Okay, so Phoenix Group, which sounds like a really ambitious bird, is a bitcoin mining company based in Abu Dhabi. And they just announced their Q2 2025 results, which, let’s be real, mostly just means they’re really good at math… or at least have someone on staff who is. 🤓 They’ve formally stashed away over $150 million in crypto – that’s 514 Bitcoins and a *lot* of SOL (whatever that is… sounds like a Star Wars character). They’re, like, the first company on the ADX to do this. Which is impressive, if you’re into that sort of thing. (I’m more into snacks, personally.)
They made $29 million in revenue and dug up 336 BTC. And apparently, they’re also good at saving on electricity – a 14% reduction, which, frankly, is more than I’ve saved on my heating bill this winter. 🙄 Their stock went *way* up – 72% in two months. Listen, I get excited when I find a matching pair of socks. They did have a $29 million “non-cash loss” because of… portfolio revaluations? Which sounds terrifyingly complex, and honestly, I’m trying not to think about it. But they’re basically debt-free, which is nice. It’s good to not owe people money.
Their CEO, Munaf Ali (great name, by the way) is talking about building 1 gigawatt of hybrid infrastructure by 2027, and getting into artificial intelligence and high-performance computing. So basically, they want to mine crypto and maybe take over the world. It’s always something, isn’t it? 🤷♀️
Read More
- Gold Rate Forecast
- Pepe Price: Can the Meme King Rise Again? 🤑🚀
- LINK PREDICTION. LINK cryptocurrency
- Brent Oil Forecast
- CRO PREDICTION. CRO cryptocurrency
- Silver Rate Forecast
- USD ZAR PREDICTION
- USD PEN PREDICTION
- BCH PREDICTION. BCH cryptocurrency
- NEXO PREDICTION. NEXO cryptocurrency
2025-07-31 11:57