Bitmine Immersion Technologies BMNR
Bitmine Immersion Technologies fiscal 2025 annual report
Fiscal 2025 (ended Aug 31, 2025) · Filed Nov 21, 2025Original
An annual report (10-K, or 20-F for a foreign company) is the business report a US-listed company files with the SEC every year.
How much did Bitmine Immersion Technologies sell in fiscal 2025?
As stated in annual reports · fiscal 2021–2025
Fiscal 2025 revenue
$6.1M+84.1% vs prior year
Net income $348.6M · 5719.1% of revenue
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2021 | $0 | −$154.2K |
| 2022 | $427.7K | −$2M |
| 2023 | $645.3K | −$2.5M |
| 2024 | $3.3M | −$3.3M |
| 2025 | $6.1M | $348.6M |
Fiscal 2025 (ended Aug 31, 2025) · Filed Nov 21, 2025Whalegun
- Revenue
- $6.1M
- +84.1% vs prior year
- Operating income
- $444.2M
- 7288.1% of revenue
- Net income
- $348.6M
- 5719.1% of revenue
- Diluted EPS
- $13.39
- Operating cash flow
- −$4.1M
- Free cash flow
- −$5.2M
Key points the company states
Bitmine now focuses on holding ETH as its main treasury asset; holdings were about $8.28 billion
- The company describes itself as a digital asset technology company that acquires, holds and manages ETH as its primary treasury reserve asset.
- From 2021 through mid-2025 it built immersion-cooling sites and ran self-mining and hosting.
- From the third calendar quarter of 2025 it prioritized ETH treasury and advisory services while winding down self-mining.
Bitmine's fiscal 2025 revenue was $6.095 million; net income was $348.6 million
- Revenue was $6.095 million, up 84% from $3.310 million.
- Net income was $348.6 million, versus a net loss of $3.293 million a year earlier.
- An unrealized gain on digital asset holdings of $805.0 million is reported within operating expenses, which are negative in total.