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 (OTCQX: $BMNRD $BMNR) launches Bitcoin Treasury Advisory Practice, securing a $4 million deal with its first client.
This single transaction will exceed 2024 revenue and set a major stage of growth.
Read Now: https://t.co/r89k3wxdzz pic.twitter.com/5vivlypzuy
-May 19, 2025
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 were supported by a greater increase in revenue, with GAAP revenue rising approximately 135% from $511,000 in the first quarter of 2024, compared to 1,606 the previous year due to an increase in mining capacity of 4,640 miners as of November 30, 2024. 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.
$bmnr reports a revenue increase of 135% for the first quarter of 2025, and reports three times the self-mining capacity with 3,000 new miners! CEO Jonathan Bates celebrates this team-driven approach to growth and creative funding.
Read the full release here: https://t.co/slnrzv8ocn pic.twitter.com/gb4tk1ufao-January 13, 2025
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.
This post, Bitmine, launched the Bitcoin Treasury Advisory Practice, secured a $4 million deal with First Client, which first appeared on Bitcoin Magazine, and is written by Oscar Zarraga Perez.
