Overview
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- TickerBMNR on NYSE1
- IndustryFinance Services1
- HeadquartersLas Vegas1
- Websitewww.bitminetech.io
- Incorporated inDE5
- Business address800 Connecticut Avenue, Norwalk, Ct 068545
- Filer category, Emerging growth company5
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
7288.1%Operating margin4
5719.1%Net margin4
84.1%Revenue growth, 20254
4.0%Return on equity4
-$5.2MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Self Mining brought in 51% of the revenue BitMine Immersion broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Self Mining | $3.0M | $3.1M |
| Leasing | $1.9M | |
| Sale of Mining Equipment | $231.0K | $846.0K |
| Consulting | $235.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue1¢$5.8M
- Income tax21¢$92.3M
- Profit78¢$348.6M
Out of $6.1M in revenue.4
Financial statements
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Total Revenue | $6.1M | $3.3M |
| Total Cost of Sales | $5.8M | $3.5M |
| General and administrative expenses | $14.0M | $2.3M |
| Warrant expense | $349.0M | |
| Impairment of property and equipment | $1.9M | $120.0K |
| Realized gain from the sale of digital assets | -$3.7M | -$114.0K |
| Unrealized gain from digital assets holdings | -$805.0M | |
| Total operating expenses | -$443.9M | $2.3M |
| Income (loss) from operations | $444.2M | -$2.4M |
| Interest expense | -$245.0K | -$269.0K |
| Interest income | $1.0K | $55.0K |
| Loss on the extinguishment of debt | -$289.0K | -$320.0K |
| Loss on investment in joint venture | -$1.3M | -$311.0K |
| Loss on the sale of equipment | -$1.5M | |
| Pre-tax income (loss) | $440.9M | -$3.3M |
| Income taxes | $92.3M | |
| Net Income (loss) | $348.6M | -$3.3M |
| Deemed dividend on Series A Preferred Stock | -$3.0M | |
| Allocation to participating preferred stock | -$17.5M | |
| Net Income (loss) attributable to common stockholders | $328.2M | -$3.3M |
| Basic income (loss) per common share | $13.60 | -$1.32 |
| Diluted income (loss) per common share | $13.39 | -$1.32 |
| Basic | 24.1M shares | 2.5M shares |
| Diluted | 24.5M shares | 2.5M shares |
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2025-08-31 | 2025-06-30 | 2024-08-31 |
|---|---|---|---|
| Cash and cash equivalents | $512.0M | $499.0K | |
| Prepaid expenses | $498.0K | $673.0K | |
| Other receivables | $510.0K | $374.0K | |
| Total current assets | $513.0M | $1.5M | |
| Other receivables | $281.0K | ||
| Digital assets | $8.3B | $15.0K | |
| Other assets | $668.0K | ||
| Property and equipment, net | $516.0K | $4.8M | |
| Total assets | $8.8B | $7.3M | |
| Accrued liabilities | $8.9M | $716.0K | |
| Contract liabilities | $1.1M | $790.0K | |
| Loans payable | $1.6M | ||
| Total current liabilities | $10.0M | $3.1M | |
| Deferred tax liability | $92.3M | ||
| Contract liabilities | $65.0K | ||
| Total liabilities | $102.3M | $3.2M | |
| 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 | $23.0K | ||
| Additional paid-in capital | $8.4B | $12.3M | |
| Retained earnings (deficit) | $337.4M | -$8.2M | |
| Total stockholders equity | $8.7B | $4.1M | |
| Total liabilities and equity | $8.8B | $7.3M | |
| Common stock, par value | $0.00 | $0.00 | $0.00 |
| Common stock, shares authorized | 500.0K shares | 500.0K shares | |
| Common stock, shares issued | 234.7K shares | 36.3M shares | 2.5K shares |
| Common stock, shares outstanding | 234.7K shares | 2.5K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Net Income (loss) | $348.6M | -$3.3M |
| Stock based compensation | $2.4M | $1.1M |
| Warrant expense | $349.0M | |
| Depreciation expense | $761.0K | $924.0K |
| Loss on the sale of property and equipment | $1.5M | $32.0K |
| Loss on investment in joint venture | $1.3M | $311.0K |
| Impairment of property and equipment | $1.9M | $120.0K |
| Amortization of note discount | $8.0K | |
| Loss on extinguishment of debt | $289.0K | |
| Gain on note settlement | -$35.0K | |
| Realized gain on the sale of digital assets | -$3.7M | |
| Unrealized gain on digital assets held | -$805.0M | |
| Digital assets | -$2.5M | -$225.0K |
| Other receivables | $374.0K | |
| Prepaid expenses | $178.0K | -$570.0K |
| Accrued liabilities | $8.7M | $507.0K |
| Deferred tax liability | $92.3M | |
| Contract liabilities | $213.0K | $704.0K |
| Net cash provided by (used in) operating activities | -$4.1M | -$30.0K |
| Purchase of digital assets | -$7.4B | |
| Return of capital on joint venture | $8.0K | |
| Proceeds form sale of digital assets | $2.2M | |
| Purchase of property and equipment | -$1.1M | -$76.0K |
| Net cash (used in) investing activities | -$7.4B | -$67.0K |
| Proceeds from Series A preferred stock | $25.0K | |
| Proceeds from Series B preferred stock | $200.0K | |
| Proceeds from loan payable | $1.0M | |
| Repayment of loan payable | -$957.0K | |
| Proceeds from private placements and prefunded warrants, net of issuance costs | $230.3M | |
| Proceeds from ATM, net of issuance costs | $7.7B | |
| Repayment of related party loan | -$945.0K | |
| Proceeds from related party loan | $250.0K | $325.0K |
| Net cash (used in) by financing activities | $7.9B | $325.0K |
| Net increase in cash and cash equivalents | $511.5M | $229.0K |
| Proceeds received from bitcoin loan | $578.0K | |
| Proceeds of bitcoin loan in BTC | $578.0K | |
| Repayment of loan with digital assets | $374.0K | |
| Purchase of equipment for loan payable | $1.0M | |
| Purchase of equipment with BTC | $340.0K | |
| Repossession of equipment to satisfy notes receivable | $531.0K | |
| Payment of an accrued liability to a related party with equipment | $49.0K | |
| Deemed dividend on Preferred A stock | $3.0M | |
| Issuance of common stock to reduce related party debt | $796.0K |
Former names
- Sandy Springs Holdings, Inc.Oct 27, 2020 to Jul 27, 20215
Timeline
- Jun 2025Went public Listed on NYSE1
Recent filings
- Oct 13, 20268-K
- Oct 7, 20268-K
- Oct 5, 20268-K
- Sep 30, 20268-K
- Sep 28, 20268-K
- Sep 21, 20268-K
- Sep 14, 20268-K
- Sep 8, 20268-K
- Aug 31, 20268-K
- Aug 24, 20268-K
- Aug 17, 20268-K
- Aug 14, 20268-K
- Aug 10, 20268-K
- Aug 3, 20268-K
- Jul 27, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.bitminetech.io1
- X (Twitter)x.com/BitMNR1
- LinkedInwww.linkedin.com/company/bitmineimmersiontech1
- WikidataQ137983503
- SEC EDGARCIK 1829311
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataBitMine Immersion on Wikidata
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- 3Company websiteBitMine Immersion logo
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