According to Foresight News, crypto mining company Phoenix Group released its first quarter financial report. Net profit in the first quarter was US$66.2 million, a year-on-year increase of 166%; total assets increased from US$261 million to US$879.3 million, a year-on-year increase of 237% and a month-on-month increase of 5%; revenue was US$68.9 million, a month-on-month increase of 18%; gross profit was US$23.28 million, a month-on-month increase of 82.8%; total comprehensive income was US$100 million, a year-on-year increase of 312% and a month-on-month increase of 33.7%.