Techub News reports, according to Arabian Business, that the UAE cryptocurrency mining company Phoenix Group has recently appointed Munaf Ali as its CEO and plans to go public on Nasdaq in 2025. Current CEO and co-founder Seyed Mohammad Alizadehfard will step down from the leadership role to focus on expanding its investment fund Cypher Capital. Additionally, he will continue to participate in the work of Phoenix Group as a major shareholder and important advisor.
Phoenix Group is the first UAE cryptocurrency company to be listed on the Abu Dhabi Securities Exchange (ADX), operating a mining business with 765 megawatts in the United States, Canada, and the UAE.
