Bitmine Immersion Technologies Inc

OTC:BMNR

Bitmine Immersion Technologies, Inc. engages in industrial scale digital asset mining, equipment sales, and hosting operations. The company is headquartered in Atlanta, Georgia. The company went IPO on 2021-05-26. The firm is engaged in building out industrial scale digital asset mining, equipment sales and hosting operations. Its primary business is hosting third-party equipment, which is used in mining of digital asset coins and tokens, specifically Bitcoin, as well as self-mining for its own account. The firm operates data centers using immersion cooling technology. The company also develops both hydroelectric and solar-backed projects in the United States and Canada. The company operates a digital asset mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve cryptographic algorithms in support of the Bitcoin blockchain in exchange for digital asset rewards. Its data centers provide power, racks, thermodynamic management (heat dissipation and airflow management), connectivity, security, as well as software.