Phoenix Group (Ticker: PHX UH) is a cryptocurrency mining and blockchain technology company. Phoenix Group is the first crypto mining and blockchain tech company in the Middle East to go public and will list on December 5, 2023, on the Abu Dhabi Securities Exchange (ADX). The firm's initiatives include a joint venture with the Abu Dhabi government and the development of the world's largest hydropower mining farm in Abu Dhabi. Phoenix Group's strategy encompasses Bitcoin mining and renewable energy projects. The post-IPO valuation of Phoenix Group is estimated at approximately $2.47 billion. Details regarding the number of shares offered, their price, and the total offer size have not been specified. The offering has seen significant oversubscription, indicating high investor interest.