BITMINE IMMERSION TECHNOLOGIES, INC.

BMNR 10-K · FY 2025

BMNR FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 6,095 3,310 +84.1%
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Consulting 235
Leasing 1,881
Sale Of Mining Equipment 846 231 +266.2%
Self Mining 3,133 3,031 +3.4%
Cost of Revenue 5,785 3,473 +66.6%
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Consulting 7
Leasing 1,749
Sale Of Mining Equipment 752 181 +315.5%
Self Mining 3,277 3,254 +0.7%
General & Administrative 13,984 2,279 +513.6%
Adjustment Of Warrants Granted For Services 348,959
Asset Impairment Charges 1,912 120 +1493.3%
Crypto Asset Realized Gain Loss Operating -3,748 -114 -3187.7%
Crypto Asset Unrealized Gain Operating -805,008
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Bitcoin -551
Ethereum -804,457
Operating Expenses -443,901 2,285 -19526.7%
Operating Income 444,211 -2,448 +18245.9%
Interest Expense -245 -269 +8.9%
Interest Income 1 55 -98.2%
Loss On Extinguishment Of Debt -289 -320 +9.7%
Income Loss From Equity Method Investments -1,278 -311 -310.9%
Loss On Sale Of Equipment -1,528
Income Before Taxes 440,872 -3,293 +13488.2%
Income Tax Expense (Benefit) 92,295
Net Income 348,577 -3,293 +10685.4%
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Retained Earnings 348,577 -3,293 +10685.4%
Preferred Stock Dividends And Other Adjustments -2,961
Allocation To Participating Preferred Stock -17,455
Net Income Loss Available To Common Stockholders Basic 328,161 -3,293 +10065.4%
EPS (Basic) 13.6 -1.32 +1130.3%
EPS (Diluted) 13.39 -1.32 +1114.4%
Wtd Avg Shares (Basic) 24,137,713 2,493,931 +867.9%
Wtd Avg Shares (Diluted) 24,515,226 2,493,931 +883.0%
Revenue (FY)
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Transformers · Rykor Energy Solutions LLC 704
Cost of Revenue (FY)
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Transformers · Rykor Energy Solutions LLC 670
Gross Profit (FY)
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Transformers · Rykor Energy Solutions LLC 34
Interest And Other Income 1 55 -98.2%
Preferred Stock Dividends Income Statement Impact -17,455

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 511,999 499 +102505.0%
Prepaid Expense Current 498 673 -26.0%
Other Receivables Net Current 510 374 +36.4%
Total Current Assets 513,007 1,546 +33082.9%
Crypto Asset Fair Value Noncurrent 8,281,530 15 +55210100.0%
Property, Plant & Equipment 516 4,772 -89.2%
Non-Current Assets
Total Assets 8,795,053 7,282 +120678.0%
Current Liabilities
Accrued Liabilities 8,894 716 +1142.2%
Deferred Revenue (Current) 1,067 790 +35.1%
Loans Payable Current (Q)
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Loc Agreement 0 1,625 -100.0%
Total Current Liabilities 9,961 3,131 +218.1%
Deferred Tax Liabilities 92,295
Total Liabilities 102,256 3,196 +3099.5%
Stockholders' Equity
Common Stock 23
Additional Paid-In Capital 8,355,382 12,310 +67774.8%
Retained Earnings 337,392 -8,224 +4202.5%
Total Stockholders' Equity 8,692,797 4,086 +212645.9%
Show Equity Components breakouts
Additional Paid In Capital 8,355,382 12,310 +67774.8%
Common Stock 23
Retained Earnings 337,392 -8,224 +4202.5%
Total Liabilities & Equity 8,795,053 7,282 +120678.0%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Stock-Based Compensation 2,425 1,123 +115.9%
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Restricted Stock 928
Warrant Expense 348,959
Depreciation 761 924 -17.6%
Gain Loss On Sale Of Property Plant Equipment 1,528 32 +4675.0%
Amortization Of Debt Discount Premium 8
Gains Losses On Extinguishment Of Debt 289
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Loc Agreement -143
Crypto Asset Realized Gain Operating -3,748
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Ethereum -3,748
Increase Decrease In Digital Assets -2,515 -225 -1017.8%
Increase Decrease In Prepaid Expense 178 -570 +131.2%
Increase Decrease In Accrued Liabilities 8,699 507 +1615.8%
Increase Decrease In Deferred Income Taxes 92,295
Change in Deferred Revenue 213 704 -69.7%
Net Cash from Operations -4,149 -30 -13730.0%
Investing Activities
Payment For Acquisition Crypto Asset -7,433,131
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Bitcoin -1,379 -1,705 +19.1%
Proceeds From Disposal Crypto Asset 2,187
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Bitcoin 2,187 2,138 +2.3%
Capital Expenditures -1,065 -76 -1301.3%
Net Cash from Investing -7,432,009 -67 -11092450.7%
Financing Activities
Proceeds From Issuance Of Preferred Stock And Preference Stock 25
Proceeds From Issuance Of Preferred Stock And Preference Stock One 200
Proceeds From Short Term Debt 1,035
Repayments Of Short Term Debt -957
Proceeds From Issuance Of Warrants 230,290
Proceeds From Payments For Other Financing Activities 7,717,761
Repayments Of Related Party Debt -945
Proceeds From Related Party Debt 250 325 -23.1%
Net Cash from Financing 7,947,659 325 +2445333.5%
Supplemental
Repayment Of Loan With Digital Assets 374
Purchase Of Equipment For Loan Payable 1,035
Deemed Dividend On Preferred Stock 2,961
Stock Issued1 796
Other Cash Flow
Net Change in Cash 511,500 229 +223262.4%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 511,999 499 +102505.0%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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