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BitMine Launches Bitcoin Treasury Advisory Practice, Secures $4M Deal with First Client
Today, BitMine Immersion Technologies, Inc. (OTCQX: BMNRD) revealed the launch of its Bitcoin Treasury Advisory Practice and a $4 million deal with a U.S. exchange-listed business. The deal saw Bitmine exceed its in 2015’s overall profits because single deal alone, according to the statement.
BitMine ( OTCQX: $BMNRD $BMNR) launches Bitcoin Treasury Advisory Practice and secures $4M deal with first client.
This single deal surpasses our 2024 profits and sets the phase for significant development.
Read now: https://t.co/R89K3WXdZZ pic.twitter.com/5vIvlYPZUY
— Bitmine Immersion Technologies, Inc. (@BitMNR) May 19, 2025
BitMine will supply “Mining as a Service” (MaaS) by renting 3,000 Bitcoin ASIC miners to the client through December 30, 2025, in a $3.2 million lease deal, with $1.6 million paid in advance. Additionally, the client has actually signed an $800,000 consulting contract for one year concentrating on Bitcoin Mining-as-a-Service and Bitcoin Treasury Strategy.
“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,” stated Jonathan Bates, CEO of BitMine. “This single deal is higher than our whole 2024 profits, and we feel there is a chance to obtain more customers in the future as interest in Bitcoin ownership grows.”
BitMine’s first quarter 2025 outcomes revealed strong profits development, with GAAP profits increasing around 135% to $1.2 million, up from $511,000 in Q1 2024, supported by a broadened mining capability of 4,640 miners since November 30, 2024, compared to 1,606 the previous year. Despite this development, the business reported a bottom line of $3.9 million in Q1 2025, mostly due to a one-time, non-cash accounting modification associated to favored stock; omitting this charge, the adjusted loss was around $975,000, constant with the previous year’s outcomes.
$BMNR reports a 135% profits boost YOY for Q1 2025 and tripled self-mining capability with 3,000 brand-new miners! CEO Jonathan Bates credits a team-driven method and innovative funding for this development.
Read the complete release here: https://t.co/slNrZv8Ocn pic.twitter.com/Gb4tk1UfAO— Bitmine Immersion Technologies, Inc. (@BitMNR) January 13, 2025
BitMine’s brand-new Bitcoin Treasury Advisory Practice, along with the $4 million deal, signs up with a pattern amongst public business checking out Bitcoin not simply as a treasury property however also as a source of profits.
This post BitMine Launches Bitcoin Treasury Advisory Practice, Secures $4M Deal with First Client first appeared on Bitcoin Magazine and is composed by Oscar Zarraga Perez.
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