earnings
confidence high
sentiment neutral
materiality 0.60
Bitmine Q1 revenue up 135% to $1.2M; net loss includes $2.96M deemed dividend
BITMINE IMMERSION TECHNOLOGIES, INC.
2025-Q1 EPS reported
-$0.08
revenue$1,200,830
- Revenue $1,200,830 vs $511,308 YoY (+135%); self-mining revenue $483,683.
- GAAP net loss attributable to common $3,935,386, includes $2,960,648 non-cash deemed dividend.
- Adjusted net loss $974,738; adjusted EPS ($0.02) vs ($0.02) YoY.
- Owned miners increased to 4,640 from 1,606 YoY; purchased 3,000 miners in Q1.
- Expects self-mining revenue to triple once ~2,600 newly installed miners are fully operational.