BitMine Launches Bitcoin Treasury Advisory Practice and Enters into $4M Transaction with First BTC Treasury Advisory Client

Core Insights - BitMine Immersion Technologies, Inc. has launched a Bitcoin Treasury Advisory Practice and completed a $4 million strategic transaction with a U.S. exchange-listed company [1][2] - The company is offering "Mining as a Service" (MaaS) to its strategic partner and plans to extend this service to other companies holding Bitcoin [1][3] - The strategic agreement includes leasing 3,000 Bitcoin ASIC miners for$3.2 million, with $1.6 million paid upfront, and an additional$800,000 consulting agreement for one year [2][3] Company Overview - BitMine focuses on Bitcoin mining, Synthetic Bitcoin Mining, and providing advisory services to companies interested in Bitcoin-denominated revenues [5] - The company operates in low-cost energy regions, including Trinidad and Texas [5] Market Context - Nearly 100 public companies have adopted Bitcoin as a treasury holding, with expectations for this number to grow [4] - The CEO of BitMine highlighted that the current transaction exceeds the company's entire revenue for the 2024 fiscal year, indicating strong growth potential in the Bitcoin advisory market [4]