In fiscal 2025, which ended Aug 31, 2025, Bitmine Immersion Technologies, Inc. reported revenue of $6.1 million, up 84.1% from the year before. Net income was $348.6 million, a profit margin of 5719.1%. Operating income came to $444.2 million, an operating margin of 7288.1%. Diluted earnings per share were $13.39. Over the twelve months ended May 31, 2026, revenue was $61.2 million. Across the 4 fiscal years shown, revenue grew from $427,669 in fiscal 2022 to $6.1 million in fiscal 2025, about 142.4% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
May 31, 2026
|
FY 2025
Aug 31, 2025
|
FY 2024
Aug 31, 2024
|
FY 2023
Aug 31, 2023
|
FY 2022
Aug 31, 2022
|
FY 2021
Aug 31, 2021
|
|---|---|---|---|---|---|---|
| Revenue |
61
+1022.4%
|
6
+84.1%
|
3
+413.0%
|
1
+50.9%
|
0
|
—
|
| Cost of revenue |
—
|
6
|
—
|
—
|
1
|
—
|
| Gross profit |
—
|
0
-59.3%
|
1
+242.1%
|
0
+272.4%
|
-0
|
—
|
| Selling, general and administrative |
347
+7087.8%
|
14
+513.6%
|
2
+4963.5%
|
0
-80.2%
|
0
+256.7%
|
0
|
| Operating income |
-8,876
-303251.4%
|
444
+18245.9%
|
-2
-1.4%
|
-2
-40.8%
|
-2
-1200.4%
|
-0
|
| Pretax income |
—
|
441
|
—
|
—
|
—
|
—
|
| Income tax |
—
|
92
|
—
|
—
|
—
|
—
|
| Net income |
—
|
349
+10685.4%
|
-3
-33.6%
|
-2
-22.9%
|
-2
-1200.1%
|
-0
|
| Net income to common |
-8,772
|
328
|
—
|
—
|
—
|
—
|
| Basic EPS |
-24.76
|
13.60
+1130.3%
|
-1.32
-2540.0%
|
-0.05
+0.0%
|
-0.05
|
—
|
| Diluted EPS |
-24.74
|
13.39
+1114.4%
|
-1.32
-2540.0%
|
-0.05
+0.0%
|
-0.05
|
—
|
| Weighted average shares, basic |
354
+15549.2%
|
24
+867.9%
|
2
-94.9%
|
49
+13.8%
|
43
|
—
|
| Weighted average shares, diluted |
355
+15565.9%
|
25
+883.0%
|
2
-94.9%
|
49
+13.8%
|
43
|
—
|
| Other measures | ||||||
| Depreciation and amortization |
1
+9.6%
|
1
-17.6%
|
1
+96.3%
|
0
+14962.6%
|
0
|
—
|
| EBITDA |
-8,875
-413169.1%
|
445
+29297.6%
|
-2
+21.5%
|
-2
-13.5%
|
-2
|
—
|
| Interest coverage |
—
|
1,813.11x
|
—
|
—
|
—
|
—
|
| Margins | ||||||
| Gross margin |
—
|
5.09%
|
22.99%
|
34.48%
|
-30.17%
|
—
|
| Operating margin |
-14,504.50%
|
7,288.12%
|
-73.95%
|
-373.96%
|
-400.82%
|
—
|
| Pretax margin |
—
|
7,233.34%
|
—
|
—
|
—
|
—
|
| Profit margin |
—
|
5,719.06%
|
-99.48%
|
-381.99%
|
-468.87%
|
—
|
| EBITDA margin |
-14,503.11%
|
7,300.61%
|
-46.04%
|
-301.01%
|
-400.09%
|
—
|
| Effective tax rate |
—
|
20.93%
|
—
|
—
|
—
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- BMNR (NYSE), BMNP (NYSE)
- Fiscal year ends
- August 31
- Incorporated in
- DE
- Headquarters
- Norwalk, CT
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1829311
- Former names
- Sandy Springs Holdings, Inc. (until Jul 27, 2021)
Other Finance Services companies
- American Express Co AXP
- Strategy Inc MSTR
- Nu Holdings Ltd. NU
- Coinbase Global, Inc. COIN
- Synchrony Financial SYF
- SoFi Technologies, Inc. SOFI
- Circle Internet Group, Inc. CRCL
- Chime Financial, Inc. CHYM
Source: SEC EDGAR filings. This is company-reported data, not investment advice.