Market: Abu Dhabi | Symbol: PHX | ISIN: AEE01357P238 | Industry: Technology |
Founded in 2017, Phoenix Group has grown into a multi billion dollar corporation and has established itself as a global leader in the development, operation and management of crypto data centers. It has also expanded its global footprint across UAE, Oman, Canada, USA and the CIS Countries through various business segments including hosting, trading, retail, cloud-mining and the establishment of the UAE’s first fully regulated digital asset exchange. It is also the exclusive distributor of industry leading mining equipment MicroBT.
The competitive advantage and success of Phoenix is attributed to the Visionary leadership of its Founders and Stakeholders, First-mover advantage in the digital mining space, the ability to secure competitively priced utilities at quasi –governmental levels, access to equipment and access to capital which has been utilized in the most cost effective manner , resulting in exemplary returns and revenue.
Phoenix Group’s IPO Listing is the first Crypto Asset Mining to take place in the Middle East region and will further enhance the growth and vision of Phoenix to pave the way to a more decentralized future for all.
Key Figures (USD'000) | 2021 | 2022 | 2023 |
---|---|---|---|
Balance Sheet | |||
Total assets | 479,359 | 229,597 | 834,004 |
Total equity | 101,265 | 106,596 | 697,120 |
Total liabilities | 378,093 | 123,001 | 136,885 |
Income Statement | |||
Revenue | 178,512 | 754,962 | 288,187 |
Gross profit | 63,125 | 170,684 | 88,862 |
Net profit for the year | 42,383 | 138,877 | 207,779 |
Cash Flows | |||
Net cash generated from/(used in) operating activities | (33,960) | 190,214 | (136,061) |
Net cash used in investing activities | (19,070) | (44,609) | (35,054) |
Net cash (used in)/generated from financing activities | 52,074 | (146,176) | 368,924 |