Phoenix Group Mines 350 Bitcoin in Q1, Bolsters North American Operations With Texas Facility

This week, Phoenix Group PLC reported $31 million in Q1 2025 revenue alongside progress toward 500 megawatts (MW) of global bitcoin mining capacity, including a newly operational 20 MW facility in Texas. Phoenix Group Targets Top 5 Bitcoin Mining Spot by 2026 Phoenix Group, an Abu Dhabi-based cryptocurrency mining firm, announced consolidated Q1 revenue of