Bitmine guides Q2 self-mining revenue of ~$925K-$950K, nearly tripling prior record

BITMINE IMMERSION TECHNOLOGIES, INC.

Expects record quarterly self-mining revenue of approx. $925K-$950K for quarter ending Feb 29, 2024.
Almost triple the previous record self-mining revenue achieved in Q1 fiscal 2024.
All three sites operational, contributing to increased production and higher Bitcoin prices.
CEO Jonathan Bates cites progress and plans for further expansion at existing and new sites.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

BITMINE IMMERSION TECHNOLOGIES, INC. updated its quarter ending February 29, 2024 guidance (reaffirmed).

Period: quarter ending February 29, 2024
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

On February 28, 2024, Bitmine Immersion Technologies, Inc. (the “Company”) issued a press release providing guidance on its estimated revenues from self-mining for the quarter ending February 29, 2024.

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Source: SEC EDGAR

accession 0001683168-24-001223

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