**BitMine Launches Bitcoin Treasury Advisory Practice with $4M Deal**
BitMine Immersion Technologies, Inc. has officially launched its Bitcoin Treasury Advisory Practice, marking a significant milestone with a $4 million agreement with a U.S. exchange-listed company. This deal alone has allowed BitMine to exceed its total revenue from the previous year, highlighting the company’s rapid growth trajectory.
As part of this agreement, BitMine will offer “Mining as a Service” (MaaS) by leasing 3,000 Bitcoin ASIC miners to the client until December 30, 2025. The lease agreement is valued at $3.2 million, with $1.6 million paid upfront. Additionally, the client has entered into an $800,000 consulting contract for one year, focusing on Bitcoin Mining-as-a-Service and Bitcoin Treasury Strategy.
Jonathan Bates, CEO of BitMine, emphasized the growing trend of public companies adopting Bitcoin as a treasury asset. “Currently, there are almost 100 public companies that have adopted Bitcoin as a treasury holding. We expect this number to grow in the future. As more companies adopt Bitcoin treasury strategies, the need for infrastructure, revenue generation, and expert guidance grows along with it,” he stated. Bates noted that this single transaction surpasses the entire revenue projected for the 2024 fiscal year, indicating a promising opportunity for future client acquisition as interest in Bitcoin ownership continues to rise.
In its first quarter results for 2025, BitMine reported a remarkable revenue increase of approximately 135%, reaching $1.2 million, up from $511,000 in Q1 2024. This growth was supported by an expanded mining capacity of 4,640 miners as of November 30, 2024, compared to just 1,606 the previous year. However, the company also reported a net loss of $3.9 million in Q1 2025, primarily due to a one-time, non-cash accounting adjustment related to preferred stock. Excluding this charge, the adjusted loss was approximately $975,000, consistent with the previous year’s results.
BitMine’s new Bitcoin Treasury Advisory Practice, along with the recent $4 million deal, reflects a broader trend among public companies exploring Bitcoin not only as a treasury asset but also as a potential revenue source.
**FAQ**
**What is BitMine’s new Bitcoin Treasury Advisory Practice?**
BitMine’s Bitcoin Treasury Advisory Practice provides consulting and mining services to companies looking to adopt Bitcoin as a treasury asset, helping them navigate the complexities of Bitcoin ownership and revenue generation.
