Phoenix Group Posts Strong Q3 Results, Accelerates Global Expansion

Phoenix Group (an IHC Group portfolio company and global leader in blockchain and digital‑asset infrastructure) reported its Q3 2025 results with rising revenue and ongoing expansion across key markets. Revenue climbed 10 % quarter‑over‑quarter to USD 32 million, driven by a 6 % increase in self‑mining activity. Adjusted EBITDA surged 154 % to USD 960 000, while self‑mining margins expanded to 46 % (up from 31 % in Q2). The company mined 305.5 BTC during the quarter—including 194.9 BTC through self‑mining—and held an operational treasury of 682 BTC plus over 642 000 SOL tokens as of September 30. Global expansion continues with new capacity of 62 MW in Ethiopia and 44 MW in North America, and a total self‑mining hash‑rate target of approximately 13 EH/s by Q1 2026. A one‑time impairment of USD 48.5 million tied to strategic reallocation of South Carolina operations was also recorded as part of a plan to optimise higher‑yield, energy‑efficient sites. CEO Munaf Ali highlighted that Q3 sets the stage for scaling toward 1 GW of capacity and advancing into AI and high‑performance computing. #PhoenixGroup #cryptoMining #digitalAssets #AIInfrastructure #SlimScan #GrowthStocks #CANSLIM