Similar companies
| Company | Revenue | |
|---|---|---|
| No data for previous quarter available yet. | ||
Income Statement (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Revenue | 2.1M | 35.2% |
| Gross Profit | 490,000 | 61.1% |
| Cost of Revenue | 1.6M | 28.7% |
| Operating expense | 960,000 | 21.3% |
| Net Income | -620,000 | 46.2% |
| EBITDA | -370,000 | 57.4% |
Balance Sheet (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Total Assets | 8.3M | 10.2% |
| Total Liabilities | 5.4M | 15.9% |
| Total Equity | 2.9M | 0.9% |
| Shares Outstanding | 173M | 1.2% |
Cash Flow (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Cash from operations | 1.7M | 882.4% |
| Cash from financing | -690,000 | 584.4% |
EPS
Financial Highlights for Bitmine Immersion Technologies in Q2 '25
Bitmine Immersion Technologies reported a revenue of 2.1M, which is a 35.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 490,000, marking a 61.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.6M, a 28.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 960,000, showing a -21.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -620,000, showing a 46.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -370,000, showing a 57.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Bitmine Immersion Technologies with growth in revenue, gross profit, and net income.
