Bitmine Immersion Technologies (BMNR) Revenue — Quarter Ended Nov 30, 2024
Revenue for the quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. This marks a continuation of the upward trend seen in recent quarters.
Key takeaway
Quarter ended Nov 30, 2024 · FY2025 Q1
Revenue for the quarter rose compared to both the immediately preceding quarter and the same quarter one year earlier. This marks a continuation of the upward trend seen in recent quarters.
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
+76.1%
Change from the immediately preceding quarter.
Year-over-year
+134.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$4M
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 |
|---|---|---|
| Feb 29, 2024 | $891.6K | +471.2% |
| May 31, 2024 | $1.2M | +761.9% |
| Aug 31, 2024 | $682.1K | +178.0% |
| Nov 30, 2024 | $1.2M | +134.9% |
Revenue performance
The reported revenue increased from the prior quarter, and also showed growth compared to the same period a year ago.
Quarterly comparison
When measured against the preceding quarter, revenue improved, and the year-over-year comparison also reflected a higher figure.
What to watch
The company's net loss and cash used in operations were higher than in the comparable prior-year period, which may warrant attention.