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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin Mining => Topic started by: sirty143 on February 15, 2024, 05:30:30 AM

Title: Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sal
Post by: sirty143 on February 15, 2024, 05:30:30 AM
Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth

After its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain infrastructure, has announced a significant 50% increase in net income... See more for yourself here (https://news.bitcoin.com/bitcoin-mining-company-phoenix-group-reports-50-net-income-increase-and-20-sales-growth/).

Your opinion is greatly appreciated.
Title: Re: Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sal
Post by: philipma1957 on February 16, 2024, 02:14:26 AM
Not a lot of hard facts in the article.  As a person that has built out mines.  For 10 to 1000 miners I can tell you that mining btc is headed towards a brick wall as I type. If we do not see btc rise to 75-90k asap  miners will be crushed in the April-May months after the 1/2 ing.
Title: Re: Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sal
Post by: Stompix on February 24, 2024, 07:05:13 AM
Quote from: philipma1957 on February 16, 2024, 02:14:26 AM
Not a lot of hard facts in the article.  As a person that has built out mines.  For 10 to 1000 miners I can tell you that mining btc is headed towards a brick wall as I type. If we do not see btc rise to 75-90k asap  miners will be crushed in the April-May months after the 1/2 ing.

Phoenix Group it's a sort of mastery for me, they basically came out of nowhere really, got 300millions in an IPO, are now running a $12billion business if we count share price, and have some really weird financial report with $229 million in assets, $288 million in revenues and $207 million net operating profit, of all the publicly traded companies their balance is the weirdest!


 
Title: Re: Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sal
Post by: Llew on April 03, 2024, 11:13:45 PM
Wow, that's impressive news from Phoenix Group! A 50% increase in net income is no small feat. It's great to see companies thriving in the crypto space. Thanks for sharing the update! Staying informed is a very important part of working in the cryptocurrency industry.
Title: Re: Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sal
Post by: paid2 on April 20, 2024, 02:49:37 PM
Quote from: philipma1957 on February 16, 2024, 02:14:26 AM
Not a lot of hard facts in the article.  As a person that has built out mines.  For 10 to 1000 miners I can tell you that mining btc is headed towards a brick wall as I type. If we do not see btc rise to 75-90k asap  miners will be crushed in the April-May months after the 1/2 ing.

Yeah for now the fees are crazy high because of ordinals bullshit, but it will not last forever... Curious to see how the total network hashrate will move during the next two months, especially when ordinals will stop to spam the blockchain ?and fees back to 0.3-0.7 BTC per block?