BITMINE IMMERSION TECHNOLOGIES, INC.
For the period ended Aug 31, 2025. Filed Nov 21, 2025.
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FY2025 · Filed Nov 21, 2025
BMNR$18.61-0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
Consolidated Statements of Cash Flows
(In thousands)
| Fiscal year · Fiscal year | ||||
|---|---|---|---|---|
| ended · ended | ||||
| August 31, 2025 · August 31, 2024 | ||||
| Cash flows from operating activities | ||||
| Net Income (loss) | $348,577 | $(3,293) | ||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||||
| Stock based compensation | 2,425 | 1,123 | ||
| Warrant expense | 348,959 | - | ||
| Depreciation expense | 761 | 924 | ||
| Loss on the sale of property and equipment | 1,528 | 32 | ||
| Loss on investment in joint venture | 1,278 | 311 | ||
| Impairment of property and equipment | 1,912 | 120 | ||
| Amortization of note discount | 8 | - | ||
| Loss on extinguishment of debt | 289 | - | ||
| Gain on note settlement | - | (35) | ||
| Realized gain on the sale of digital assets | (3,748) | - | ||
| Unrealized gain on digital assets held | (805,008) | - | ||
| Changes in operating assets and liabilities | ||||
| Digital assets | (2,515) | (225) | ||
| Other receivables | - | 374 | ||
| Prepaid expenses | 178 | (570) | ||
| Accrued liabilities | 8,699 | 507 | ||
| Deferred tax liability | 92,295 | - | ||
| Contract liabilities | 213 | 704 | ||
| Net cash provided by (used in) operating activities | (4,149) | (30) | ||
| Cash flows from investing activities | ||||
| Purchase of digital assets | (7,433,131) | - | ||
| Return of capital on joint venture | - | 8 | ||
| Proceeds form sale of digital assets | 2,187 | - | ||
| Purchase of property and equipment | (1,065) | (76) | ||
| Net cash (used in) investing activities | (7,432,009) | (67) | ||
| Cash flows from financing activities: | ||||
| Proceeds from Series A preferred stock | 25 | - | ||
| Proceeds from Series B preferred stock | 200 | - | ||
| Proceeds from loan payable | 1,035 | - | ||
| Repayment of loan payable | (957) | - | ||
| Proceeds from private placements and prefunded warrants, net of issuance costs | 230,290 | - | ||
| Proceeds from ATM, net of issuance costs | 7,717,761 | - | ||
| Repayment of related party loan | (945) | - | ||
| Proceeds from related party loan | 250 | 325 | ||
| Net cash (used in) by financing activities | 7,947,659 | 325 | ||
| Net increase in cash and cash equivalents | 511,500 | 229 | ||
| Cash and cash equivalents at beginning of period | 499 | 270 | ||
| Cash and cash equivalents at end of period | $511,999 | $499 | ||
| Supplemental disclosure of non-cash investing and financing activity | ||||
| Proceeds received from bitcoin loan | $ | - | $578 | |
| Proceeds of bitcoin loan in BTC | $ | - | $578 | |
| Repayment of loan with digital assets | $374 | $ | - | |
| Purchase of equipment for loan payable | $1,035 | $ | - | |
| Purchase of equipment with BTC | $ | - | $340 | |
| Repossession of equipment to satisfy notes receivable | $ | - | $531 | |
| Payment of an accrued liability to a related party with equipment | $ | - | $49 | |
| Deemed dividend on Preferred A stock | $2,961 | $ | - | |
| Issuance of common stock to reduce related party debt | $796 | $ | - | |
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