BitMine Immersion Technologies, Inc. announced the launch of its Bitcoin Treasury Advisory Practice. This new initiative aims to provide 'Mining as a Service' (MaaS) and consulting to corporate clients interested in Bitcoin-denominated revenue and treasury holdings.
The company simultaneously entered into a $4 million strategic transaction with a U.S. exchange-listed company. This agreement includes leasing 3,000 Bitcoin ASIC miners for $3.2 million through December 30, 2025, with $1.6 million paid upfront.
Additionally, the transaction features an $800,000 consulting agreement for one year, focusing on MaaS and Bitcoin Treasury Strategy. Management highlighted that this single transaction exceeds the company's entire fiscal year 2024 revenue, signaling a significant new revenue stream.
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