Munaf Ali is a visionary entrepreneur and digital infrastructure pioneer who has spent over two decades building and scaling technology ventures across traditional finance, fintech, and blockchain. After a successful career as an investment banker and real estate developer, Munaf turned his attention to the emerging world of digital assets. In 2017, he founded Phoenix Group with a bold mission: to build scalable, institutional-grade infrastructure at the intersection of Bitcoin mining and AI compute. Under Munaf’s leadership, Phoenix has grown from a UAE-based startup into one of the world’s top 10 Bitcoin miners and the region’s first crypto infrastructure company to list on the Abu Dhabi Securities Exchange (ADX). Today, the Group operates over 500MW of energized capacity across sites in the UAE, US, Canada, and Africa, with a diversified business spanning mining, AI and high-performance computing (HPC), digital asset treasury, and investments. Notable achievements include: Spearheading the development of one of the largest Bitcoin mining facilities in the Middle East Expanding into AI and HPC infrastructure, positioning Phoenix for the compute economy of the future Leading the company through a historic public listing on ADX, solidifying its institutional credibility Establishing Phoenix as a vertically integrated powerhouse with global strategic partnerships
