TechFlow reported on February 12 that Abu Dhabi-based cryptocurrency mining company Phoenix Group released its 2024 annual financial report.
Data shows the company's mining revenue surged 236% year-on-year to $107 million, with total revenue reaching $206 million and net profit at $167 million. The company currently contributes 15.0 EH/s of computing power to the Bitcoin network, accounting for 1.9% of the total network hash rate.
The company plans to list on Nasdaq this year.




