BitMine Immersion Technologies (BitMine Immersion Technologies) Accumulated Depreciation : $-0.93 Mil (As of Feb. 2024)

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What is BitMine Immersion Technologies Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

BitMine Immersion Technologies's quarterly accumulated depreciation increased from Aug. 2023 ($-0.47 Mil) to Nov. 2023 ($-0.69 Mil) and increased from Nov. 2023 ($-0.69 Mil) to Feb. 2024 ($-0.93 Mil).

BitMine Immersion Technologies's annual accumulated depreciation declined from . 20 ($0.00 Mil) to Aug. 2022 ($-0.00 Mil) but then increased from Aug. 2022 ($-0.00 Mil) to Aug. 2023 ($-0.47 Mil).

BitMine Immersion Technologies Accumulated Depreciation Historical Data

The historical data trend for BitMine Immersion Technologies's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BitMine Immersion Technologies Accumulated Depreciation Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Accumulated Depreciation

-0.47

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accumulated Depreciation	Get a 7-Day Free Trial				-0.15	-0.15	-0.47	-0.69	-0.93

BitMine Immersion Technologies Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

BitMine Immersion Technologies Accumulated Depreciation Related Terms

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BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (OTCPK:BMNR) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

N/A

Address

2030 Powers Ferry Road SE, Suite No. 212, Atlanta, GA, USA, 30339

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its own account as well as hosting third-party Bitcoin mining servers.