Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2024 Rev YoY: +761.9% EPS YoY: -2,348.6% Move: +4.79%

Bitmine Immersion

BMNR

$21.45 4.79%

Exchange AMEX Sector Financial Services Industry Financial Capital Markets

Q3 2024

Published: Jul 15, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for BMNR

Reported

Report Date

Jul 15, 2024

Quarter Q3 2024

Revenue

1.22M

YoY: +761.9%

EPS

-0.26

YoY: -2,348.6%

Market Move

+4.79%

Previous quarter: N/A

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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

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 10, 2026

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

Financial Highlights

1. Revenue: $1,224,992 (YoY: 761.91%, QoQ: 37.39%)
2. Gross Profit: $221,687 (YoY: 217.90%, QoQ: -31.50%)
3. Operating Income: -$534,537 (YoY: -3.76%, QoQ: 17.60%)
4. Net Income: -$654,228 (YoY: -24.92%, QoQ: 27.52%)
5. Cash & Cash Equivalents: $281,004
6. Total Liabilities: $3,553,370
7. Total Assets: $8,166,529
These metrics indicate that while BMNR has achieved significant revenue growth and relatively stable gross profit margins, the company is still grappling with high operational expenses, which primarily contributed to its continuing net losses.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	1.22M	761.91%	37.39%
Gross Profit	221.69K	217.90%	-31.50%
Operating Income	-534.54K	-3.76%	17.60%
Net Income	-654.23K	-24.92%	27.52%
EPS	-0.26	-2 348.60%	27.62%

Key Financial Ratios

Gross Profit Margin

Weak

18.10%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-0.44%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.53%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.08%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.14%

Return on equity suggests inefficient capital allocation

Current Ratio

Concern

0.72

Current ratio below safe levels, potential liquidity risk

Debt to Equity

Moderate

0.35

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Negative

-10.47x

Negative earnings make P/E ratio not meaningful

Price to Book

Premium

5.94x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
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

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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Q3 2024 Reports in Financial Services Sector

Related Financial Data

Sector Analysis: Financial Services

BMNR Full Profile

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Earnings Calendar