Russian oligarch Roman Abramovich has reportedly invested $63 million in a series of European startups through his association with London-based venture firm Target Global. This information was revealed in a collection of documents reviewed by Forbes. The venture capital fund, which has raised over $3.2 billion of capital and backed at least 15 European tech […]
Stablecoin firm Circle has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). This marks a significant shift for the company, which is making another attempt to go public after terminating a prior deal a year ago. The company announced its move through a press statement, revealing that […]
Phoenix Group, a crypto mining firm based in Abu Dhabi, has announced its plan to buy $187 million worth of new Bitcoin mining rigs from Bitmain Technologies. This move is part of a series of steps to expand their mining operations. The purchase was conducted through Phoenix’s subsidiary, Phoenix Computer Equipment, and Bitmain dealer Cypher […]
Phoenix Group PLC, a cryptocurrency mining and blockchain firm listed on the Abu Dhabi securities market, is investing $187 million to strengthen its position in the Bitcoin mining sector. The company’s subsidiary, Phoenix Computer Equipment, has announced an agreement with Bitmain Development PTI Ltd to purchase the latest mining machines. The deal, concluded through Cypher […]
Circle, a leading global financial technology company, has obtained registration as a Digital Asset Service Provider (DASP) in France. This move is part of Circle’s strategy to expand its presence in the European Union (EU) and strengthen its regulatory compliance.Circle has always prioritized regulatory compliance and obtaining the conditional DASP registration in France is a […]
The Swiss industrial company R&S Group has defied the challenging IPO environment by going public through a Spac transaction. The company, specializing in electrical engineering, experienced a strong start on the Swiss stock exchange, with its shares closing the day with a nearly 13% increase. This marks the first “real” IPO with capital raising on […]
Middle East-based Bitcoin miner, Phoenix Group, has made a successful debut on the Abu Dhabi Securities Exchange (ADX), becoming the first crypto-related firm to go public in the region. Despite a slight delay in its listing due to public holidays, the miner’s stock price surged over 50% on its first day of trading. This strong […]
Middle East-based Bitcoin miner, Phoenix Group, has made a successful debut on the Abu Dhabi Securities Exchange (ADX), becoming the first crypto-related firm to go public in the region. Despite a slight delay in its listing due to public holidays, the miner’s stock price surged over 50% on its first day of trading. This strong […]
Cryptocurrency mining firm Phoenix Group has made its debut on the Abu Dhabi Securities Exchange (ADX), becoming one of the first publicly listed companies in the Middle East’s cryptocurrency industry. The company’s stock, PHX, opened at 2.25 dirhams (AED) or $0.6 on December 5th. Since its initial public offering (IPO) at 1.50 AED or $0.41, […]
Cryptocurrency mining firm Phoenix Group has made its debut on the Abu Dhabi Securities Exchange (ADX), becoming one of the first publicly listed companies in the Middle East’s cryptocurrency industry. The company’s stock, PHX, opened at 2.25 dirhams (AED) or $0.6 on December 5th. Since its initial public offering (IPO) at 1.50 AED or $0.41, […]
