BitMine Immersion Technologies (BitMine Immersion Technologies) Interest Expense : $-0.22 Mil (TTM As of Feb. 2024)

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What is BitMine Immersion Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. BitMine Immersion Technologies's interest expense for the three months ended in Feb. 2024 was $ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-0.22 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. BitMine Immersion Technologies's Operating Income for the three months ended in Feb. 2024 was $ -0.73 Mil. BitMine Immersion Technologies's Interest Expense for the three months ended in Feb. 2024 was $ -0.05 Mil. BitMine Immersion Technologies did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

BitMine Immersion Technologies Interest Expense Historical Data

The historical data trend for BitMine Immersion Technologies's Interest Expense 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 Interest Expense Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Interest Expense

-0.29

-0.10

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial				-0.02	-0.03	-0.04	-0.10	-0.05

BitMine Immersion Technologies Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.22 Mil.

BitMine Immersion Technologies (OTCPK:BMNR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

BitMine Immersion Technologies's Interest Expense for the three months ended in Feb. 2024 was $-0.05 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-0.73 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $0.00 Mil.

BitMine Immersion Technologies's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

BitMine Immersion Technologies did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

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

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Traded in Other Exchanges

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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.