PHOENIX GROUP PLC Preliminary Financial Results for the Period Ended December 31,2025 | premargin
PHOENIX GROUP PLC Preliminary Financial Results for the Period Ended December 31,2025
·ADX·Financial Reports | Preliminary Results·February 13, 2026·View on exchange
AI Summary
Phoenix Group reported a preliminary net loss of $271.7 million for the fiscal year ended December 31, 2025, primarily driven by a $170 million fair value loss on its investment portfolio following the wind down of the M2 exchange.
Total revenue declined 43% year-over-year to $117.7 million, though adjusted EBITDA improved to $3.4 million as the company shifted focus from hosting and trading to higher-margin self-mining operations.
Self-mining revenue grew to $84 million, supported by an expansion of mining capacity to 132 MW in Ethiopia and 75 MW in North America, resulting in a year-end average hash rate of 7.5 EH/s.
The company announced a strategic pivot toward AI infrastructure and high-performance computing, alongside the public listing of its 13.9% equity stake in Bitzero on the Canadian Securities Exchange.
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