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This Bitcoin Miner Nears Penny Stock Status as Revenue Declines Despite Mining Gains

Phoenix Group, the first UAE-listed cryptocurrency mining company, reported mixed financial results for 2024, with strong mining revenue growth contrasting against an overall decline in total revenue and profitability.

Feb 17, 2025 - 09:36
This Bitcoin Miner Nears Penny Stock Status as Revenue Declines Despite Mining Gains
StablecoinPhoenix Group, the first UAE-listed cryptocurrency mining company, reported mixed financial results for 2024, with strong mining revenue growth contrasting against an overall decline in total revenue and profitability.
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