BitMine Immersion Technologies (BitMine Immersion Technologies) Gross-Profit-to-Asset % : 15.78% (As of Feb. 2024)

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What is BitMine Immersion Technologies Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. BitMine Immersion Technologies's annualized Gross Profit for the quarter that ended in Feb. 2024 was $1.30 Mil. BitMine Immersion Technologies's average Total Assets over the quarter that ended in Feb. 2024 was $8.22 Mil. Therefore, BitMine Immersion Technologies's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 was 15.78%.

BitMine Immersion Technologies Gross-Profit-to-Asset % Historical Data

The historical data trend for BitMine Immersion Technologies's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Gross-Profit-to-Asset %

-1.62

2.74

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial				3.00	3.38	5.24	4.96	15.78

Competitive Comparison of BitMine Immersion Technologies's Gross-Profit-to-Asset %

For the Capital Markets subindustry, BitMine Immersion Technologies's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BitMine Immersion Technologies's Gross-Profit-to-Asset % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where BitMine Immersion Technologies's Gross-Profit-to-Asset % falls into.

BitMine Immersion Technologies Gross-Profit-to-Asset % Calculation

BitMine Immersion Technologies's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Aug. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Aug. 2023 )	/	( (Total Assets (A: Aug. 2022 )	+	Total Assets (A: Aug. 2023 ))	/ count )
	=	0.222	/	( (7.974	+	8.203)	/ 2 )
	=	0.222	/	8.0885
	=	2.74 %

BitMine Immersion Technologies's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	1.296	/	( (8.58	+	7.85)	/ 2 )
	=	1.296	/	8.215
	=	15.78 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Feb. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

BitMine Immersion Technologies Gross-Profit-to-Asset % 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 » Gross-Profit-to-Asset %

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.