Insights and Updates
July 16, 2026
Phoenix reported Q2 2026 revenue of $19.0 million, held self-mining margins at 43%, and advanced construction on its Lyon, France AI data centre after completing the site acquisition.
June 18, 2026
Phoenix Group appointed Phillip Ross as Director – Data Center, Design and Development, strengthening its delivery capabilities as it scales its more than 1GW AI and HPC pipeline across Europe and the GCC.
May 13, 2026
Phoenix partnered with DC Max to launch an 18MW AI-ready data center in Lyon, opening a repeatable European platform targeting more than 1GW of AI and HPC capacity.
February 18, 2026
Phoenix reported stronger Q4 production, lower mining costs, and rising efficiency while redirecting capital toward self-mining, AI-ready infrastructure, and higher-return growth.
November 6, 2025
Phoenix launched a 30MW hydropower-backed mine in Ethiopia with EEP, expanding its Africa footprint and reinforcing a path toward 1GW of compute capacity.
October 29, 2025
Q3 results showed higher revenue, better margins, and expanding self-mining output while Phoenix advanced new capacity, treasury management, and AI transition plans.
August 7, 2025
H.C. Wainwright reiterated a Buy rating and AED 3.00 target, citing Phoenix's self-mining margins, digital asset holdings, and AI and HPC strategy.
July 31, 2025
Phoenix formalized a $150 million-plus digital asset treasury, posted solid mining performance, and accelerated its AI and HPC expansion roadmap during Q2.
May 7, 2025
Phoenix delivered $31 million in revenue, expanded capacity in Texas and Ethiopia, and continued shifting toward self-mining while preparing for AI growth.
April 29, 2025
Phoenix secured 52MW more capacity in Ethiopia, lifting its global operational footprint beyond 500MW and deepening its sustainable mining expansion.
April 22, 2025
At its second AGM, Phoenix highlighted 2024 strategic progress, approved all resolutions, and reaffirmed reinvestment-led expansion across mining and digital infrastructure.
March 10, 2025
Munaf Ali increased his stake by over 20 million shares, signaling long-term conviction as Phoenix evaluates U.S. expansion and broader diversification.
February 26, 2025
Munaf Ali led Phoenix's delegation to Cantor's New York conference, positioning the company to engage U.S. investors on mining, AI, and digital infrastructure.
February 12, 2025
Phoenix reported 236% year-over-year mining revenue growth, driven by global expansion, improved efficiency, and a rapidly scaling self-mining operation.
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January 22, 2025
Phoenix accelerated expansion with an 80MW Ethiopian power agreement, boosting capacity, sustainability, and network growth across its global mining portfolio.
December 20, 2024
Phoenix appointed Munaf Ali as CEO to guide growth, sharpen strategy, and advance institutional adoption across its expanding digital infrastructure platform.
January 6, 2025
Phoenix energized a 50MW North Dakota facility, adding more than 2.7 EH to global hashrate and strengthening its North American presence.