According to PANews, Phoenix Group, the first local cryptocurrency company listed on the Abu Dhabi Securities Exchange (ADX), has announced the appointment of a new CEO and plans for a dual listing on Nasdaq by 2025. This move aims to expand its international market presence and enhance global influence.
Founded in 2017 and headquartered in Abu Dhabi, UAE, Phoenix Group successfully listed on the Abu Dhabi Securities Exchange in October 2023, marking it as the first private cryptocurrency and blockchain entity to be listed on a Middle Eastern stock market.
Phoenix Group is recognized as the largest cryptocurrency mining operator in the Middle East and North Africa region. The company is involved in mining, hosting, trading, and investment sectors, operating a total of 765 megawatts of mining facilities globally.