Phoenix Group

Phoenix Group PLC Posts Stellar 2024 First Quarter Results with Surge in Assets and Profits

Retrieved on: 
Freitag, Mai 17, 2024
Phoenix Group, Investment, Mining, Total, Growth, ADX, USD, Entrepreneurship, Cryptocurrency

Dubai, UAE, May 17, 2024 (GLOBE NEWSWIRE) -- Phoenix Group PLC (ADX:PHX), the leading provider of web3, crypto, and blockchain technologies in the region, has announced impressive financial results for the first quarter of 2024.

Key Points: 
  • Dubai, UAE, May 17, 2024 (GLOBE NEWSWIRE) -- Phoenix Group PLC (ADX:PHX), the leading provider of web3, crypto, and blockchain technologies in the region, has announced impressive financial results for the first quarter of 2024.
  • In the first year as a publicly listed company, Phoenix Group is proud to announce a Q1 net income of USD 66.2 million, a growth of 166% year-on-year.
  • “We are immensely proud of the remarkable strides we have made in the first quarter of 2024,” stated Seyed Mohammad Alizadehfard, Co-Founder and Group CEO of Phoenix Group.
  • Phoenix Group is confident that its proactive approach to investments will drive sustainable growth and create enduring value for its stakeholders.

Crypto Oasis Thrives: UAE Blockchain Ecosystem sees Exponential Growth with 2,040 Active Organizations in Q1 2024

Retrieved on: 
Dienstag, Mai 7, 2024
Crypto, Crypto.com, XRP, Bitcoin, Cardano, VCS, Organization, Internet of things, Ecosystem, AI, Yoy, Environment, Abu Dhabi Securities Exchange, Silicon, VASP, Workforce, NFT, Government, Phoenix Group, VARA, Growth, OKX, DFSA, Cryptocurrency

DUBAI, May 7, 2024 - (ACN Newswire) - Crypto Oasis proudly presented the an update on the ever-evolving UAE blockchain ecosystem during the second edition of Dubai FinTech Summit 2024.

Key Points: 
  • DUBAI, May 7, 2024 - (ACN Newswire) - Crypto Oasis proudly presented the an update on the ever-evolving UAE blockchain ecosystem during the second edition of Dubai FinTech Summit 2024.
  • - Active companies within the ecosystem surged by a significant 13% year-on-year, reaching a staggering record of 2,040 organizations.
  • Within the vibrant UAE blockchain ecosystem, a diverse array of organizations contributes to its continuous success.
  • The Dubai FinTech Summit was a prime opportunity to witness the UAE's flourishing Blockchain ecosystem firsthand and to present the growth numbers of the ecosystem.

Award-winning Entertainer and Global Icon, Steve Harvey Joins UAE-based, Falcons, in Pursuit of Bringing Rare and Luxury Collectibles to the Region

Retrieved on: 
Mittwoch, März 20, 2024
Phoenix Group, Personality, Social media, Radio, Creativity, Auction

Dubai, UAE, March 20, 2024 (GLOBE NEWSWIRE) -- Emmy® Award-winning entertainer, radio personality, and New York Times best-selling author, Steve Harvey, has partnered with Falcons, to introduce the premier destination for auctions and private sales of luxury and rare collectibles in the MENA region.

Key Points: 
  • Dubai, UAE, March 20, 2024 (GLOBE NEWSWIRE) -- Emmy® Award-winning entertainer, radio personality, and New York Times best-selling author, Steve Harvey, has partnered with Falcons , to introduce the premier destination for auctions and private sales of luxury and rare collectibles in the MENA region.
  • In a bid to bring high-end and rare memorabilia to the region, Falcons is a curated haven for discerning collectors, offering a unique and undiscovered world of items tailored to the Middle East's growing appetite for rarity and exceptional craftsmanship.
  • UAE-based Falcons celebrates the passion for rarity and opulence through private sales, auctions, and an online marketplace.
  • “I'm excited to partner with Falcons to bring their unique vision for luxury collectibles to the Middle East,” said Steve Harvey, Partner at Falcons.

Soaring above Expectations - The Phoenix Group Conclude a Triumphant 2023

Retrieved on: 
Donnerstag, Februar 15, 2024
Phoenix Group, IPO, Investment, Growth, Mining

DUBAI, UAE, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Today Phoenix Group UAE announced exceptional financial performance for 2023.

Key Points: 
  • DUBAI, UAE, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Today Phoenix Group UAE announced exceptional financial performance for 2023.
  • Besides a one-off outlier contract in 2022, sales experienced a remarkable surge of 20% year-on-year, underscoring robust organic growth.
  • The company's core hosting and self-mining businesses witnessed substantial growth year on year growth of 119% and 480%, respectively.
  • Investors can expect further positive developments in the coming months, as Phoenix continues to soar to new heights.

Mythical Games and Fenix Games Reach Settlement

Retrieved on: 
Montag, Februar 5, 2024
Legal, Technology, Electronic Games, Entertainment, Professional Services, Software, Blockchain, Audio, Video, Consumer Electronics, Web3, Phoenix Group, Fault, Superior court

Mythical Games and Fenix Games are pleased to announce they have reached an amicable settlement agreement.

Key Points: 
  • Mythical Games and Fenix Games are pleased to announce they have reached an amicable settlement agreement.
  • On December 22, 2022, Mythical, Inc. initiated a lawsuit against Fenix Games LLC, Rudy Koch, Chris Ko, and Matthew Nutt in Los Angeles Superior Court, Case No.
  • The parties have resolved the matter and entered into a confidential settlement agreement wherein no party admitted to fault or liability.
  • Messrs. Koch, Ko, and Nutt are no longer employed by or associated with Phoenix Group or Cypher Capital, nor did they receive a $150 million investment from Phoenix Group or Cypher Capital.

Phoenix Group Doubles Down on Mining Dominance with USD 187 Million Bitmain Deal, Following Historic Partnerships and IPO Success

Retrieved on: 
Dienstag, Januar 9, 2024
Bitcoin, MD, Partnership, Mining, Acquisition, IPO, USD, ADX, Abu Dhabi Securities Exchange, Phoenix Group, Growth, Cryptocurrency

"This latest deal, following our successful IPO and partnerships, signals our relentless pursuit of excellence and solidifies our leadership in this dynamic space," declared Bijan Alizadehfard, Co-Founder & Group CEO of Phoenix Group.

Key Points: 
  • "This latest deal, following our successful IPO and partnerships, signals our relentless pursuit of excellence and solidifies our leadership in this dynamic space," declared Bijan Alizadehfard, Co-Founder & Group CEO of Phoenix Group.
  • "Partnering with titans like Bitmain and Whatsminer equips us with the best tech, fuels our growth, and redefines the future of efficient and sustainable mining."
  • Phoenix Group acquires USD 187 million worth of top-tier Bitcoin mining machines from Bitmain.
  • This move follows the company's historic multi million dollar partnership with Whatsminer and a successful IPO on the ADX.

Phoenix Group Reinforces Its Tech and Web3 Portfolio with Strategic Investment in Lyvely

Retrieved on: 
Samstag, Dezember 23, 2023
Phoenix Group, Partnership, Acquisition, MD, Social, Vision, Retail

With Phoenix's investment, Lyvely's revolutionary platform leaps beyond the confines of e-commerce, fostering direct-to-consumer relationships through a unique blend of Web2 and Web3 features.

Key Points: 
  • With Phoenix's investment, Lyvely's revolutionary platform leaps beyond the confines of e-commerce, fostering direct-to-consumer relationships through a unique blend of Web2 and Web3 features.
  • Bijan Alizadehfard, Co-Founder & Group CEO of Phoenix Group, stated, "Phoenix Group's strategic investment in Lyvely illustrates and supports Phoenix's Vision to support home grown tech start-ups and the future of innovation.
  • Farah Zafar, CEO of Lyvely and MD & Group CLO of Phoenix Group, elaborates, "This isn't just an investment – it's a strategic alliance between a Web3 powerhouse and tech innovators with the collective vision to revolutionise the way people monetise online and to empower everyone's digital and web3 footprint.
  • This strategic investment by Phoenix Group is not just a capital infusion but a partnership between a major player in the Web3 world and a pioneering consumer tech platform.

Goldmoney Inc. Announces Third Property Acquisition in the UK

Retrieved on: 
Freitag, Dezember 22, 2023
RPI, Barclays, XAU, St James's Place, Acquisition, CAD, Phoenix Group, LTV, Calendar, Insurance, Letter, GIA, TSX, BCO, Retail, Bank

On December 22, 2023, Goldmoney Properties completed the acquisition of St James Place I and II, in Cirencester, Cotswold District, in the county of Gloucestershire, United Kingdom.

Key Points: 
  • On December 22, 2023, Goldmoney Properties completed the acquisition of St James Place I and II, in Cirencester, Cotswold District, in the county of Gloucestershire, United Kingdom.
  • The two buildings were acquired by ABRDN and a subsidiary of Phoenix Group Holdings for £47.4 million in 2019.
  • Statement from Roy Sebag, Founder and CEO of Goldmoney Inc.
    “With the acquisition of St James Place I and II, Goldmoney Properties now owns three long-life high quality real assets totaling over 412,000 square feet.
  • “We set out to build Goldmoney Properties into a second diversified income stream for Goldmoney Inc. by deploying the excess capital we had earned over the 2020-2023 period.

Phoenix Group and Whatsminer Seal $380M Deal for Sustainable Hydro-Powered Mining Innovation

Retrieved on: 
Donnerstag, Dezember 7, 2023
Bitcoin, Phoenix Group, Partnership, Blockchain, Mining, ADX, HPC, Miner, Growth, Abu Dhabi Securities Exchange, Cryptocurrency

Phoenix Group, already partnered with and the exclusive distributor of WhatsMiner , is taking a significant leap forward by integrating hydro cooling miners in collaboration with WhatsMiner.

Key Points: 
  • Phoenix Group, already partnered with and the exclusive distributor of WhatsMiner , is taking a significant leap forward by integrating hydro cooling miners in collaboration with WhatsMiner.
  • Our established partnership with WhatsMiner, now further enhanced by this deal, showcases our dedication to pioneering sustainable mining technologies, leading the industry towards a greener future.
  • Bijan Alizadehfard, Co-Founder & Group CEO of Phoenix Group PLC, shares, "This collaboration with Whatsminer is a milestone for Phoenix Group, reflecting our strategic foresight and commitment to pioneering in the tech industry.
  • The ADX listing of Phoenix Group and the collaboration with Whatsminer mark a new era of growth and innovation for the company.

Phoenix Group PLC Celebrates Historic IPO on Abu Dhabi Securities Exchange

Retrieved on: 
Dienstag, Dezember 5, 2023
Bitcoin, Phoenix Group, PLC, Mining, MD, Renewable energy, ADX, Security, Growth, IPO, History, Abu Dhabi Securities Exchange, Cryptocurrency

ABU DHABI, UAE, Dec. 05, 2023 (GLOBE NEWSWIRE) -- In a momentous event that marks a new era in the regional technology and financial sector, Phoenix Group PLC proudly announces its successful listing on the Abu Dhabi Securities Exchange (ADX).

Key Points: 
  • ABU DHABI, UAE, Dec. 05, 2023 (GLOBE NEWSWIRE) -- In a momentous event that marks a new era in the regional technology and financial sector, Phoenix Group PLC proudly announces its successful listing on the Abu Dhabi Securities Exchange (ADX).
  • Phoenix Group PLC's public debut on ADX represents a significant leap in innovation and growth for the tech and blockchain sector.
  • We extend our profound gratitude to the visionary leadership of Abu Dhabi and the Abu Dhabi Securities Exchange (ADX) for their unwavering support and foresight, which have been pivotal in achieving this landmark success.
  • Bijan Alizadehfard, Co-Founder & Group CEO of Phoenix Group PLC, stated: "Today's IPO is a testament to the power of vision, collaboration, and innovation.