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BitMine Immersion Technologies (OTCQX: BMNRD) has launched its Bitcoin Treasury Advisory Practice and secured a significant $4 million transaction with its first client, a U.S. exchange-listed company. The deal includes a $3.2 million lease for 3,000 Bitcoin ASIC miners through December 2025 and an $800,000 consulting agreement for Bitcoin Mining-as-a-Service (MaaS) and Treasury Strategy.
The new advisory practice will support public companies with Bitcoin-based revenue strategies, GAAP accounting, custody solutions, and BTC/USD hedging. CEO Jonathan Bates highlighted that this single transaction exceeds BitMine's entire 2024 fiscal year revenue, with potential for additional client acquisitions as Bitcoin treasury adoption grows among public companies.
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