Phoenix Group Posts Strong Q2 2025 Results: $150M+ Crypto Treasury, Rising Revenues, and Bold AI Expansion

Abu Dhabi, UAE – 31 July 2025 – Phoenix Group PLC (ADX: PHX), a global leader in cryptocurrency mining and digital asset infrastructure, has unveiled its Q2 2025 results—and the numbers are impressive. From pioneering a $150M+ crypto treasury to accelerating its AI strategy, Phoenix continues to chart a high-growth path while maintaining operational efficiency.

Key Highlights from Q2 2025

• $150M+ Crypto Treasury Formalized
   Phoenix became the first company listed on the Abu Dhabi Securities Exchange (ADX) to officially establish a digital asset treasury, holding 514 Bitcoin and over 630,000 Solana as part of its long-term reserves.
• Robust Mining Performance
   The Group generated $29 million in Q2 revenue, mining 336 BTC, including 214 BTC from self-mining operations. Year-to-date (H1 2025), the company mined a total of 689 BTC.
   Self-mining revenue grew by a massive 219% compared to H1 2023—rising from $13M to $41.7M—while maintaining a strong 31% gross margin and cutting energy costs by 14%.
• Surging Market Performance
   Phoenix shares jumped over 72% between April and June 2025, ranking among the top five traded stocks on the ADX. The momentum carried into Q3, with total gains reaching 110% since April.
• Lean and Scalable
   In contrast to many debt-heavy peers, Phoenix maintains a nearly debt-free balance sheet with just $16 million in liabilities—giving it the flexibility to invest aggressively in new opportunities like its treasury and AI infrastructure.
  
  

Strategic Shift: From Mining to Multi-Use Compute

Phoenix isn’t just a mining powerhouse anymore. The company is pivoting toward AI-driven infrastructure, with plans to build up to 1 gigawatt of hybrid compute capacity by 2027. This includes:

• Repurposing U.S. infrastructure into AI-ready compute facilities.
• Exploring global sites for strategic infrastructure upgrades and redeployments.
• Targeting distressed or underutilized assets from smaller operators for acquisition and rapid AI deployment.

“We’re not just investing in digital assets—we’re investing in the future of compute,” said Munaf Ali, CEO and Co-Founder of Phoenix Group. “Our strategy aligns with the long-term value we see in networks like Bitcoin and Solana, and our AI expansion reflects our vision of becoming a next-generation digital infrastructure platform.”

Navigating Market Volatility

Phoenix did report a $29 million non-cash loss in Q2 due to digital asset revaluations and a one-time depreciation adjustment. However, with the recent recovery in Solana prices, the company expects to partially recoup those losses in Q3.

Looking Ahead

With strong fundamentals, ambitious AI goals, and a clear strategy around digital assets, Phoenix Group is entering its next growth phase—focused on capital-efficient expansion, AI scaling, and strategic asset development. As the largest Bitcoin miner in the MENA region and a top-10 player globally, Phoenix is well-positioned to lead the next wave of digital infrastructure innovation.

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About Phoenix Group
 Phoenix Group is an ADX-listed infrastructure leader headquartered in Abu Dhabi. It operates over 500 megawatts of mining capacity across the UAE, U.S., Canada, Oman, and Ethiopia, and runs the largest mining farm in the MENA region.

Media Contact
 Rose Perinchery
 📩 media@phoenixgroupuae.com