Luxor vs Phoenix Group

How Luxor vs Phoenix Group compare on our ratings, mining company specs, funding, pros and cons.

Luxor4.2/5

Feature	Luxor Visit	Phoenix Group Visit
Ratings
Our score	4.2/5	4.0/5
User rating	No reviews yet	No reviews yet
Track record	4.5	4.5
Costs & fees	3.5	3.5
Transparency	4.5	4.5
Scale & reliability	4.5	4.5
Support	4.0	3.0
Specs
Type	Mining pool, Firmware & software	Public miner, Hosting
Coins	Not disclosed	BTC
Pool fee	2.5% (custom down to 0.7%, 0% with LuxOS)	Not disclosed
Payout schemes	FPPS, Fixed, Upfront	Not disclosed
Hashrate	>40 EH/s	15.9 EH/s
Stock ticker	Not disclosed	ADX: PHX
Locations	United States	United Arab Emirates, Ethiopia, United States, Oman, Canada, France
Energy sources	Not disclosed	Hydroelectric
Hardware models	Antminer S19, Antminer S19 Pro, Antminer Z15 Pro, Whatsminer M50S, Whatsminer M60	Not disclosed
Company
Founded	2017	2017
Headquarters	United States	United Arab Emirates
Investors	CMT Digital, Black Creek Digital, Hivemind Capital	Not disclosed
Strengths and weaknesses
Pros	SOC 1 and SOC 2 compliance verifies security and financial accounting controls Pool fees can be reduced to 0% when paired with LuxOS firmware Upfront payout schemes offer non-dilutive liquidity against future hashrate production Over 40 EH/s in hashrate provides consistent block discovery and payout regularity	Operates over 550 MW across six sovereign-aligned global markets Reported an efficient mining fleet performance of 18.81 J/TH in Q2 2026 Generated 15.9 EH/s in Q4 2025, representing 1.5% of global Bitcoin hashrate Regulated as a publicly traded company on the Abu Dhabi Securities Exchange
Cons	Standard unbundled FPPS pool fee of 2.5% is above market discount averages Grid management and retail power services are restricted to ERCOT and SPP regions Derivatives and fixed contracts involve counterparty credit exposure Upfront payout agreements require strict minimum uptime and delivery commitments	Revenue remains vulnerable to Bitcoin block reward halvings and difficulty increases Energy prices and supply stability depend on six distinct regulatory regimes No retail hosting or individual consumer mining plans
Best for	Commercial ASIC mining operations, Miners seeking hashprice hedging tools, Data centers managing ERCOT power costs	Institutional investors seeking ADX-listed equity, Enterprises needing AI and HPC colocation, Institutions tracking diversified Bitcoin hashrate

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