BitMine Immersion Technologies, Inc. Comments on 2024 Third Quarter Results
BitMine Immersion Technologies, Inc. Comments on 2024 Third Quarter Results
The Company generated net losses of ($654,228) and ($2,478,632) in the three and nine months ended May 31, 2024, respectively, as compared to net losses of ($523,704) and ($1,301,775), respectively. Net losses were impacted by increases in non-cash deprecation and compensation expenses, as well as higher general and administrative expenses.ATLANTA, GA / ACCESSWIRE / July 16, 2024 / BitMine Immersion Technologies, Inc. ("BitMine" or "the Company") (OTCQX:BMNR) is pleased to announce that it reported revenues of $1.225 million and $2,628 million in the three and nine months ended May 31, 2024, respectively, as compared to revenues of $142,126 and $399,932 in the three and nine months ended May 31, 2023, respectively. Revenues in the three months ended May 31, 2024 represented a 37% increase from the previous quarter and an 862% increase from the revenues in the same period of the previous year.
2024年7月16日，BitMine Immersion Technologies公司（簡稱"比特礦"或"該公司"）（OTCQX：BMNR）非常高興地宣佈，該公司在截至2024年5月31日的三個月和九個月中分別報告了1225萬美元和262800萬美元的營業收入，相比之下，截至2023年5月31日的三個月和九個月的營業收入分別爲142126美元和399932美元。截至2024年5月31日的三個月內的營業收入同比上季度增長37％，同比去年同期增長了862％。
At this time, we are running virtually the same number of miners as last quarter. However, during the most recent quarter we leased 777 additional machines for the 6-week period prior to the April 19, 2024 bitcoin halving, which generated an additional $319,000 of revenue. We are working on similar transactions which we hope will have a similar impact on this quarter and quarters to come. Revenues were also positively impacted in the most recent quarter by an increase in the price of bitcoin.
目前，我們的礦機數量與上個季度幾乎相同。然而，在最近的季度中，我們租用了777臺額外的機器，爲2024年4月19日比特幣減半前的六週期間產生了額外的319,000美元收入。我們正在進行類似的交易，希望對本季度和未來幾個季度產生類似的影響。在最近的季度中，比特幣價格的上漲也對收入產生了積極影響。
The Company generated gross profits of $221,687 and $649,391 in the three and nine months ended May 31, 2024, respectively, which represented substantial increases from gross profits of $69,734 and $113,608 reported in the three and nine months ended May 31, 2023, respectively.
本季度及截至2024年5月31日的9個月內，該公司的毛利潤分別達到221,687美元和649,391美元，相比之下，截至2023年5月31日的三個月和九個月的毛利潤爲69,734美元和113,608美元。
The Company generated net losses of ($654,228) and ($2,478,632) in the three and nine months ended May 31, 2024, respectively, as compared to net losses of ($523,704) and ($1,301,775), respectively. Net losses were impacted by increases in non-cash deprecation and compensation expenses, as well as higher general and administrative expenses.
截至2024年5月31日的三個月內和九個月內，公司分別產生了(654,228)美元和(2,478,632)美元的淨虧損，相比之下，分別產生了(523,704)美元和(1,301,775)美元的淨虧損。淨虧損受到非現金折舊和薪酬支出以及更高的總部和行政費用的影響。
During the quarter we also brokered the sale of 20 electrical transformers for which we accepted a deposit of approximately 50% of the transaction price. We expect to record the transaction in revenue in August 2024 upon final delivery of the equipment.
在本季度，我們還經紀出售了20臺電力變壓器，對方也已支付了交易價格約50％的存款，以便在2024年8月最終交付設備時將交易納入收入。
We continue to speak with several investment banks regarding an offering that would enable the Company to uplist from the OTCQX to the NASDAQ or the NYSE/AMEX. We are also evaluating several possible shareholder-friendly merger discussions and will make the appropriate announcements as soon as we sign a letter of intent.
我們繼續與數家投資銀行進行交流，以進行股票上市，從OTCQX到納斯達克或紐交所/美交所。我們還在評估幾個可能的股東友好型合併方案，並將在簽署意向書後發佈適當公告。
About BitMine Immersion Technologies, Inc.
BitMine is a technology company focused on Bitcoin mining using immersion technology, an advanced cooling technique where computers are submerged in specialized oil circulated to keep units operating at optimal ambient temperature. Immersion technology is more environmentally friendly than conventional mining methodologies, while lowering operating expenses and increasing yield. BitMine's operations are located in low-cost energy regions in Trinidad, Pecos, Texas, and Murray, Kentucky.
關於BitMine Immersion Technologies公司：
比特礦是一家科技公司，專注於使用浸潤技術進行比特幣礦業，這是一種先進的冷卻技術，電腦被浸入專門的油中循環運行，以保持最佳的環境溫度。浸潤技術比傳統的採礦方法更環保，同時降低營業費用並增加產量。比特礦的運營地點位於低成本能源地區的特立尼達、德克薩斯州的Pecos和肯塔基州的Murray。
Forward-Looking Statements:
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine's control, including those set forth in the Risk Factors section of BitMine's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on December 14, 2023, and its Quarterly Reports on Form 10-Q filed with the SEC on January 12, 2024 and April 15, 2024, and any other SEC filings, as amended or updated from time to time. Copies of BitMine's filings with the SEC are available on the SEC's website at www.sec.gov/edgar/searchedgar/companysearch. BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
前瞻性聲明：
本新聞稿包含構成"前瞻性聲明"的陳述。本新聞稿中不純屬歷史的陳述構成包含風險和不確定性的前瞻性陳述。實際的未來業績結果和結果可能與前瞻性陳述中表達的情況有所不同。前瞻性陳述受到許多條件的限制，其中許多條件超出比特礦的控制範圍，在"風險因素"欄目中明示，該欄目於2023年12月14日提交給美國證券交易委員會（SEC）的10-K年度報告及其於2024年1月12日和2024年4月15日提交給SEC的10-Q季度報告以及任何其他SEC文件中規定，隨時做出修改或更新。比特礦的報告副本可在美國證券交易委員會的網站www.sec.gov/edgar/searchedgar/companysearch上獲取。比特礦除了法律要求外，在發佈日期後不承擔更新這些陳述的必要性。
BitMine Immersion Technologies Contact:
Jonathan Bates, Chairman and CEO
info@bitminetech.io
比特礦浸潤技術聯繫方式:
Jonathan Bates，主席兼首席執行官
info@bitminetech.io
SOURCE: BitMine Immersion Technologies Inc.
消息來源：BitMine Immersion Technologies Inc.
譯文內容由第三人軟體翻譯。