Phoenix Group PLC 2024 AR2
The report highlights Phoenix Group's significant operational and financial achievements in 2024, including a 236% year-on-year increase in Bitcoin mining revenue to $107 million and the expansion of its global mining capacity to over 15 EH/s. The company successfully launched new sites in the US, Canada, and Oman, totaling 160 MW, and integrated ESG principles by expanding its use of hydropower, which avoided approximately 133,850 tonnes of CO2 emissions. Additionally, Phoenix Group prioritized diversity and safety, achieving 1,475,216 man-hours with zero safety incidents and maintaining 25% female representation on its Board of Directors.
Company: Phoenix Group PLC
Sector: Technology & telecommunications
Country: United Arab Emirates
Year: 2024
Type: AR2
Pages: 112
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Phoenix Group PLC
Annual Report
The report highlights Phoenix Group's significant operational and financial achievements in 2024, including a 236% year-on-year increase in Bitcoin mining revenue to $107 million and the expansion of its global mining capacity to over 15 EH/s. The company successfully launched new sites in the US, Canada, and Oman, totaling 160 MW, and integrated ESG principles by expanding its use of hydropower, which avoided approximately 133,850 tonnes of CO2 emissions. Additionally, Phoenix Group prioritized diversity and safety, achieving 1,475,216 man-hours with zero safety incidents and maintaining 25% female representation on its Board of Directors.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Employees