BitMine Immersion Technologies (BitMine Immersion Technologies) Capex-to-Revenue : -0.03 (As of Feb. 2024)

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What is BitMine Immersion Technologies Capex-to-Revenue?

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue.

BitMine Immersion Technologies's Capital Expenditure for the three months ended in Feb. 2024 was $0.02 Mil. Its Revenue for the three months ended in Feb. 2024 was $0.89 Mil.

Hence, BitMine Immersion Technologies's Capex-to-Revenue for the three months ended in Feb. 2024 was -0.03.

BitMine Immersion Technologies Capex-to-Revenue Historical Data

The historical data trend for BitMine Immersion Technologies's Capex-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BitMine Immersion Technologies Capex-to-Revenue Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Capex-to-Revenue

6.47

0.95

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Capex-to-Revenue	Get a 7-Day Free Trial				-	-	-	0.16	-0.03

Competitive Comparison of BitMine Immersion Technologies's Capex-to-Revenue

For the Capital Markets subindustry, BitMine Immersion Technologies's Capex-to-Revenue, along with its competitors' market caps and Capex-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BitMine Immersion Technologies's Capex-to-Revenue Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Capex-to-Revenue distribution charts can be found below:

* The bar in red indicates where BitMine Immersion Technologies's Capex-to-Revenue falls into.

BitMine Immersion Technologies Capex-to-Revenue Calculation

BitMine Immersion Technologies's Capex-to-Revenue for the fiscal year that ended in Aug. 2023 is calculated as

Capex-to-Revenue	=	- Capital Expenditure	/	Revenue
	=	- (-0.612)	/	0.645
	=	0.95

BitMine Immersion Technologies's Capex-to-Revenue for the quarter that ended in Feb. 2024 is calculated as

Capex-to-Revenue	=	- Capital Expenditure	/	Revenue
	=	- (0.022)	/	0.892
	=	-0.02

BitMine Immersion Technologies (OTCPK:BMNR) Capex-to-Revenue Explanation

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. The ratio shows how aggressively the company reinvests its revenue back into productive assets. However, a high ratio potentially indicates that the company has invested too much in innovation and infrastructure, taking up funds that could be used to boost productivity and increase revenue. Therefore, a high Capex to Revenue Ratio could be a positive or a negative sign depending on how effectively a company converts those investments into future earnings.

BitMine Immersion Technologies Capex-to-Revenue Related Terms

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BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (OTCPK:BMNR) » Definitions » Capex-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

2030 Powers Ferry Road SE, Suite No. 212, Atlanta, GA, USA, 30339

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its own account as well as hosting third-party Bitcoin mining servers.