Phoenix Group, the parent company of Phoenix Coin, is making notable moves, demonstrating
innovation, commitment to
sustainability, and strength amid turbulent market conditions. Recently, the group initiated the launch of a
UAE dirham-pegged stablecoin with Tether, aiming to tap into the Middle Eastern cryptocurrency market. In parallel, Phoenix is also focusing on significant
expansions by launching a 25MW crypto facility and bolstering mining capabilities with a $187 Million deal with Bitmain.
Meanwhile, Phoenix's mining subsidiary, Phoenix BCH Miner, is credited with a powerful increase in Bitcoin Cash's hash rate. An influx of dealmaking activity is also evident, with Phoenix Group securing a massive $380M deal for sustainable Bitcoin mining equipment and purchasing Bitcoin mining machines worth $187M.
On the investor front, the Group's initial share sale was reportedly 33-times oversubscribed, raising investor confidence. Phoenix Coin aims to differentiate itself from other cryptocurrencies through its innovative tokenomics and strong community focus, leading to an exciting launch.
Despite regulatory pressures leading to the group's exit from US market, Phoenix is still on the rise, experiencing a 50 percent jump in Net Income.
Phoenix Coin News Analytics from Fri, 07 Sep 2012 07:00:00 GMT to Sat, 12 Oct 2024 16:07:37 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor -5
