Bitmine Immersion
BMNR
$34.16 -5.95%
Exchange: AMEX | Sector: Financial Services | Industry: Financial Capital Markets
Q3 2024
Published: Jul 15, 2024

Earnings Highlights

  • Revenue of $1.22M up 761.9% year-over-year
  • EPS of $-0.26 decreased by 2% from previous year
  • Gross margin of 18.1%
  • Net income of -654.23K
  • ""Our revenue growth is a testament to our strategic focus on enhancing our hosting capabilities. We're seeing increased demand from our clients as the cryptocurrency market evolves."" - Management Team
BMNR
Bitmine Immersion Technologies Inc

Executive Summary

Bitmine Immersion Technologies Inc (BMNR), operating in the financial capital markets sector, reported a substantial revenue increase of 761.91% year-over-year, amounting to $1,224,992 in Q3 2024. Nonetheless, the company faced operational hurdles, resulting in a net loss of $654,228. Management emphasized their commitment to optimizing operations, especially in light of the competitive landscape and economic conditions affecting the cryptocurrency sector. Nevertheless, the company remains focused on leveraging its hosting and data center services to drive future growth. Investors should closely monitor BMNR's strategic initiatives moving forward, particularly as they navigate market volatility.

Key Performance Indicators

Revenue
Increasing
1.22M
QoQ: 37.39% | YoY: 761.91%
Gross Profit
Increasing
221.69K
18.10% margin
QoQ: -31.50% | YoY: 217.90%
Operating Income
Decreasing
-534.54K
QoQ: 17.60% | YoY: -3.76%
Net Income
Decreasing
-654.23K
QoQ: 27.52% | YoY: -24.92%
EPS
Decreasing
-0.26
QoQ: 27.62% | YoY: -2 348.60%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 2.05 -0.31 +67.5% View
Q2 2025 1.52 -0.03 +70.2% View
Q1 2025 1.20 -0.08 +134.9% View
Q4 2024 0.68 1.00 +178.2% View
Q3 2024 1.22 -0.26 +761.9% View