Shares of cryptocurrency miner Phoenix Group (PHX) rose 35% to AED 2.03 ($0.55) on the Abu Dhabi Stock Exchange (ADX) on its first day of trading, Golden Finance reported. Previously, in November, the UAE-based company said its initial public offering (IPO) was oversubscribed by 33 times.
Phoenix Group provides mining services through managed services and cloud-based services through which customers can rent computing power. The company also operates a cryptocurrency exchange called M2, powered by its ETH-based native token, MMX.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Shares of cryptocurrency miner Phoenix Group (PHX) rose 35% to AED 2.03 ($0.55) on the Abu Dhabi Stock Exchange (ADX) on its first day of trading, Golden Finance reported. Previously, in November, the UAE-based company said its initial public offering (IPO) was oversubscribed by 33 times.
Phoenix Group provides mining services through managed services and cloud-based services through which customers can rent computing power. The company also operates a cryptocurrency exchange called M2, powered by its ETH-based native token, MMX.