Phoenix Group Formalizes $150M Crypto Treasury in Q2 2025 Results
Main Idea
Phoenix Group, an Abu Dhabi-listed bitcoin miner, formalized a $150 million digital asset treasury in Q2 2025, becoming the first ADX-listed company to do so, while reporting strong financial performance and growth.
Key Points
1. Phoenix Group established a digital asset treasury valued at over $150 million, primarily consisting of 514 BTC and over 630,000 SOL.
2. The company generated $29 million in revenue and mined 336 BTC during Q2 2025, achieving a 31% gross margin on self-mining.
3. Phoenix Group reduced energy costs by 14% and saw its share price surge over 72% from April to June.
4. The company remains nearly debt-free, positioning itself for future growth.
5. CEO Munaf Ali emphasized the significance of the treasury formalization, though specific details of his statement were omitted in the provided content.
Description
Abu Dhabi-headquartered bitcoin miner Phoenix Group, listed on the ADX, reported strong financial and operational results for Q2 2025, highlighting the formalization of a digital asset treasury valued at over $150 million, making it the first ADX-listed company to do so. The treasury primarily consists of 514 BTC and over 630,000 SOL. The company generated
Latest News
- MEXC Reports 12% Drop in Syndicate Fraud Cases in Q2 20252025-08-01 06:44:59
- Ether Machine Adds 15,000 ETH to Treasury to Become 3rd Largest ETH Holder2025-08-01 05:47:34
- Employee of Indian Exchange Arrested in $44M Crypto Hack, Malware Blamed2025-08-01 04:48:31
- Nancy Pelosi ‘Outperformed Every Single Large Hedge Fund’ in 2024: White House2025-08-01 03:35:52
- Visa Supports More Stablecoins in Push for Scalable Global Blockchain Payments2025-08-01 02:54:46