Bitcoin (BTC) miner Phoenix Group closed its initial public offering on the Abu Dhabi Securities Exchange, citing 33 times oversubscription.
Based in United Arab Emirates Bitcoin miner Phoenix Group announced on Tuesday that its listing on the Abu Dhabi Securities Exchange (ADX) public offering than expected 33 Due to the demand being twice as high on November 18 reported that it was closed.
Phoenix Group, last week 370 million announced that it completed the $100,000 public offering. According to the statement, per share $0.41 to be 907 million shares the company to investors by selling 17.64% was given.
The company exceeds expectations of individual investors 180 floor institutional investors are more 22 floors He stated that he made a request. The shares in question 4 December It is expected to start trading on .
Phoenix Group, which also manages a cryptocurrency exchange called M2, hashrate a rented cloud-based mining service offers. On the other hand, in the statement made, the company’s first in 9 months 229 It was reported that it generated millions of dollars in revenue.