Phoenix Group Posts Strong Q3 Growth on BTC Mining Expansion

Phoenix Group’s Q3 Bitcoin mining output surged 31% from Q2, boosting quarter-on-quarter revenue by 10% to $32M and strengthening crypto holdings.

BTC

SOL

127d ago

Summary

Phoenix Group mined 305.5 BTC in Q3 2025, a 31% increase from Q2. Revenue rose 10% quarter-on-quarter to $32 million, while the company’s crypto holdings stood at 682 BTC and 642,000 SOL at the end of September. The performance reflects enhanced mining capacity and efficiency gains.

Terms & Concepts

BTC Mining: The process of validating Bitcoin transactions and adding them to the blockchain, for which miners are rewarded in BTC.
Adjusted EBITDA: Earnings before interest, taxes, depreciation, and amortization, adjusted to exclude certain one-time or non-operational items.
Exahash per second (EH/s): A measure of computational power in cryptocurrency mining equal to one quintillion hashes per second.