Phoenix Group Formalizes $150M Crypto Treasury in Q2 2025 Results

CN
1 day ago

The company generated $29 million in revenue and mined 336 BTC during the quarter, achieving a 31% gross margin on self-mining and a 14% reduction in energy costs. Phoenix’s share price surged over 72% from April to June, with total gains reaching 110% since the start of April. Despite a non-cash loss of $29 million due to portfolio revaluations, the company remains nearly debt-free, positioning itself for future growth. CEO Munaf Ali emphasized the strategic importance of the treasury and the ongoing expansion into artificial intelligence and high-performance computing, aiming to build 1 gigawatt of hybrid infrastructure by 2027.

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