Data: Cryptocurrency mining company Phoenix Group's mining revenue reached 107 million US dollars in 2024
According to Cryptonews, Abu Dhabi cryptocurrency mining company Phoenix Group has released its 2024 annual financial report.
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 net profit of $167 million. The company currently contributes a computing power of 15.0 EH/s in the Bitcoin network, accounting for 1.9% of the total network computing power.
The company plans to go public on NASDAQ this year.
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