today, BitMine immerson technologies, Inc. (OTCQX: BMNRD) Declare Launching the consulting practice of the Ministry of Treasury in Bitcoin and a $ 4 million deal with a company listed on the stock exchange. The deal witnessed that a point exceeded its total revenues last year in that individual deal alone, according to the announcement.
BitMine will provide “mining as a service” by renting 3000 Bitco ASIC miners for the customer until December 30, 2025, in a rental deal worth $ 3.2 million, with $ 1.6 million paid in advance. In addition, the customer signed a $ 800,000 consulting agreement for one year with a focus on bitcoin mining strategy as a service and bitcoin.
“At the present time, there are approximately 100 public companies that have adopted Bitcoin as a treasury. We expect this number to grow in the future. With the increase in the number of companies from the Treasury Ministry strategies in Bitcoin, the need for infrastructure, generation of revenues and directing experts with it increases,” Jonathan Bates, CEO of the Home Company. “This individual deal is greater than the entire fiscal year revenues for the year 2024, and we feel that there is an opportunity to gain more customers in the near future with an increase in interest in Bitcoin ownership.”
The taste. First quarter 2025 The results showed a strong growth in revenue, as GAAP revenues increased by 135 % to $ 1.2 million, up from $ 511,000 in the first quarter of 2024, with support from the expanded mining capacity of 4,640 miners from November 30, 2024, compared to 1,606 in the previous year. Despite this growth, the company has told a net loss of $ 3.9 million in the first quarter of 2025, due primarily to one time accounting for one time regarding favorite stocks; With the exception of these fees, the modified loss was about 975,000 dollars, in line with the results of the previous year.
The advisory practice of the new BitMine Ministry of BitMine, along with the $ 4 million deal, joins a direction between public companies that explore Bitcoin not only as the origin of the Treasury Department but also as a source of revenue.
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