BitMine Immersion Technologies Secures $4M Deal with First Bitcoin Treasury Advisory Client

Reuters

05-21

BitMine Immersion Technologies Secures $4M Deal with First Bitcoin Treasury Advisory Client

BitMine Immersion Technologies Inc. has announced the launch of its Bitcoin Treasury Advisory Practice, marking a significant milestone with a $4 million transaction with its first advisory client. The company will lease 3,000 Bitcoin ASIC miners to a U.S. exchange-listed company until December 30, 2025, for $3.2 million, with half of the payment made upfront. Additionally, BitMine has secured an $800,000 consulting agreement to provide expertise in Bitcoin Mining-as-a-Service and Bitcoin Treasury Strategy. This strategic partnership is part of BitMine's initiative to support public companies in developing Bitcoin-based revenue strategies, addressing GAAP accounting, custody solutions, and BTC/USD hedging. CEO Jonathan Bates highlighted the growing trend of public companies adopting Bitcoin as a treasury holding and expressed optimism about acquiring more clients as interest in Bitcoin ownership expands.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitmine Immersion Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-003895), on May 20, 2025, and is solely responsible for the information contained therein.

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