Today, Bitmine Immersion Technologies, Inc. (Otcqx: Bmnrd) has announced the launch of his advisory practice of the Bitcoin Treasury and a 4 million dollar agreement with an US exchange company. The agreement saw Bitmine overcome the total revenues of last year only in that single transaction, according to the announcement.
Bitmine will provide “mining as a service” (Maas) for rent to the customer 3,000 Bitcoin ASIC miners until 30 December 2025, in a 3.2 million dollar leasing agreement, with $ 1.6 million paid in advance. In addition, the customer signed a consultancy agreement from $ 800,000 for one year focused on the mining-as-a-service strategy and the Bitcoin Treasury.
“Currently, there are almost 100 public companies that have adopted Bitcoin as detention of the treasure. We expect this number to grow in the future. As more companies adopt the strategies of the Bitcoin treasure, the need for infrastructure, generation of revenue and expert orientation grows together with it,” said Jonathan Bates, bitmine CEO. “This single transaction is greater than all our entire entrances for the tax year of 2024 and we believe that there is the opportunity to acquire more customers in the near future while the interest in the property of Bitcoin grows.”
The results of Bitmine’s first quarter 2025 showed a strong growth in revenues, with gaap revenues that increase by about 135% to $ 1.2 million, compared to $ 511,000 in the first quarter of 2024, supported by an expanded mining capacity of 4,640 miners to 30 November 2024, compared to 1,606 of the previous year. Despite this growth, the company recorded a net loss of $ 3.9 million in the first quarter of 2025, mainly due to a one -off non -monetary accounting adjustment relating to privileged actions; Excluding this charge, the rectified loss was approximately $ 975,000, in line with the results of the previous year.
The new advisory practice of the Bitcoin Bitmine Treasury, together with the 4 million dollar agreement, joins a trend between public companies that explore Bitcoin not only as a treasure resource but also as a source of revenue.