Las Vegas – Bitmine Immersion Applied sciences, Inc., a Las Vegas-based firm specializing in Bitcoin mining. introduced that widespread inventory has been authorized on the NYSE American Inventory Alternate checklist. The corporate expects buying and selling to start round June fifth, 2025. Following the checklist, Bitmine’s widespread inventory will droop buying and selling within the at present listed OTCQX Greatest Market.
Bitmine Immersion Applied sciences focuses on Bitcoin mining utilizing immersion cooling know-how. This can be a technique of immersing mining computer systems in particular dielectric fluids to take care of optimum working temperatures. The corporate operates industrial-scale digital asset mining, sells mining tools and offers internet hosting providers. It additionally affords a Mining as a Service (MAAS) mannequin to permit firms to mine Bitcoin with out managing service facilities or know-how operations. Purchasers obtain direct Bitcoin funds via the service.
The corporate has just lately expanded its enterprise considerably. In November 2024, Bitmine acquired 3,000 ASIC mining computer systems, rising the mining capability that has been deployed tripled since January 2025. As of the primary quarter of 2025, the corporate reported income of $1,200,830, up 135% from $511,308 in the identical interval final yr. The variety of lively miners elevated from 1,606 to 4,640 over the identical interval. Regardless of the rise in income, Bitmine recorded a web lack of $654,228 within the third quarter of 2024 and $2,478,632 within the first 9 months of the yr.
To fulfill the necessities for the NYSE American Itemizing, Bitmine accomplished a 1-20 reverse inventory break up on Could 16, 2025, efficient at 9am. The reverse break up was authorized in December 2024 by the Firm’s board of administrators and majority shareholders.
Bitmine has additionally launched Bitcoin monetary advisory practices and affords consulting providers on Bitcoin custody, regulatory compliance and monetary technique. In a current transaction, the corporate has secured a $4 million cope with US exchange-listed firms, together with a $3.2 million lease for 3,000 Bitcoin ASIC miners and a $800,000 consulting settlement for MAAS and the Treasury Division providers.
The corporate operates with an preliminary internet hosting capability of fifty megawatts and is anticipated to increase additional in North America and the Caribbean. Bitmine states its dedication to attaining carbon neutrality by the tip of 2024, highlighting sustainable practices in its mining operations.
Bitmine CEO and Chairman Jonathan Bates leads an organization with over 30 years of expertise within the monetary trade. The administration group additionally contains Michael Maloney, director with digital asset regulation experience and former roles at Coinmint and Galaxy Digital.
The transfer to NYSE American is anticipated to mark a brand new stage in Bitmine because it seeks to increase its presence within the cryptocurrency mining sector. This checklist follows a interval of operational development and strategic initiatives geared toward positioning firms inside the evolving digital asset market.
