The Abu Dhabi-based Bitcoin Minor Phoenix Group, listed on ADX, reported strong financial and operational results for the second quarter of 2025, highlighting the formalization of the Ministry of Digital Assets Treasury, which exceeds $150 million, became the first company to be registered with ADX. The Ministry of Finance consists primarily of 514 BTC and over 630,000 SOLs.
The company generated $29 million in revenue during the quarter, mining 336 BTC, achieving a 31% gross profit and a 14% reduction in energy costs through self-mining. Phoenix’s stock price exceeded 72% from April to June, with a total increase of 110% since its launch in April. Despite a $29 million non-cash loss from a revaluation of the portfolio, the company positions itself for future growth and remains largely debt-free. CEO Munaf Ali highlighted the strategic importance of the Ministry of Finance and its continued expansion into artificial intelligence and high-performance computing, aiming to build a 1 gigawatt hybrid infrastructure by 2027.
