Welcome to our dedicated page for Bitmine Immersion Technologies news (Ticker: BMNRD), a resource for investors and traders seeking the latest updates and insights on Bitmine Immersion Technologies stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bitmine Immersion Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bitmine Immersion Technologies's position in the market.
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.
FAQ
What is the current stock price of Bitmine Immersion Technologies (BMNRD)?
