BitMine Immersion Technologies (BitMine Immersion Technologies) Retained Earnings : $-6.76 Mil (As of Feb. 2024)

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What is BitMine Immersion Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BitMine Immersion Technologies's retained earnings for the quarter that ended in Feb. 2024 was $-6.76 Mil.

BitMine Immersion Technologies's quarterly retained earnings declined from Aug. 2023 ($-4.93 Mil) to Nov. 2023 ($-5.86 Mil) and declined from Nov. 2023 ($-5.86 Mil) to Feb. 2024 ($-6.76 Mil).

BitMine Immersion Technologies's annual retained earnings increased from . 20 ($0.00 Mil) to Aug. 2022 ($-2.47 Mil) but then declined from Aug. 2022 ($-2.47 Mil) to Aug. 2023 ($-4.93 Mil).

BitMine Immersion Technologies Retained Earnings Historical Data

The historical data trend for BitMine Immersion Technologies's Retained Earnings 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 Retained Earnings Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Retained Earnings

-2.47

-4.93

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Retained Earnings	Get a 7-Day Free Trial				-3.25	-3.77	-4.93	-5.86	-6.76

BitMine Immersion Technologies Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

BitMine Immersion Technologies (OTCPK:BMNR) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

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

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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.