Bitmine Immersion Technologies (BMNR) Revenue — Quarter Ended May 31, 2024
Bitmine's revenue rose sharply in the latest quarter. The increase was significant both from the prior quarter and from the same quarter a year ago.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q3
Bitmine's revenue rose sharply in the latest quarter. The increase was significant both from the prior quarter and from the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2M
Revenue reported for this quarter.
Quarter-over-quarter
+37.4%
Change from the immediately preceding quarter.
Year-over-year
+761.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.9M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 31, 2023 | $245.3K | +296.8% |
| Nov 30, 2023 | $511.3K | +402.7% |
| Feb 29, 2024 | $891.6K | +471.2% |
| May 31, 2024 | $1.2M | +761.9% |
Revenue performance
Revenue continued the upward trajectory seen over the past several quarters. Sequential growth remained strong, though the pace was slower than the previous period's increase.
Quarterly comparison
Compared with the immediate prior quarter, revenue increased. When set against the same quarter of the previous year, revenue also showed a large increase.
What to watch
Monitor whether the company can sustain the multi-quarter revenue growth pattern in the coming period.