In recognition of our efforts in the digital world, we were awarded the title “Bitcoin Mining Company of the Year” at the Entrepreneur E-Business Awards ceremony. Organized by BNC Publishing, the event was held on March 8, 2024 at Dubai's Habtoor Palace and brought together luminaries and visionaries in the field of e-business from across the region.
This honor is a testament to Phoenix Group's commitment to innovation and sustainability in crypto mining solutions. With a commitment to empowering the digital age, the conglomerate has carved out a niche for itself as the region's first publicly listed blockchain and technology conglomerate.
Phoenix Group's performance comes on the heels of its recent debut on the Abu Dhabi Stock Exchange following a significant initial public offering that raised an impressive USD 370 million. The IPO was oversubscribed by an astonishing 33 times, underscoring the interest from both retail and professional investors in the company's efforts.
, Co-Founder and Group Managing Director of Phoenix Group, expressed his gratitude for the award, saying it symbolizes not only the brand's success but also the collective vision, teamwork and dedication of its members. He emphasized that Ali reiterated the company's commitment to transforming traditional business models through blockchain and cryptocurrencies, thereby leading to increased adoption in the region.
The Co-Founder and Group CEO praised Phoenix Group's outstanding team for being behind every milestone. Alizade Fard emphasized that the company is in line with the UAE government's vision to diversify the economy and establish the country as a global technology and innovation hub.
Phoenix Group's “Bitcoin Mining Company of the Year'' award highlights the company's important role at the forefront of the blockchain, cryptocurrency, and technology revolution. As the company spearheads innovation and pushes the industry to new heights, its impact on the digital world will be deep and far-reaching.
