Bitmine Immersion Technologies Inc
Bitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States. The company engages in hosting third-party equipment used in mining of digital asset coins and tokens, primarily Bitcoin, as well as the self-mining for its own account. It also sells mining equipment to customers and related parties. In addition, the company offers data centers, which… Read more
Bitmine Immersion Technologies Inc (BMNR) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of February 2025: -0.084x
Based on the latest financial reports, Bitmine Immersion Technologies Inc (BMNR) has a cash flow conversion efficiency ratio of -0.084x as of February 2025.
Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-240.63K) by net assets ($2.85 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Bitmine Immersion Technologies Inc - Cash Flow Conversion Efficiency Trend (2020–2024)
This chart illustrates how Bitmine Immersion Technologies Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Bitmine Immersion Technologies Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Bitmine Immersion Technologies Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Wanted Lab Inc.
KQ:376980
|
0.017x |
|
Coliseum Acquisition Corp. Class A Ordinary Share
NASDAQ:MITA
|
N/A |
|
Avicanna Inc
OTCQX:AVCNF
|
-0.072x |
|
Monami
KO:005360
|
0.010x |
|
GUILD ESPORTS PLC LS-001
F:GU0
|
N/A |
|
Compania Introductora de Buenos Aires SA
BA:INTR
|
-0.019x |
|
Aasen Sparebank
OL:AASB
|
0.017x |
|
ROK Resources Inc.
OTCQB:ROKRF
|
0.058x |
Annual Cash Flow Conversion Efficiency for Bitmine Immersion Technologies Inc (2020–2024)
The table below shows the annual cash flow conversion efficiency of Bitmine Immersion Technologies Inc from 2020 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-08-31 | $4.09 Million | $-28.75K | -0.007x | +94.56% |
| 2023-08-31 | $6.26 Million | $-809.72K | -0.129x | +41.19% |
| 2022-08-31 | $7.40 Million | $-1.63 Million | -0.220x | -3.90% |
| 2021-08-31 | $360.55K | $-76.36K | -0.212x | -13.45% |
| 2020-08-31 | $-50.08K | $9.35K | -0.187x | -- |