Abu Dhabi, United Arab Emirates: Phoenix Group, a technology conglomerate revered for its cutting-edge blockchain and crypto solutions, announced its impending Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX).

Phoenix Group is co-founded by pioneering blockchain and cryptocurrency specialists, Bijan Alizadeh and Munaf Ali and overseen by a visionary board including H.E. Tareq Alhosani Abdulraheem (who sits on the Board of several UAE strategic entities including being chairman of Global Aerospace Logistics LLC) and Elham Alqasim (who sits on the Board of Bayanat and Board Director at Amanat Holdings PJSC).

This upcoming listing would represent an important IPO for the UAE, with Phoenix Group being the first privately owned crypto and blockchain entity to be listed on a Middle East stock market.

Discussing the upcoming IPO, the Co-Founders of Phoenix Group Bijan Alizadehfard the Group’s CEO and Munaf Ali the Group’s MD, said, “Our journey, originating from the heart of Abu Dhabi, has always been visionary, looking beyond borders and horizons. Today, as we stand at the cusp of this significant milestone, we're not just announcing an intention to IPO – we're sharing our commitment to a future where technology knows no boundaries. The impending IPO will not only be a testament to our past achievements, but a clear signal of our ambitions. We envision a world where our digital solutions, rooted in Abu Dhabi's innovative spirit, touch every life, every business, and every community across the globe. Our aim is to be able to help create a more resilient, inclusive, and diversified global blockchain economy, and this IPO is just the first step towards achieving that goal.”

They also added, “Announcing our planned IPO is a pivotal moment for Phoenix Group; a significant stride aligned with Abu Dhabi's Economic Vision 2030. Our aim has always been to champion innovation and contribute to Abu Dhabi's positioning in the global tech landscape. This landmark announcement offers local, regional and global investors the opportunity to participate in making this iconic vision, a reality”.

With a total installed capacity of 725 MW across the UAE, Oman, US, Canada and CIS countries, Phoenix Group specialises in a range of services, from high-performance computing to crypto and cloud mining, data centre hosting, crypto trading, and crypto mining products and equipment.

For real-time updates and further information, please visit: www.phoenixgroupuae.com-

About Phoenix Group  

Headquartered in Abu Dhabi, Phoenix Group is a technology conglomerate bringing cutting-edge blockchain and crypto solutions to an expansive market. Established in 2017, the group offers a comprehensive range of services, from high-performance computing to crypto and cloud mining, data centre hosting and cooling solutions, crypto trading, crypto mining products and equipment, and Web3 game publishing and distribution. It is also the exclusive distributor for industry leading  mining equipment – MicroBT in the GCC, Egypt, Turkey and Kenya.

With a total installed capacity of 725 MW, Phoenix Group develops, operates, and manages highly specialised crypto mining data centres hosting high-performance computing power for digital asset mining across the UAE, Oman, US, Canada, and CIS Countries.  Additionally, the group hosts, operates, and maintains mining equipment within its existing crypto data centres and enables investment opportunities within cloud mining.

Since its foundation, Phoenix Group has made substantial investments in joint ventures with Citadel, the largest bitcoin mining operation in the Middle East, Bitzero, a Vancouver-based ESG-compliant self-mining company, and founded M2, a UAE regulated digital asset exchange, marketplace and investment platform. 

Co-founded by visionary blockchain and cryptocurrency specialists, Bijan Alizadehfard and Munaf Ali, and driven by a passionate team of 191 professionals, Phoenix Group’s local expertise and global footprint reiterates its commitment to delivering innovative solutions that help build a more decentralised future for all.  

For more information, please visit: 
Phoenix Group Website: https://www.phoenixgroupuae.com
Phoenix Group LinkedIn: https://www.linkedin.com/company/phoenixgroupuae 
Phoenix Group Twitter: https://twitter.com/phoenixgroupuae