Data: Cryptocurrency mining company Phoenix Group's mining revenue reaches $107 million in 2024
Feb 12, 2025 22:45:38
according to Cryptonews, Abu Dhabi cryptocurrency mining company Phoenix Group has released its annual report for 2024.
The data shows that the company's mining revenue increased by 236% year-on-year to $107 million, with total revenue reaching $206 million and a net profit of $167 million. The company currently contributes a hash rate of 15.0 EH/s to the Bitcoin network, accounting for 1.9% of the total network hash rate.
The company plans to go public on Nasdaq this year.