Download PDF
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