Data: Phoenix Group Q1 Financial Report: Net profit reached 66.2 million USD, a year-on-year increase of 166%

2024-05-18 16:06:19

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ChainCatcher news, according to GlobeNewswire, Bitcoin-listed mining company and blockchain technology provider Phoenix Group announced its Q1 financial report, with the following highlights:

Net profit reached $66.2 million, a year-on-year increase of 166%;
Total assets increased by 237% year-on-year, rising from $261 million to $879.3 million;
Total assets grew by 5% quarter-on-quarter;
Revenue increased by 18% quarter-on-quarter, reaching $68.9 million;
Gross profit grew by 82.8% quarter-on-quarter, reaching $23.28 million;
Total comprehensive income increased by 312% year-on-year to $102.28 million, and grew by 33.7% quarter-on-quarter;
Earnings per share were $0.011.

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