BitMine

BitMine Immersion Technologies Inc., listed with the ticker BMNR, is a digital asset technology company headquartered in Las Vegas, Nevada. Incorporated in 2019 as Sandy Springs Holdings Inc., it rebranded to focus on blockchain innovation, particularly Bitcoin mining using advanced immersion cooling techniques. Its business model centers on providing Mining-as-a-Service platforms, enabling businesses to own or lease mining equipment while receiving direct Bitcoin payouts without managing operations. Core operations include hosting third-party mining hardware, self-mining Bitcoin, equipment sales, and delivering fully managed services such as site selection, fleet monitoring, and compliance reporting.

The company integrates Bitcoin into its treasury strategy, viewing it as a reserve asset to enhance shareholder value, hedge risks, and support strategic initiatives like borrowing or deployment. This approach emphasizes maximizing Bitcoin through efficient immersion mining and synthetic strategies. Beyond treasury management, BitMine pursues a broader digital asset strategy by offering advisory services for corporate Bitcoin adoption, encompassing security, custody solutions, regulatory compliance, risk management, and tailored treasury frameworks to facilitate seamless integration into business operations.

Led by CEO and Chairman Jonathan Bates, a finance veteran with experience at major institutions, and Director Michael Maloney, an expert in digital asset regulation, BitMine maintains a strong industry presence as a provider of institutional-grade mining and consulting services. Its focus on operational efficiency and financial expertise positions it as a key player in the blockchain sector. By advancing scalable Bitcoin infrastructure and corporate adoption tools, BitMine ensures long-term relevance in the evolving digital economy.