BitMine Launches Bitcoin Treasury Advisory Practice, Secures $4M Deal With First Client

BitMine Launches Bitcoin Treasury Advisory Practice and Secures $4 Million Deal

Today, BitMine Immersion Technologies, Inc. (OTCQX: BMNRD) announced the launch of its Bitcoin Treasury Advisory Practice and a significant $4 million transaction with a U.S. exchange-listed company. This deal marks a major milestone for BitMine, as it surpasses its total revenue from the previous year in a single transaction, showcasing the company’s growth and potential in the Bitcoin mining industry.

Under the terms of the agreement, BitMine will provide “Mining as a Service” (MaaS) by leasing 3,000 Bitcoin ASIC miners to the client until December 30, 2025, in a $3.2 million lease deal, with an upfront payment of $1.6 million. Additionally, the client has entered into an $800,000 consulting agreement for one year to focus on Bitcoin Mining-as-a-Service and Bitcoin Treasury Strategy.

“With nearly 100 public companies now holding Bitcoin as part of their treasury, the demand for expert guidance and infrastructure in this space is growing rapidly,” said Jonathan Bates, CEO of BitMine. “This single transaction has surpassed our entire revenue for the previous fiscal year, highlighting the potential for acquiring more clients as interest in Bitcoin ownership continues to rise.”

BitMine’s first quarter 2025 results showed impressive revenue growth, with GAAP revenue increasing by approximately 135% to $1.2 million compared to $511,000 in Q1 2024. This growth was supported by an expanded mining capacity of 4,640 miners as of November 30, 2024, a significant increase from the previous year. Despite reporting a net loss of $3.9 million in Q1 2025, primarily due to a one-time, non-cash accounting adjustment related to preferred stock, the adjusted loss of approximately $975,000 was consistent with the prior year’s results.

BitMine’s new Bitcoin Treasury Advisory Practice and the $4 million deal exemplify a growing trend among public companies exploring Bitcoin not only as a treasury asset but also as a potential source of revenue. With the increasing adoption of Bitcoin treasury strategies, BitMine is well-positioned to capitalize on this emerging market and expand its client base in the near future.