Bitmine Immersion Technologies Stock Price, News & Analysis

BitMine Immersion Technologies, Inc. (trading under the symbol BMNRD and expected to trade as BMNR on the NYSE American) is described as a Bitcoin Network Company with a focus on Bitcoin mining and related advisory activities. According to company communications, BitMine concentrates on Bitcoin mining and what it calls Synthetic Bitcoin Mining, which involves participation in Bitcoin mining hashrate as a financial product. The company also highlights advisory and mining services for organizations that seek to earn revenues denominated in Bitcoin, as well as general Bitcoin advisory services for public companies.

BitMine’s operations are reported to be located in low-cost energy regions in Trinidad, Pecos, Texas, and Silverton, Texas. By situating activities in these areas, the company positions its mining and related services in energy markets it characterizes as low-cost, which can be a key factor for Bitcoin mining economics. The company also references the use of immersion technology in its Bitcoin mining focus.

Business focus and activities

In its public descriptions, BitMine states that it focuses on:

• Bitcoin mining, including operations in multiple geographic locations.
• Synthetic Bitcoin Mining through involvement in Bitcoin mining hashrate as a financial product.
• Advisory and mining services for companies that want to earn Bitcoin denominated revenues.
• General Bitcoin advisory for public companies exploring or using Bitcoin in their activities.

The company has also announced a Bitcoin Treasury Advisory Practice. In connection with this practice, BitMine describes offering "Mining as a Service" (MaaS) to companies that own Bitcoin and wish to add Bitcoin denominated revenue as a core treasury component, alongside holding Bitcoin itself.

Bitcoin Treasury Advisory Practice and MaaS

BitMine reports that it launched a Bitcoin Treasury Advisory Practice and entered into a strategic transaction with a U.S. exchange-listed company. Under this arrangement, BitMine states that it will lease Bitcoin ASIC miners to the client and provide consulting services focused on Bitcoin Mining-as-a-Service and Bitcoin treasury strategy. This advisory business is described as supporting public companies with Bitcoin-based revenue strategies, GAAP accounting insights related to Bitcoin, custody considerations, and BTC/USD hedging topics.

Through this practice, BitMine positions itself as a resource for public companies that have adopted, or are considering adopting, Bitcoin as a treasury holding and that are interested in adding Bitcoin denominated revenue streams. The company notes that many public companies have adopted Bitcoin as a treasury holding and suggests that demand for infrastructure, revenue generation options, and guidance around Bitcoin strategies is increasing.

Trading venues and uplisting plans

BitMine Immersion Technologies, Inc. has stated that its common stock trades on the OTC Markets’ OTCQX Best Market under the symbol BMNRD, and that it expects its shares of common stock to be approved for listing on the NYSE American LLC stock exchange under the symbol BMNR. The company has communicated that, upon effectiveness of the NYSE American listing, trading of its common stock on the OTCQX is expected to terminate, and that stockholders are not required to take action in connection with the listing transition, based on the company’s announcement.

Geographic footprint

According to the company’s own descriptions, BitMine’s operations are located in low-cost energy regions in Trinidad, Pecos, Texas, and Silverton, Texas. These locations are highlighted by the company in the context of its Bitcoin mining and related services.

How BitMine describes its role in the Bitcoin ecosystem

BitMine characterizes itself as a Bitcoin Network Company. In its public statements, it emphasizes:

• Participation in Bitcoin mining, including immersion-based mining activities.
• Involvement in Bitcoin mining hashrate as a financial product, referred to as Synthetic Bitcoin Mining.
• Advisory and mining services for companies seeking Bitcoin denominated revenues.
• General Bitcoin advisory services for public companies, including guidance on treasury strategies and related topics.

Through these activities, the company presents itself as operating at the intersection of Bitcoin mining operations and advisory services for organizations that use or hold Bitcoin.

FAQs about BitMine Immersion Technologies, Inc. (BMNRD)

• What does BitMine Immersion Technologies, Inc. do?
  
  According to the company, BitMine is a Bitcoin Network Company focused on Bitcoin mining, Synthetic Bitcoin Mining through involvement in Bitcoin mining hashrate as a financial product, and advisory and mining services for companies interested in earning Bitcoin denominated revenues, along with general Bitcoin advisory to public companies.
• How does BitMine describe Synthetic Bitcoin Mining?
  
  BitMine refers to Synthetic Bitcoin Mining as involvement in Bitcoin mining hashrate as a financial product. This description appears in the company’s own overview of its business focus.
• Where are BitMine’s operations located?
  
  The company states that its operations are located in low-cost energy regions in Trinidad, Pecos, Texas, and Silverton, Texas.
• What is BitMine’s Bitcoin Treasury Advisory Practice?
  
  BitMine reports that its Bitcoin Treasury Advisory Practice is aimed at public companies and focuses on Bitcoin-based revenue strategies, Bitcoin Mining-as-a-Service, GAAP accounting insights related to Bitcoin, custody solutions, and BTC/USD hedging.
• What is Mining as a Service (MaaS) in BitMine’s description?
  
  In its announcements, BitMine describes offering "Mining as a Service" to companies that own Bitcoin and wish to add Bitcoin denominated revenue as a core treasury holding. This includes leasing Bitcoin ASIC miners and providing related consulting services under specific agreements.
• Which companies does BitMine target with its advisory services?
  
  BitMine states that it focuses on public companies that have adopted Bitcoin as a treasury holding or are interested in Bitcoin denominated revenues, and that it provides general Bitcoin advisory to such public companies.
• On which markets does BitMine’s stock trade or expect to trade?
  
  The company has indicated that its common stock trades on the OTC Markets’ OTCQX Best Market under the symbol BMNRD and that it expects its shares to be approved for listing on the NYSE American under the symbol BMNR, after which trading on the OTCQX is expected to terminate.
• Does BitMine use immersion technology in its Bitcoin mining operations?
  
  BitMine describes itself as a technology company focused on Bitcoin mining using immersion technology and presents this as part of its overall Bitcoin mining focus.