Bitmine launches Bitcoin Treasury Consulting Practice to Get $4 Million in Transactions with First Client
Today, Bitmine Immersion Technologies, Inc. (OTCQX:BMNRD) announced the launch of its Bitcoin Treasury consulting business and $4 million transactions with U.S. exchange-listed companies. The deal was announced to exceed last year’s total revenue in a single transaction only.
Bitmine will lease 3,000 Bitcoin ASIC miners to customers in a $3.2 million lease transaction on December 30, 2025, and provide a $1.6 million advance payment, which will provide “Mining as Services” (MAAS). Additionally, clients have signed a $800,000 consulting agreement for a year focusing on Bitcoin mining services, as a service and Bitcoin treasury strategies.
“Currently, there are nearly 100 companies that adopt Bitcoin as Treasury holdings. We hope that this number will grow in the future. As more companies adopt Bitcoin treasury strategies, demand for infrastructure, revenue generation and expert guidance grows,” said Jonathan Bates, CEO of Bitmine. “This single transaction is greater than our revenue throughout the fiscal year 2024 and we believe there is an opportunity to gain more customers in the near future as our interest in Bitcoin ownership grows.”
Bitmine’s first quarter 2025 results showed strong revenue growth, with GAAP revenues about 135% to $1.2 million, up from $511,000 in Q1 2024 from $511,000 in Q1 2024, up from $511,000 in Q1 2024, to expand support for 4,640 miners as of November 30, 2024, rather than 1,606 in the previous year. Despite this growth, the company reported a net loss of $3.9 million in the first quarter of 2025, mainly due to a one-time non-cash accounting adjustment associated with preferred stocks; excluding this fee, the adjusted loss was approximately $975,000, consistent with the previous year’s results.
Bitmine’s new Bitcoin Treasury Consulting business and $4 million deal join the trend of exploring Bitcoin’s listed companies, not only as fiscal assets, but also as a source of revenue.
