About Phoenix

Phoenix Group was born from a bold vision - to lead the future of the digital economy.
In 2017, Seyed Mohammad Alizadehfard (Bijan) and Munaf Ali set out to create not just a company, but a global movement that would define what’s truly possible in web3. Since our founding, we have expanded rapidly in the web3 space, managing a diverse portfolio of 23 businesses, including multiple advanced mining facilities in the US, Canada, Ethiopia, and the UAE.
Our $2 billion crypto mining farm in Abu Dhabi, developed with the UAE government, is one of the largest in the world.
By 2019, we were already breaking new grounds, becoming the first distributor of Bitmain in the Middle East.
But we were never content with simply following the market; we wanted to lead it. Our rapid expansion into Canada and the USA cemented our place on the global stage, but 2023 became our defining year.
In a monumental step, Phoenix Group went public on the Abu Dhabi Stock Exchange (ADX), marking a new chapter in our journey. Alongside this, we launched M2 Exchange, a platform designed to facilitate seamless digital asset trading.
Our ambitions didn’t stop there. We ventured into the digital content space with a strategic stake in Lyvely, an innovative platform bridging social media and blockchain, aligning with our vision to integrate web3 into everyday experiences.
As we look ahead, one of our most groundbreaking initiatives is our partnership with Tether to create a Dirham-pegged Stablecoin—a move that promises to disrupt digital finance in the UAE and beyond.
Through every bold step, Phoenix Group remains true to its core values: innovation, strategic foresight, and a deep commitment to advancing the web3 ecosystem. The future is bright, and for Phoenix Group, this is only the beginning.
Our Mission
We are on a mission to build and operate the world’s most trusted infrastructure for Bitcoin, AI, and high-performance compute.