Bitmine Immersion Technologies (BMNR) 10-K Summaries & Annual Filing History
Review Bitmine Immersion Technologies, Inc. (BMNR) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Aug 31, 2025 · FY2025 10-K
Bitmine Immersion Technologies, Inc. operates in the cryptocurrency mining sector using immersion cooling technology. The company's revenue grew significantly over the reported period, though it reported a net loss and negative operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6.1M
Revenue reported for the fiscal year.
Operating income
$444.2M
Income from operations reported for the year.
Net income
$348.6M
Net income reported for the year.
Operating cash flow
-$4.1M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 31, 2022 | $427.7K | n/a |
| Aug 31, 2023 | $645.3K | +50.9% |
| Aug 31, 2024 | $3.3M | +413.0% |
| Aug 31, 2025 | $6.1M | +84.1% |
Business overview
The company provides cryptocurrency mining services using immersion cooling technology to improve efficiency. Its business operations are focused on mining digital assets and managing the associated infrastructure. The filing mentions no other material lines of business.
Financial performance
Revenue showed a strong upward trend over the most recent annual period compared to prior years. However, the company reported a substantial operating income and net income, while cash used in operations was negative. The financial results indicate that the company generated non-cash gains or income from sources other than core operations.
Material risks
The filing identifies risk factors related to the volatile nature of cryptocurrency markets, including price fluctuations and regulatory changes. It also notes potential operational risks from mining difficulty adjustments and reliance on technology infrastructure. No other specific material risks are detailed in the supplied context beyond these general industry concerns.
Liquidity and capital
The company's negative operating cash flow suggests it consumed cash from operations during the period. The filing does not provide details on specific capital allocation plans, debt arrangements, or financing activities beyond the general liquidity discussion.
What to watch
Monitor whether the company's operating cash flow turns positive as revenue continues to grow.