Phoenix
UAE Bitcoin Miner Phoenix Group Reports 43% Revenue Decline, Highlights Shift Toward Digital Treasury
- The company reported visibly lower earnings and net loss in Q2 2025 while establishing a $150 million digital asset treasury and mining 336 Bitcoin.
- Despite operational challenges, the company's stock surged 72% during the quarter as investors embraced its treasury strategy and AI infrastructure expansion plans.
Thursday, 31/07/2025 | 06:57 GMT by
Damian Chmiel
Bitcoin Miner Phoenix Group Posts $154 Million Loss and 54% Revenue Decline in Q1 2025
- The decline of over 300% was primarily driven by unrealized losses on digital assets as cryptocurrency market volatility intensified.
- However, gross mining margins improved to 30% in Q1 2025, up from 24% in the previous quarter.
Thursday, 08/05/2025 | 07:35 GMT by
Damian Chmiel
“Forever an eTorian” Shir Shalom Moves to $140 Billion Asset Manager
- A month after announcing her departure from eToro, Shalom has joined Phoenix Financial.
- She has taken on the role of Head of the Economic Department at the Israeli asset management and insurance firm.
Tuesday, 06/05/2025 | 07:51 GMT by
Damian Chmiel
Phoenix Group CEO Acquires 20 Million Shares as Firm Weighs U.S. Listing
- Munaf Ali has been purchasing shares of the publicly traded mining company since November, but this has not improved the stock price.
- At the same time, the company reveals that it is considering an additional listing outside of ADX, targeting Wall Street.
Monday, 10/03/2025 | 10:07 GMT by
Damian Chmiel
This Bitcoin Miner Nears Penny Stock Status as Revenue Declines Despite Mining Gains
- Phoenix Group's overall financial performance declined in 2024, with total revenue and profit falling 20–30% year-over-year.
- Since its late 2023 listing, the company's shares have lost 60% of their value and are now trading near penny stock levels.
Monday, 17/02/2025 | 07:51 GMT by
Damian Chmiel
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