Bitmine Immersion Technologies, Inc. (BMNR)BMNRBitmine Immersion Technologies, Inc.

Income Statement

Revenue, expenses, and profitability analysis

Quarterly Income Statement (USD)

Quarterly Report	TTM	02/28/2026	11/30/2025	08/31/2025	05/31/2025	02/28/2025	11/30/2024	08/31/2024	05/31/2024
Revenue	16.711M	11.041M	2.293M	1.325M	2.052M	1.517M	1.201M	682K	1.225M
Cost of Goods Sold	5.942M	1.426M	1.024M	1.931M	1.561M	1.213M	1.081M	571K	1.003M
Gross Profit	10.769M	9.615M	1.269M	-606K	491K	305K	120K	112K	222K
Gross Profit Margin	87.1%	87.1%	55.3%	-45.7%	23.9%	20.1%	10.0%	16.4%	18.1%
Total Operating Expenses	3.628B	3.850B	223.436M	-447.082M	959K	1.218M	1.004M	772K	756K
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	311.635M	74.988M	223.436M	12.702M	509K	588K	186K	168K	217K
Operating Income (EBIT)	-3.617B	-3.841B	-222.167M	446.477M	-468K	-914K	-884K	-660K	-535K
Operating Margin	-34784.7%	-34784.7%	-9688.9%	33699.1%	-22.8%	-60.2%	-73.6%	-96.8%	-43.6%
Income Before Tax (EBT)	-8.669B	-3.818B	-5.296B	446.587M	-623K	-1.157M	-3.935M	-814K	-654K
Interest Income	282.00	—	—	282.00	—	—	718.00	10K	15K
Interest Expense	5.133M	4.817M	200K	44K	72K	60K	68K	58K	57K
Other Income/Expense	-5.052B	22.169M	-5.074B	110K	-155K	-243K	-3.051M	-153K	-120K
Net Income	-8.672B	-3.818B	-5.204B	351.331M	-623K	-1.157M	-975K	-814K	-654K
Income Tax Expense	2.961M	0.00	-92.295M	95.256M	0.00	0.00	-2.961M	0.00	0.00
Net Profit Margin	-34583.9%	-34583.9%	-226955.7%	26517.7%	-30.4%	-76.2%	-81.2%	-119.3%	-53.4%
EBITDA	-3.616B	-3.840B	-222.043M	446.699M	-287K	-686K	-753K	-421K	-308K
EBITDA Margin	-34783.6%	-34783.6%	-9683.5%	33715.8%	-14.0%	-45.2%	-62.7%	-61.8%	-25.1%
Depreciation & Amortization	651K	124K	124K	222K	181K	228K	131K	239K	227K
EPS Basic	-22.76	-8.40	-15.98	1.62	-0.00	-0.01	-0.02	-0.00	-0.00
EPS Diluted	-22.78	-8.40	-15.98	1.60	-0.00	-0.01	-0.02	-0.00	-0.00
Shares Outstanding	454.621M	454.621M	325.666M	205.960M	200.620M	198.338M	237.110M	249.500M	249.184M
Diluted Shares Outstanding	454.621M	454.621M	325.666M	208.655M	200.620M	198.338M	237.110M	249.500M	249.184M

Annual Income Statement (USD)

Annual Report	08/31/2025	08/31/2024	08/31/2023	08/31/2022	08/31/2021	08/31/2020	12/31/2013	12/31/2012
Revenue	6.095M	3.310M	645K	428K	0.00	0.00	87K	573K
Cost of Goods Sold	5.785M	2.549M	423K	557K	0.00	0.00	73K	403K
Gross Profit	310K	761K	222K	-129K	0.00	0.00	14K	171K
Gross Profit Margin	5.1%	23.0%	34.5%	-30.2%	—	—	16.2%	29.8%
Total Operating Expenses	-443.901M	3.209M	2.635M	1.585M	132K	0.00	41K	161K
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	13.984M	1.232M	2.060M	1.574M	132K	0.00	41K	161K
Operating Income (EBIT)	444.211M	-2.447M	-2.413M	-1.714M	-132K	0.00	-27K	9K
Operating Margin	7288.1%	-73.9%	-373.9%	-400.8%	—	—	-30.5%	1.6%
Income Before Tax (EBT)	440.872M	-3.293M	-2.465M	-2.005M	-154K	-9K	-29K	386.00
Interest Income	1K	55K	29K	—	—	—	—	—
Interest Expense	245K	269K	97K	291K	22K	—	3K	9K
Other Income/Expense	-3.339M	-845K	-52K	-291K	-22K	-9K	-3K	-9K
Net Income	348.577M	-3.293M	-2.465M	-2.005M	-154K	-9K	-29K	386.00
Income Tax Expense	92.295M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	5719.1%	-99.5%	-382.0%	-468.9%	—	—	-33.5%	0.1%
EBITDA	444.972M	-1.524M	-1.942M	-1.711M	0.00	0.00	-17K	10K
EBITDA Margin	7300.6%	-46.0%	-301.0%	-400.1%	—	—	-20.0%	1.8%
Depreciation & Amortization	761K	924K	471K	3K	132K	0.00	9K	767.00
EPS Basic	1.36	-0.01	-0.01	-0.01	-0.00	0.00	-0.01	0.00
EPS Diluted	1.34	-0.01	-0.01	-0.01	-0.00	0.00	-0.01	0.00
Shares Outstanding	241.377M	249.393M	245.280M	215.538M	48.791M	2.688M	4.255M	4.255M
Diluted Shares Outstanding	245.152M	249.393M	245.280M	215.538M	48.791M	2.688M	4.255M	4.255M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Bitmine Immersion Technologies, Inc.

Bitmine Immersion Technologies, Inc. is a blockchain technology company primarily operating in the United States. The company's activities include managing an Ethereum (ETH) treasury, and offering a range of services for the Bitcoin (BTC) ecosystem, such as consulting, advisory, and equipment leasing. It also assists in optimizing and securing third-party power and hosting solutions for its clients. A key part of its strategy involves disciplined Bitcoin (BTC) treasury management, alongside systematically reducing its proprietary self-mining operations and postponing the development of new operational sites. Beyond BTC, Bitmine provides broader digital asset ecosystem services, encompassing consulting, advisory, and diligent digital asset treasury management. Furthermore, the company sells mining hardware to its clients and affiliated entities. Established in 2019, Bitmine Immersion Technologies, Inc. is based in Las Vegas, Nevada, and was formerly known as Sandy Springs Holdings Inc.

Las Vegas, NV

3 employees

bitminetech.io

Financial Services / Financial - Capital Markets

Sector: Financial Services
Industry: Financial - Capital Markets
CEO: Chi Tsang

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