Phoenix Group, a cryptocurrency company, has announced plans for a dual listing on Nasdaq in 2025 to expand its international presence.
Nasdaq Dual Listing Plans
Phoenix Group, the first cryptocurrency company in the UAE, has unveiled plans to dual list on Nasdaq in 2025. This strategic move aims to enhance the company's international presence and position it as a leader in blockchain and cryptocurrency.
Phoenix Group Operations and Achievements
Founded in 2017 and based in Abu Dhabi, Phoenix Group reached a significant milestone in October 2023 by becoming the first private cryptocurrency and blockchain company to list on the Abu Dhabi Securities Exchange. The company operates 765 megawatts of mining facilities in the USA, Canada, and the UAE, establishing itself as a key player in the global cryptocurrency mining landscape.
Company Leadership and Future
Munaf Ali, the co-founder, recently assumed the role of CEO. With over 20 years of experience in capital markets, Ali emphasized the convergence of traditional and digital assets. Former CEO Seyed Mohammad Alizadehfard will continue with the company as an advisor.
The Nasdaq dual listing provides Phoenix Group with an opportunity to tap into global capital markets, strengthening international presence and attracting new investment capital.
