# Bitmine Immersion Technologies, Inc. (BMNR)

**Exchange:** NYSE  
**Sector:** Financial Services  
**Market cap:** $383M  
**Price:** $15.64 (-3.46%)

> Bitmine Immersion Technologies, Inc. is a blockchain technology company based in Las Vegas, Nevada. The company focuses on acquiring, holding, and actively managing ether (ETH) as its primary treasury reserve asset, positioning itself as a large-scale participant in the digital asset ecosystem. Bitmine Immersion Technologies provides digital asset ecosystem services, including consulting and advisory engagements for clients involved in bitcoin and broader blockchain activities, as well as equipment leasing and related services. It is involved in BTC ecosystem services such as facilitating and optimizing third-party power and hosting arrangements, and it emphasizes disciplined BTC and digital asset treasury management. In addition, the company sells mining equipment to customers and related parties, supporting infrastructure for digital asset mining operations. Operating primarily in the United States, Bitmine Immersion Technologies plays a role at the intersection of blockchain infrastructure, digital asset treasury management, and advisory services for institutional and commercial participants in the crypto economy.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $6M | $310,000 | $444M | $349M | — |
| 2024 | $3M | $761,027 | -$2M | -$3M | — |
| 2023 | $645,278 | $222,469 | -$2M | -$2M | — |
| 2022 | $427,669 | -$129,030 | -$2M | -$2M | — |
| 2021 | — | — | -$131,815 | -$154,239 | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $8.80B | $102M | $8.69B | $512M | — |
| 2024 | $7M | $3M | $4M | $499,000 | — |
| 2023 | $8M | $2M | $6M | $270,547 | — |
| 2022 | $8M | $569,995 | $7M | $392,550 | — |
| 2021 | $646,033 | $285,481 | $360,551 | $218,737 | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$4M | $1M | -$5M |
| 2024 | -$30,000 | $76,000 | -$106,000 |
| 2023 | -$809,715 | $612,288 | -$1M |
| 2022 | -$2M | $3M | -$4M |
| 2021 | -$76,361 | $427,296 | -$503,657 |

Source: [CompaniesByCap](https://companiesbycap.com/company/BMNR)