BitMine Immersion Technologies (BitMine Immersion Technologies) Total Assets : $7.85 Mil (As of Feb. 2024)

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What is BitMine Immersion Technologies Total Assets?

BitMine Immersion Technologies's Total Assets for the quarter that ended in Feb. 2024 was $7.85 Mil.

During the past 12 months, BitMine Immersion Technologies's average Total Assets Growth Rate was -2.90% per year.

Total Assets is connected with ROA %. BitMine Immersion Technologies's annualized ROA % for the quarter that ended in Feb. 2024 was -43.97%. Total Assets is also linked to Revenue through Asset Turnover. BitMine Immersion Technologies's Asset Turnover for the quarter that ended in Feb. 2024 was 0.11.

BitMine Immersion Technologies Total Assets Historical Data

The historical data trend for BitMine Immersion Technologies's Total Assets 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 Total Assets Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Total Assets

7.97

8.20

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial				8.14	8.43	8.20	8.58	7.85

BitMine Immersion Technologies Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

BitMine Immersion Technologies's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	6.257	+	1.945
	=	8.20

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

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	4.982	+	2.868
	=	7.85

BitMine Immersion Technologies (OTCPK:BMNR) Total Assets Explanation

Total Assets is connected with ROA %.

BitMine Immersion Technologies's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-3.612	/	( (8.58	+	7.85)	/ 2 )
	=	-3.612	/	8.215
	=	-43.97 %

Note: The Net Income data used here is four times the quarterly (Feb. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

BitMine Immersion Technologies's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0.892	/	( (8.58	+	7.85)	/ 2 )
=	0.892	/	8.215
=	0.11

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

BitMine Immersion Technologies Total Assets 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 » Total Assets

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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.