Bitmine Immersion Technologies, Inc. reports results for the third quarter and nine months ended May 31, 2023

Bitmine Immersion Technologies, Inc. reported results for the third quarter and nine months ended May 31, 2023. For the third quarter, the company reported revenue of $0.128479 million, down from $0.016567 million a year earlier. Revenue was $0.142126 million compared to $0.016567 million in the prior year. Net loss was $0.523704 million compared to $0.486912 million in the prior year. Basic loss per share from continuing operations was $0.01 compared to $0.01 a year ago. Diluted loss per share from continuing operations was $0.01 compared to $0.01 a year ago.
For the nine months, revenue was $0.261921 million compared to $0.021141 million a year earlier. Revenue was $0.399932 million compared to $0.365841 million a year ago. Net loss was $1.3 million compared to $1.31 million last year. Basic loss per share from continuing operations was $0.03 compared to $0.03 a year ago. Diluted loss per share from continuing operations was $0.03 compared to $0.03 a year ago.

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