US EditionPhoenix Group Mines 350 Bitcoin in Q1, Bolsters North American Operations With Texas Facility – Mining Bitcoin News
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4 Articles
Bitcoin Miner Phoenix Group Posts $154 Million Loss and 54% Revenue Decline in Q1 2025
Phoenix Group, the first UAE-listed Bitcoin (BTC) mining company (ADX: PHX), reported a loss of $153.6 million for the first quarter of 2025, a stark reversal from the $66.2 million profit recorded in the same period last year, as the company faced significant unrealized losses on its digital asset holdings.Phoenix Group Plunges into $153M Loss as Digital Assets CrumbleThe Abu Dhabi-based company, which operates across trading, hosting, mining a…
BITCOIN | Phoenix Group Reports Q1 2025 Results with $31 Million Revenue, Partly From Ethiopian Bitcoin Mining Operations
Phoenix Group PLC (ADX: PHX), a pioneering global cryptocurrency, blockchain, and digital asset infrastructure company, today announced its financial and operational results for the first quarter of 2025. The company also announces today its continued global expansion by energizing a new 20 megawatt mining facility in Texas. Phoenix Group reported consolidated revenue of $31 million for Q1 2025, reflecting its ongoing strategic transition toward…
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