Phoenix Group Q1 financial report released: net profit increased by 166% year-on-year, total assets increased by 237%

According to Odaily Planet Daily, Phoenix Group, a listed Bitcoin mining company and blockchain technology provider, released its Q1 financial report. The report shows that Phoenix Group's net profit reached US$66.2 million, a year-on-year increase of 166%. Total assets increased by 237% year-on-year, from US$261 million to US$879.3 million, a month-on-month increase of 5%. Revenue increased by 18% month-on-month to US$68.9 million. Gross profit increased by 82.8% month-on-month to US$23.28 million. Total comprehensive revenue increased by 312% year-on-year to US$102.28 million, a month-on-month increase of 33.7%. Earnings per share were US$0.011.