At this time, BitMine Immersion Applied sciences, Inc. (OTCQX: BMNRD) introduced the launch of its Bitcoin Treasury Advisory Practice and a $4 million cope with a U.S. exchange-listed firm. The deal noticed Bitmine surpass its final yr’s whole income in that single transaction alone, in response to the announcement.
BitMine will present “Mining as a Service” (MaaS) by leasing 3,000 Bitcoin ASIC miners to the shopper by means of December 30, 2025, in a $3.2 million lease deal, with $1.6 million paid upfront. Moreover, the shopper has signed an $800,000 consulting settlement for one yr specializing in Bitcoin Mining-as-a-Service and Bitcoin Treasury Technique.
“Currently, there are almost 100 public companies that have adopted Bitcoin as a treasury holding. We expect this number to grow in the future. As more companies adopt Bitcoin treasury strategies, the need for infrastructure, revenue generation, and expert guidance grows along with it,” mentioned Jonathan Bates, CEO of BitMine. “This single transaction is greater than our entire 2024 fiscal year revenue, and we feel there is an opportunity to acquire more clients in the near future as interest in Bitcoin ownership grows.”
BitMine’s first quarter 2025 outcomes confirmed sturdy income development, with GAAP income rising roughly 135% to $1.2 million, up from $511,000 in Q1 2024, supported by an expanded mining capability of 4,640 miners as of November 30, 2024, in comparison with 1,606 the earlier yr. Regardless of this development, the corporate reported a web lack of $3.9 million in Q1 2025, primarily because of a one-time, non-cash accounting adjustment associated to most well-liked inventory; excluding this cost, the adjusted loss was roughly $975,000, in step with the prior yr’s outcomes.
BitMine’s new Bitcoin Treasury Advisory Practice, together with the $4 million deal, joins a pattern amongst public firms exploring Bitcoin not simply as a treasury asset but in addition as a income.
