosystem. The group registered $107 million in mining revenue as of 31 …

Global Economy

29 October 2024 01:59 PM Phoenix Group’s net profits hit $170m in 9M-24 unaudited financials

Abu Dhabi – Mubasher: Phoenix Group recorded year-on-year (YoY) higher net profits attributable to the owners at $169.84 million in the first nine months (9M) of 2024, versus $144.45 million. Basic and diluted earnings per share (EPS) remained …

Financial Results

22 August 2024 08:59 AM Phoenix Group, Tether to create UAE Dirham-pegged stablecoin

Abu Dhabi – Mubasher: Phoenix Group has collaborated with Tether, the largest company in the digital asset industry, to launch a stablecoin pegged to the UAE Dirham, according to a press release. Backed by Green Acorn Investments Limited, this …

Global Economy

29 July 2024 09:05 AM Phoenix Group registers $122m profits in H1-24

Abu Dhabi – Mubasher: The net profits after tax attributable to the equityholders of Phoenix Group increased year-on-year (YoY) to $122.28 million in the first half (H1) of 2024 from $48.15 million. The revenues from contracts with customers hit …

Financial Results

14 May 2024 03:11 PM Phoenix Group’s profits surpass $66m in Q1-24

Abu Dhabi – Mubasher: The net profits after tax attributable to the shareholders of Phoenix Group hiked to $66.15 million in the first quarter (Q1) of 2024 from $24.87 million a year earlier. Revenues from contracts with customers reached $68.93 …

Financial Results