Financial Snapshot

Revenue
$2.628M
TTM
Gross Margin
24.92%
TTM
Net Earnings
-$2.487M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
49.94%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$4.088M
Q3 2024
Cash
Q3 2024
P/E
-7.225
Nov 29, 2024 EST
Free Cash Flow
-$261.7K
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2012 2011 2010 2008
Revenue $3.310M $645.3K $427.7K $0.00 $0.00 $573.5K $1.480K $3.380K $21.00K
YoY Change 413.01% 50.88% 38646.62% -56.21%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2012 2011 2010 2008
Revenue $3.310M $645.3K $427.7K $0.00 $0.00 $573.5K $1.480K $3.380K $21.00K
Cost Of Revenue $422.8K $556.7K $0.00 $402.0K $7.110K
Gross Profit $761.0K $222.5K -$129.0K $0.00 $171.5K -$5.630K
Gross Profit Margin 22.99% 34.48% -30.17% 29.9% -380.41%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2012 2011 2010 2008
Selling, General & Admin $2.060M $1.574M $131.8K $0.00 $161.4K $216.4K $230.00 $82.00K
YoY Change 30.91% 1093.76% -25.43% 93991.3%
% of Gross Profit 925.96% 94.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $923.5K $470.7K $3.125K $0.00 $770.00 $0.00 $0.00 $0.00
YoY Change 96.2% 14962.56%
% of Gross Profit 121.36% 211.58% 0.45%
Operating Expenses $3.209M $2.635M $1.585M $131.8K $0.00 $162.1K $216.4K $230.00 $82.00K
YoY Change 21.74% 66.26% 1102.51% -25.08% 93991.3%
Operating Profit -$2.447M -$2.413M -$1.714M -$131.8K $9.310K -$222.0K
YoY Change 1.43% 40.77% 1200.45% -104.19%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2012 2011 2010 2008
Interest Expense -$68.74K -$291.1K -$22.42K -$1.560K -$8.920K $30.00
YoY Change -76.38% 1198.17% 1337.18% -29833.33%
% of Operating Profit -95.81%
Other Income/Expense, Net -$845.0K -$51.80K -$291.0K -$22.42K $0.00
YoY Change 1531.28% -82.2% 1197.93%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2012 2011 2010 2008
Pretax Income -$2.465M -$2.005M -$154.2K -$1.560K $390.00 -$222.0K $3.150K -$61.00K
YoY Change 22.92% 1200.07% 9787.18% -100.18% -7147.62%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings -$3.293M -$2.465M -$2.005M -$154.2K -$1.560K $390.00 -$222.0K $3.150K -$61.00K
YoY Change 33.58% 22.92% 1200.07% 9787.18% -100.18% -7147.62%
Net Earnings / Revenue -99.46% -381.98% -468.88% 0.07% -15000.0% 93.2% -290.48%
Basic Earnings Per Share -$0.07 -$0.05 -$0.05 -$0.02
Diluted Earnings Per Share -$0.07 -$0.05 -$0.05 -$15.81K -$649.70 $458.30 -$245.3K $307.3K -$3.144M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2012 2011 2010 2008
Cash & Short-Term Investments $270.6K $392.6K $218.7K $1.930K $16.09K -$5.680K $2.630K $3.000K
YoY Change -31.08% 79.46% 11233.68% -383.27% -315.97%
Cash & Equivalents $270.6K $392.6K $218.7K $1.930K $16.09K -$5.680K
Short-Term Investments
Other Short-Term Assets $105.0K $5.000K $13.96K $137.9K $37.25K
YoY Change 2000.0% -89.87% 270.09%
Inventory
Prepaid Expenses
Receivables $0.00 $491.4K $0.00 $0.00 $2.980K $6.000K
Other Receivables $374.4K $0.00 $0.00 $0.00 $0.00 $750.0K
Total Short-Term Assets $750.0K $889.0K $218.7K $1.930K $30.05K $132.2K $42.86K $759.0K
YoY Change -15.63% 306.4% 11233.68% -77.27% 208.4%
Property, Plant & Equipment $495.7K $21.88K $0.00 $0.00
YoY Change 2165.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $987.4K
YoY Change
Other Assets $4.583M $6.531M $427.3K $199.2K $175.0K $0.00
YoY Change -29.83% 1428.44% 13.85%
Total Long-Term Assets $7.453M $7.085M $427.3K $0.00 $199.2K $175.0K $0.00 $0.00
YoY Change 5.19% 1558.18% 13.85%
Total Assets $8.203M $7.974M $646.0K $1.930K $229.3K $307.2K $42.86K $759.0K
YoY Change
Accounts Payable $74.90K $84.76K $3.680K $0.00 $0.00 $330.7K $264.0K
YoY Change -11.63% 2203.26% -100.0%
Accrued Expenses $97.46K $0.00 $4.510K $1.560K $1.620K $0.00
YoY Change -100.0% 189.1%
Deferred Revenue
YoY Change
Short-Term Debt $1.300M $0.00 $277.3K $50.45K $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% 449.65%
Long-Term Debt Due $492.1K $49.01K
YoY Change 904.02%
Total Short-Term Liabilities $1.559M $317.7K $285.5K $52.01K $493.7K $49.01K $334.4K $264.0K
YoY Change 390.62% 11.28% 448.89% 907.33% -85.34%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $40.00K $468.3K $0.00 $0.00
YoY Change -91.46%
Other Long-Term Liabilities $386.9K $252.3K $0.00
YoY Change 53.33%
Total Long-Term Liabilities $386.9K $252.3K $0.00 $0.00 $40.00K $468.3K $0.00 $0.00
YoY Change 53.33% -91.46%
Total Liabilities $1.945M $570.0K $285.5K $52.01K $533.7K $517.3K $334.4K $264.0K
YoY Change 241.31% 99.66% 448.89% 3.16% 54.69%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2012 2011 2010 2008
Basic Shares Outstanding 49.88M shares 49.06M shares 43.11M shares 9.758M shares
Diluted Shares Outstanding 49.88M shares 49.06M shares 43.11M shares 9.758M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $17.968 Million

About BITMINE IMMERSION TECHNOLOGIES, INC.

Bitmine Immersion Technologies, Inc. is a blockchain technology company, which engages in industrial scale digital asset mining, equipment sales, and hosting operations. The company is headquartered in Atlanta, Georgia and currently employs 6 full-time employees. The company went IPO on 2021-05-26. The firm operates in the cryptocurrency mining industry. Its business includes industrial scale digital asset mining, equipment sales and hosting operations. The company is engaged in self-mining bitcoin for its own account, as well as hosting third-party equipment used in mining of digital asset coins and tokens, specifically bitcoin. The company conducts digital asset mining operations using specialized computers equipped with application-specific integrated circuit chips. Its data centers provide power, racks, thermodynamic management (heat dissipation and airflow management), redundant connectivity, 24/7 security, as well as software which provide infrastructure management and custom firmware that improves performance and energy efficiency.

Industry: Finance Services Peers: AWARE INC /MA/ Verb Technology Company, Inc. Cyngn Inc. Intellicheck, Inc. NETSOL TECHNOLOGIES INC Rekor Systems, Inc. Salesforce, Inc. Stronghold Digital Mining, Inc.