B
BITMINE IMMERSION TECHNOLOGIES, INC.
BMNRCIK 0001829311NYSEEmerging GrowthFinance ServicesDelawareFY ends Aug 31
Period
FY 2025
Revenue
$6.09M
Net Income
$348.58M
Total Assets
$8.80B
Equity
$8.69B
Shares Out
537.63M
Op. Cash Flow
$-4.15M
Business
Bitmine Immersion Technologies, Inc. is a U.S.-based digital asset technology company that acquires, holds and actively manages ETH as its primary corporate treasury reserve while maintaining BTC exposure. It offers ETH treasury management and custody, staking and staking-adjacent activities, digital asset consulting and advisory, equipment sales and leasing, and hosting/mining-as-a-service. Its key business components include an ETH-anchored treasury strategy, BTC ecosystem services (including mining operations and equipment leasing), and advisory/asset-light hashrate procurement. The company distributes services through capital markets, institutional client relationships, third-party hosting partners, and digital channels.
Summary from filing dated 2025-11-21
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Total Revenue | 6 | 3 | — | — | — | |
| Total Cost of Sales | 6 | 3 | — | 556,699 | 0 | |
| General and administrative expenses | 14 | 2 | 293,989 | 227,597 | 63,815 | |
| Warrant expense | 349 | — | — | — | — | |
| Impairment of property and equipment | 2 | 120,000 | 122,950 | 0 | — | |
| Realized gain from the sale of digital assets | −4 | −114,000 | −21,682 | — | — | |
| Unrealized gain from digital assets holdings | −805 | — | — | — | — | |
| Total operating expenses | −444 | 2 | 3 | 2 | 131,815 | |
| Income (loss) from operations | 444 | −2 | −2 | −2 | −131,815 | |
| Interest expense | −245,000 | −269,000 | — | — | — | |
| Interest income | 1,000 | 55,000 | — | — | — | |
| Loss on the extinguishment of debt | −289,000 | −320,000 | — | — | — | |
| Loss on investment in joint venture | −1 | −311,000 | — | — | — | |
| Loss on the sale of equipment | −2 | — | — | — | — | |
| Pre-tax income (loss) | 441 | −3 | — | — | — | |
| Income taxes | 92 | — | — | — | — | |
| Net Income (loss) | 349 | −3 | −2 | −2 | −154,239 | |
| Deemed dividend on Series A Preferred Stock | −3 | — | — | — | — | |
| Allocation to participating preferred stock | −17 | — | — | — | — | |
| Net Income (loss) attributable to common stockholders | 328 | −3 | — | — | — | |
| Basic income (loss) per common share | 13.6 | −1.32 | −0.05 | −0.05 | −0.02 | |
| Diluted income (loss) per common share | 13.39 | −1.32 | −0.05 | −0.05 | −0.02 | |
| Basic | 24 | 2 | 49 | 43 | 10 | |
| Diluted | 25 | 2 | 49 | 43 | 10 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 512 | 499,000 | 270,547 | 392,550 | 218,737 | |
| Prepaid expenses | 498,000 | 673,000 | 105,000 | 5,000 | 0 | |
| Other receivables | 510,000 | 374,000 | — | — | — | |
| Total current assets | 513 | 2 | 879,460 | 888,945 | 218,737 | |
| Other receivables | — | 281,000 | — | — | — | |
| Digital assets | 8,282 | 15,000 | — | — | — | |
| Other assets | — | 668,000 | — | — | — | |
| Property and equipment, net | 516,000 | 5 | — | — | 427,296 | |
| Total assets | 8,795 | 7 | 8 | 8 | 646,033 | |
| Accrued liabilities | 9 | 716,000 | — | — | — | |
| Contract liabilities | 1 | 790,000 | 0 | — | — | |
| Loans payable | — | 2 | — | — | — | |
| Total current liabilities | 10 | 3 | 2 | 317,674 | 285,481 | |
| Deferred tax liability | 92 | — | — | — | — | |
| Contract liabilities | — | 65,000 | — | — | — | |
| Total liabilities | 102 | 3 | 2 | 569,995 | 285,481 | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock, $0.0001 par value, 500,000 shares authorized; 234,714 and 2,495 shares issued and outstanding as of August 31, 2025 and August 31, 2024, respectively | 23,000 | — | 4,967 | 4,861 | 4,043 | |
| Additional paid-in capital | 8,355 | 12 | 11 | 10 | 817,842 | |
| Retained earnings (deficit) | 337 | −8 | −5 | −2 | −461,334 | |
| Total stockholders equity | 8,693 | 4 | 6 | 7 | 360,551 | |
| Total liabilities and equity | 8,795 | 7 | 8 | 8 | 646,033 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Stock based compensation | 2 | 1 | 1 | 856,724 | 71,250 | |
| Warrant expense | 349 | — | — | — | — | |
| Depreciation expense | 761,000 | 924,000 | 470,705 | 3,125 | 0 | |
| Loss on the sale of property and equipment | 2 | 32,000 | 0 | — | — | |
| Amortization of note discount | 8,000 | — | — | — | — | |
| Loss on extinguishment of debt | 289,000 | — | — | — | — | |
| Gain on note settlement | — | −35,000 | — | — | — | |
| Realized gain on the sale of digital assets | −4 | — | — | — | — | |
| Digital assets | −3 | −225,000 | — | — | — | |
| Other receivables | — | 374,000 | — | — | — | |
| Prepaid expenses | 178,000 | −570,000 | −100,000 | −5,000 | 0 | |
| Accrued liabilities | 9 | 507,000 | — | — | — | |
| Deferred tax liability | 92 | — | — | — | — | |
| Contract liabilities | 213,000 | 704,000 | 0 | — | — | |
| Net cash provided by (used in) operating activities | −4 | −30,000 | −809,715 | −2 | −76,361 | |
| Purchase of digital assets | −7,433 | — | — | — | — | |
| Return of capital on joint venture | — | 8,000 | 0 | — | — | |
| Proceeds form sale of digital assets | 2 | — | — | — | — | |
| Purchase of property and equipment | −1 | −76,000 | −612,288 | −3 | −427,296 | |
| Net cash (used in) investing activities | −7,432 | −67,000 | −612,288 | −3 | −427,296 | |
| Proceeds from Series A preferred stock | 25,000 | — | — | — | — | |
| Proceeds from Series B preferred stock | 200,000 | — | — | — | — | |
| Proceeds from loan payable | 1 | — | — | — | — | |
| Repayment of loan payable | −957,000 | — | — | — | — | |
| Proceeds from private placements and prefunded warrants, net of issuance costs | 230 | — | — | — | — | |
| Proceeds from ATM, net of issuance costs | 7,718 | — | — | — | — | |
| Repayment of related party loan | −945,000 | — | — | — | — | |
| Proceeds from related party loan | 250,000 | 325,000 | 1 | 3 | 226,849 | |
| Net cash (used in) by financing activities | 7,948 | 325,000 | 1 | 5 | 720,464 | |
| Net increase in cash and cash equivalents | 512 | 229,000 | — | — | — | |
| Proceeds received from bitcoin loan | — | 578,000 | 0 | — | — | |
| Proceeds of bitcoin loan in BTC | — | 578,000 | — | — | — | |
| Repayment of loan with digital assets | 374,000 | — | — | — | — | |
| Purchase of equipment for loan payable | 1 | — | — | — | — | |
| Purchase of equipment with BTC | — | 340,000 | 0 | — | — | |
| Repossession of equipment to satisfy notes receivable | — | 531,000 | 0 | — | — | |
| Payment of an accrued liability to a related party with equipment | — | 49,000 | 0 | — | — | |
| Deemed dividend on Preferred A stock | 3 | — | — | — | — | |
| Issuance of common stock to reduce related party debt | 796,000 | — | — | — | — |
Filings
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