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Phoenix Group PLC (United Arab Emirates)

Main Activities: Offices of Other Holding Companies
Full name: Phoenix Group PLC Profile Updated: August 23, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Group has established itself as a global leader in the development, operation and management of crypto data centers. It has also expanded its global footprint across UAE, Oman, Canada, USA and other regions through various business segments including hosting, trading, retail, cloud-mining and the establishment of the UAE's first fully regulated digital asset exchange.
it is also the exclusive distributor of industry leading mining equipment MicroBT across various geographies. The competitive advantage and success of the Group is attributed to the visionary leadership of its founders and stakeholders, first-mover advantage in the digital mining space, the ability to secure competitively priced utilities at quasi – governmental levels, access to equipment and access to capital which has been utilized in the most cost effective manner, resulting in exemplary returns and revenue.
The Company is licensed to undertake the following activities Activities of Holding Companies Activities of Head Offices Treasury Financial Systems and Applications Development Proprietary Investment Company and Proprietary Asset Management Company
The Company was incorporated in the ADGM on August 2 , 2022, as a private company limited by shares
On September 25,2023 the Company converted to be a public company limited by shares
The Group develops, operates, and manages highly specialised data centres, hosting high-performance computing power for digital asset across the UAE, Oman, US, Canada. Additionally, the Group also hosts, operates and maintains equipment within its existing data centres and enables investment opportunities within cloud mining
Company s Mission :
To empower clients with exceptional solutions, leveraging technology and expertise to transform the way they do business. With a team of industry-leading experts and a global presence, the company offers comprehensive solutions, including blockchain and cryptocurrency services, all backed by a commitment to exceptional service and support.

Legal Address
Resco-Work 10,34 Floor, Al Maqam Tower, Adgm Square, Al Maryah Island, Po Box 35665
Abu Dhabi; Northern Emirates; Postal Code: 3412

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Website: http://www.phoenixgroupuae.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2022
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
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Managing Director
Ownership Details
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42.021%
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8.5%
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5.34%
Subsidiaries
Absolute Power Solutions Inc. (United States)
Advanced Power Solutions Inc. (Canada)
Block One Technology Inc. (Canada)
Company Performance
Financial values in the chart are available after Phoenix Group PLC report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
-31.99%
Total operating revenue
-36.18%
Operating profit (EBIT)
-88.53%
EBITDA
-78.05%
Net Profit (Loss) for the Period
17.59%
Total assets
148.05%
Total equity
214.17%
Operating Profit Margin (ROS)
-26.16%
Net Profit Margin
45.87%
Return on Equity (ROE)
-32.44%
Debt to Equity Ratio
0.78%
Quick Ratio
-0.56%
Cash Ratio
0.02%

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