Form 8-K · Current Report · Filed 2025-01-13
BitMine Reports Significant Revenue Growth and Miner Deployment in Q1 2025
BitMine Immersion Technologies, Inc. reported a 135% increase in Q1 2025 revenue to $1,200,830 from $511,308 in Q1 2024, driven by higher self-mining revenue. The company deployed additional miners, increasing its total miner count to 4,640 by November 30, 2024. Despite the growth, BitMine reported a net loss attributable to common shareholders of $3,935,386 for Q1 2025, partly due to a one-time non-cash deemed dividend on Series A Preferred Stock. Non-GAAP financial measures adjusted for the deemed dividend showed a net loss of $974,738 and a loss per share of $0.02 for Q1 2025.
- Filer
- BMNR BMNR
- Filed
- Accession
- 0001683168-25-000291
- CIK
- 0001829311
- Signal
- Medium impact
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$5.97
Next session
+3.1%
Since filing
+189.6%
Latest close
$17.28
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Precedent
Previous filings from BMNR reporting the same item, with the next session's move:
Exhibits (1)
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