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Bitcoin mining company Phoenix Group announced Q1 financial report: net profit of 66.20 million US dollars, an increase of 166%

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2024-05-18 08:00:19
Phoenix Group, a bitcoin-listed mining company and blockchain technology provider, announced its Q1 financial results, with the following main contents:
Net profit 66.20 million US dollars, an increase of 166%
Total assets rose 237% year-on-year, from $261 million to $879.30 million.
3. Total assets rose by 5% month-on-month.
4. Revenue increased 18% sequentially to $68.90 million.
5. Gross profit increased by 82.8% quarter-on-quarter to $23.28 million.
6. Total consolidated revenue increased 312% year-on-year to $102.28 million, an increase of 33.7% month-on-month.
Quarter 1 earnings per share in 2024 will be $0.011.
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