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.
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