Bitmine Immersion
BMNR
$34.16 -5.95%
Exchange: AMEX | Sector: Financial Services | Industry: Financial Capital Markets
Q4 2024
Published: Dec 9, 2024

Earnings Highlights

  • Revenue of $0.68M up 178.2% year-over-year
  • EPS of $1.00 increased by 4% from previous year
  • Gross margin of 16.4%
  • Net income of -813.87K
  • ""We are actively enhancing our operational strategies to minimize losses and maximize asset utility."" - CEO, Bitmine Immersion Technologies Inc
BMNR
Bitmine Immersion Technologies Inc

Executive Summary

In Q4 2024, Bitmine Immersion Technologies Inc (BMNR) reported significant operational challenges resulting in considerable net losses amounting to $813,871, reflective of an income before tax loss of $813,873, marking a deterioration compared to prior quarters. Revenue showed a strong year-on-year increase of 178.15% at $682,435, yet this was a staggering drop of 44.29% from the previous quarter's figures, highlighting volatility in the digital asset mining space, particularly Bitcoin.

Despite the revenue growth, BMNR faced steep operational and administrative expenses that have negatively impacted profitability, with a gross profit margin of only 16.36%. The company continues to grapple with financial stability as evidenced by its negative EBITDA of $516,576 and substantial cash outlays related to debt repayment, exacerbating its liquidity concerns. This report dissects the metrics behind these performances while considering the management's perspectives on navigating these turbulent waters.

Key Performance Indicators

Revenue
Increasing
682.44K
QoQ: -44.29% | YoY: 178.15%
Gross Profit
Increasing
111.64K
16.36% margin
QoQ: -49.64% | YoY: 2.55%
Operating Income
Increasing
-660.48K
QoQ: -23.56% | YoY: 41.34%
Net Income
Increasing
-813.87K
QoQ: -24.40% | YoY: 30.02%
EPS
Increasing
1.00
QoQ: 480.92% | YoY: 4 383.26%

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