Today, Bitmine Immersion Technologies, Inc. (OTCQX: BMNRD) has announced a $4 million deal with US exchange-listed companies launched its Bitcoin financial advisory practice. The deal, according to the announcement, surpassed its total revenue last year with just that single transaction.
Bitmine will provide “mining as a service” (MAAS) by leasing 3,000 Bitcoin ASIC miners to clients in a $3.2 million lease transaction by December 30, 2025. Additionally, the client signed a one-year, $800,000 consulting agreement focusing on services as Bitcoin mining and Bitcoin financial strategy.
“There are currently nearly 100 public companies employing Bitcoin as a Treasury holding. We expect this number to grow in the future. As we adopt Bitcoin’s financial strategy, the need for infrastructure, revenue generation and expert guidance will increase.” “This single transaction is greater than overall revenue for the 2024 fiscal year, and we feel that we have the opportunity to attract more clients in the near future as Bitcoin ownership increases.”
Bitmine’s first quarter results for the 2025 show strong revenue growth, with GAAP revenue rising approximately 135% from $511,000 in the first quarter of 2024, supporting its expansion in mining capacity of 4,640 miners as of November 30, 2024 compared to 1,606 the previous year. Despite this growth, the company reported a net loss of $3.9 million in the first quarter of 2025. This is primarily due to one-time non-cash accounting adjustments related to preferred stocks. Excluding this fee, the adjusted loss was around $975,000, consistent with previous year’s results.
Bitmine’s new Bitcoin Treasury Advisory practice, along with a $4 million transaction, will join the trend of public companies exploring Bitcoin not only as a financial asset but also as a revenue stream.
