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BitMine Immersion (BMNR) Reports FY25 GAAP EPS of $13.39; 'Made-in-America Validator Network' Ethereum Staking to Commence in Early 2026; Declares Annual Dividend of $0.01, the first large-cap crypto company to pay a dividend
Prnewswire· 2025-11-21 13:30
Core Insights - BitMine Immersion Technologies reported a full year fiscal 2025 net income of $328,161,370 and a fully diluted EPS of $13.39 per share [1][4] - The company declared an annual dividend of $0.01 per BMNR share, marking it as the first large-cap crypto company to do so, reflecting its commitment to shareholder value [1][6] - BitMine plans to launch the Made-in-America Validator Network (MAVAN) for ETH staking in Q1 of 2026 [1][4] Financial Performance - Full year fiscal 2025 net income was $328,161,370 [1][4] - Fully diluted EPS for the same period was $13.39 per share [1][4] - The annual dividend of $0.01 per BMNR share was declared on November 21, 2025, with key dates including ex-dividend on December 5, record on December 8, and payable on December 29, 2025 [10] Staking Infrastructure - BitMine is set to launch MAVAN, a dedicated staking infrastructure, with operations expected to go live in the first quarter of 2026 [1][4] - The company has selected three top staking providers for a pilot program to test capabilities and monitor performance [5][6] - BitMine aims to build a premier destination for natively staked Ether, emphasizing quality and service in its staking operations [6] Market Position and Strategy - BitMine is supported by a group of prominent institutional investors, including ARK's Cathie Wood and Pantera, aiming to acquire 5% of ETH [1] - The company holds the largest ETH Treasury in the world, positioning itself strongly in the crypto market [4] - BitMine's Chairman, Thomas "Tom" Lee, expressed confidence in the company's strategy and its ability to recover from market downturns, citing historical trends of V-shaped recoveries in crypto prices [3][2]