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New Monthly EV Sales Record to Kickstart 2024

There’s been a lot of doom-and-gloom forecasting in the electric vehicle (EV) markets.

High inflation, combined with a tough market for new vehicles and the still-unresolved issue of charging network coverage have all been cited as leading reasons as to why buyers are hitting the brakes on new EV purchases.

Major automakers like Ford and Audi announced late last year that EV sales weren’t meeting expectations. And they would be cutting production targets by as much as 50% for 2024.

And while it’s true that growth has been slowing down in the EV markets, it’s important to keep the frame of reference in mind: EV sales more than doubled in 2021, growing by nearly 120%. That kind of growth is simply unsustainable no matter how hot or important a market is.

global EV sales 2016-2023In 2022, EV sales grew by almost 60%. While this pace certainly slowed in 2023, last year still saw an astounding 35% increase in global electric car sales – growth strong enough to make Warren Buffett blush.

Simply put, this supposed slowdown in the EV markets has less to do with actual demand, and more to do with expectations having been set too high from previous years.

Pedal to the Metal for January EV Sales

This growth trend has been sustained well into the beginning of this year.

  • This January, over 1.1 million EVs were sold worldwide versus 660,000 sold in the same period last year, a new monthly global sales record.

That’s 69% year-over-year growth – significantly higher than the average for last year.

Here’s a breakdown of what growth looked like in each region:

regional EV sales 2024 January sales growthAs you can see, EV growth is still being predominantly led by China, which almost doubled its sales from the year previous. In 2023, China represented nearly 60% of all global electric vehicle sales. 

Thanks to a strong history of government subsidies and other financial incentives for their EV industry, EVs in China enjoy the highest market penetration rate of anywhere in the world.

By the end of last year, EVs accounted for an estimated one-sixth of the entire Chinese vehicle market.

On top of this, with a healthy marketplace filled with domestic manufacturers, the plethora of available options for EV buyers means that no single model of electric vehicle has a market share greater than 10%.

Compare that to the U.S., where Tesla’s Model Y accounted for just over one-third of all EVs sold last year, and the Model 3 another 20%.

  • Speaking of the U.S: in 2023, EV sales in the States grew by over 50%, and the domestic market saw 41% YoY growth in January.

This figure is slightly down from 2022’s EV sales growth rate of 65%. But it shows that even if growth is slowing down from the previous breakneck pace, it’s still very robust.

The Outlook for 2024 is Green

Global sales growth for EVs this year is forecast to end up roughly between the 25-30% mark. According to research firm Bloomberg NEF, EV sales in North America are projected to grow by 32%.

As for the other pain point of growing the domestic EV market, the charging network, growth is also looking solid.

Last month, the Biden Administration announced that funding had been secured for $623 million in grants to build more public chargers around urban and rural communities alike, as well as major travel corridors. This program is part of the Bipartisan Infrastructure Law, which has a total of $7.5 billion budgeted towards building out the nation’s network of EV chargers.

Since President Biden took office, the U.S. public charging network has grown by 75% to nearly 170,000 total public chargers. Additionally, the White House has committed to increasing that number to at least 500,000 chargers by 2030.

With nearly every aspect of the EV markets firing on all cylinders, 2024 should be another banner year for growth – even if it won’t be quite as high as it was back during 2021-2023.

The post New Monthly EV Sales Record to Kickstart 2024 appeared first on Carbon Credits.

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3 AI Companies To Watch in 2025 and How They Power the Net-Zero Revolution

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3 AI Companies To Watch in 2025 and How They Power the Net-Zero Revolution

As the race to reach net-zero intensifies, artificial intelligence (AI) has emerged as a powerful tool for combating climate change. AI is changing how we measure and reduce environmental damage. It helps decarbonize industries and verify carbon offset projects. Investors are now eyeing a new frontier where climate innovation meets digital intelligence.

In this article, we spotlight three rising companies using AI to drive real-world environmental impact: AECOM, Stem Inc., and Verdantix.

Why AI is The Brain Behind the Green Revolution

AI is not just a buzzword in climate circles anymore. It’s a key enabler in scaling up decarbonization, nature monitoring, and sustainability efforts. PwC says AI in climate actions might cut global greenhouse gas emissions by 4% by 2030. That’s about the same as the yearly emissions from Australia, Canada, and Japan together.

GHG emissions lower due to AI PwC
Source: PwC

Moreover, AI could create up to $5.2 trillion in global economic value. This is because it can make industries more efficient and sustainable.

AI supports both environmental stewardship and financial performance. AI helps companies meet demands from regulators and ESG-minded investors. It provides real-time insights and boosts transparency, as well as guides strategies to cut emissions. It also improves corporate accountability.

Here are four critical ways AI is accelerating climate action:

  • Carbon Accounting 

AI improves the accuracy and efficiency of emissions tracking across complex systems like global supply chains. It enables detailed Scope 1, 2, and especially Scope 3 data capture. Capgemini found that 48% of organizations already use AI to measure and reduce emissions.

  • Project Verification

Remote sensing, satellite images, and AI models can verify carbon offset projects. This includes reforestation and soil carbon storage. McKinsey says automated tools can lower verification costs by up to 80%. In turn, this helps build trust and cut down on greenwashing.

  • Climate Forecasting

AI models help governments and insurers simulate extreme weather risks. They also predict long-term climate impacts. Tools like Google’s DeepMind and ClimateGPT provide local forecasts. They also model risks for decades ahead.

  • Deforestation Monitoring

Machine learning algorithms scan satellite data to detect illegal logging or land degradation. For instance, Global Forest Watch uses AI to alert stakeholders quickly. This helps protect biodiversity and carbon sinks.

Notably, AI is speeding up climate innovation. The top AI companies below are using their power to excel in ESG performance, sustainability reporting, and environmental impact.

AECOM (NYSE: ACM): Engineering Smart Cities for a Hotter World

  • Sector: Engineering and Infrastructure
  • Market Cap: $15.3 billion
  • Headquarters: Dallas, Texas

AECOM is a global infrastructure consulting firm. They use AI and data analytics to design sustainable cities. Their goals are to reduce construction emissions and build climate-resilient systems. It works on major public and private projects worldwide and has become a key partner in developing net-zero urban environments.

Key initiatives include:

  • Uses AI to model and simulate infrastructure against flood, heat, and climate risks.
  • Launched ScopeX, a tool that reduces embodied carbon in construction projects by up to 50%.
  • Applies predictive analytics across transportation, water, and energy systems to lower lifecycle emissions.
  • Supports net-zero urban development through AI-enhanced planning and design.

Net-Zero and ESG Strategy

AECOM aims for net-zero emissions by 2040. This goal follows science-based targets and covers Scope 1, 2, and major Scope 3 categories. Between 2019 and 2022, it cut operational emissions by 37%, with a target of a 50% reduction by 2030. The company has a total emissions of 11,459 tCO2e as of 2024 reporting period.

Aecom net zero
Source: Aecom

The company helps clients reduce carbon emissions in their infrastructure through sustainable engineering practices. As part of its ESG strategy, the company aligns its disclosure with leading frameworks like TCFD, CDP, and SASB.

AECOM is also a signatory to the UN Global Compact and the Business Ambition for 1.5°C pledge.

As for its financial performance, AECOM generated $14.4 billion in revenue in FY2023 and recently announced a $1 billion stock buyback program. Its strong financials and ESG credentials position it as a reliable and future-ready investment.

Stem Inc. (NYSE: STEM): AI-Powered Batteries That Beat the Peak

  • Sector: Clean Energy & Battery Storage
  • Market Cap: $72 million
  • Headquarters: San Francisco, California

Stem Inc. operates one of the world’s most advanced AI-powered energy storage platforms. Its Athena™ software balances solar and battery usage to reduce emissions and grid congestion. AI-driven energy storage is key for stability and decarbonization as the grid adds more renewable energy.

Major efforts include:

  • Athena™ uses machine learning to optimize battery dispatch and avoid peak fossil fuel generation.
  • Helps large commercial users cut Scope 2 emissions by shifting to renewable energy at strategic times.
  • Partners with solar developers to provide grid services at a lower carbon intensity.
  • Manages over 1.6 GWh of storage capacity across North America.

Sustainability and Impact

Though Stem hasn’t issued a formal net-zero pledge, its business model is strongly aligned with emissions reduction. Its systems help clients dodge carbon-heavy electricity during peak times. They also speed up clean energy use.

In its latest sustainability update, the company highlighted plans to track Scope 3 emissions. It also aims to improve lifecycle transparency. The image below shows the company’s recently available GHG emissions, broken per category or emissions source. 

Stem Inc GHG emissions
Source: Stem Inc.

Athena’s AI capabilities also allow customers to integrate ESG goals into energy decisions, such as prioritizing low-carbon sources or optimizing for emissions reductions.

The company has over 16,000 customers around the world. It manages storage assets at more than 1,000 sites and oversees solar assets at over 200,000 locations globally. Stem serves over 260 cities and partners with more than 40 utilities. This shows its wide reach and strong influence in clean energy.

Stem raised over $600 million through a SPAC merger and continues to grow through strategic partnerships. The company plans to achieve profitability with software-driven energy services. It will also scale its grid-interactive clean energy assets.

Verdantix: The ESG Whisperer for Climate Accountability

  • Sector: ESG Intelligence and Software
  • Type: Private Company
  • Headquarters: London, UK

Verdantix is a leading research and advisory firm helping organizations manage ESG risks and opportunities. Its AI-powered tools assist corporations in tracking, reporting, and improving sustainability performance. As regulations grow worldwide, Verdantix is emerging as a key player in ESG compliance and climate disclosures.

Below are some of the company’s clients from various industries:

Verdantix clients

The company’s research shows key market trends. The EHS services market is set to reach $63 billion. Also, the industrial asset management software market is expected to hit $17 billion by 2030.

Key initiatives in the space are:

  • Offers AI-based benchmarking tools to assess ESG maturity and climate risk exposure.
  • Uses natural language processing (NLP) to analyze climate disclosures and sustainability reports.
  • Helps clients align with global frameworks like TCFD, CSRD, and ISSB.
  • Advises Fortune 500 firms on net-zero planning, ESG strategy, and emissions tracking.

ESG and Environmental Contributions

Verdantix also does not have its own net-zero pledge. However, it helps boost ESG performance in many industries. Its software supports accurate measurement of Scope 1–3 emissions, scenario analysis, and sustainability KPI tracking. This is vital for clients aiming to meet science-based targets and prove real climate progress.

As more regulations make climate disclosures mandatory, Verdantix’s role in ensuring data quality and ESG transparency is expanding. It helps create stronger carbon markets by verifying environmental claims and providing reliable sustainability data.

Verdantix is growing rapidly across North America and Asia, with clients in finance, tech, and heavy industry. As climate rules get stricter, demand for its services will likely grow. This is especially true for multinational companies getting ready for the required ESG reports in the EU and the U.S.

Investor Takeaway: Why Climate + AI = Smart Money

As global markets aim for net-zero, AI and climate join forces. This mix offers a unique chance for impact, innovation, and investment. AI does accelerate climate solutions; it makes them smarter, more accurate, and scalable.

Each of the companies profiled in the article offers a distinct edge:

  • AECOM delivers reliable ESG-aligned growth by embedding AI in sustainable infrastructure.
  • Stem Inc. offers scalable climate impact through real-time clean energy optimization.
  • Verdantix ensures that ESG progress is measurable, verifiable, and aligned with compliance requirements.

Artificial intelligence is helping firms reduce their emissions, measure progress, and prepare for climate risks. These companies stand out not just for their tech but for their ability to deliver measurable environmental and ESG outcomes.

For impact-driven investors, policymakers, and sustainability professionals, these are the companies to watch in 2025 and beyond. Their work shows that climate ambition, powered by digital intelligence, can drive real transformation across sectors and value chains.

The post 3 AI Companies To Watch in 2025 and How They Power the Net-Zero Revolution appeared first on Carbon Credits.

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ExxonMobil’s (XOM Stock) Wild Ride: Gas Discovery, $14M Pollution Fine, and Carbon Storage Push

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ExxonMobil’s (XOM Stock) Wild Ride: Gas Discovery, $14M Pollution Fine, and Carbon Storage Push

ExxonMobil (NYSE: XOM), one of the world’s largest oil and gas producers, is once again in the public eye. Last week brought big news for the oil major. There was a new gas find offshore in the Mediterranean. Moreover, a key legal ruling was issued regarding old refinery pollution in Texas. Adding to the headlines, the U.S. Environmental Protection Agency (EPA) has also proposed key carbon storage permits for the company’s growing low-carbon ventures.

These events show how ExxonMobil balances new energy projects with scrutiny over its environmental record. The gas company is feeling pressure from climate change demands. Its actions reveal both the opportunities and the challenges it faces in the evolving energy landscape.

Cyprus Gas Discovery Strengthens Global Portfolio

The first big development came from the Eastern Mediterranean. On July 7, ExxonMobil and QatarEnergy announced they had found a large natural gas reservoir off the coast of Cyprus. The find, located at the Pegasus-1 well in Block 10, revealed more than 350 meters of gas-bearing rock at a depth of about 1.9 kilometers.

This is the second major find for ExxonMobil in Cypriot waters, following the Glaucus-1 discovery in 2019. These discoveries are big wins for Europe. The region wants to find new natural gas sources and lessen its reliance on Russian energy.

The Eastern Mediterranean is becoming a key energy hub. Pegasus-1 adds important reserves to ExxonMobil’s global gas portfolio. It could help boost liquefied natural gas (LNG) exports. This would supply cleaner fuels in areas trying to move away from coal.

Pollution Comes at a Price: Baytown Fine Stands After Supreme Court Snub

The same day ExxonMobil celebrated its discovery off Cyprus, it also faced a legal setback at home. The U.S. Supreme Court chose not to review a lower court’s decision. That ruling upheld a $14.25 million civil penalty for long-term air pollution violations at the Baytown refinery complex in Texas.

Environment Texas and the Sierra Club filed a case against the company. They claimed it broke the Clean Air Act by releasing harmful pollutants like nitrogen oxides and sulfur dioxide for years. These emissions can contribute to respiratory issues, smog, and other environmental harm.

This decision ends a decade-long legal battle and marks one of the largest citizen-led environmental fines under the said law. It also highlights growing public and legal accountability for emissions from major energy facilities.

EPA Backs Exxon’s Texas Carbon Storage Ambitions

Amid legal challenges, ExxonMobil continues to invest in low-carbon technology. The Environmental Protection Agency (EPA) has proposed three Class VI carbon storage permits for ExxonMobil’s Low Carbon Solutions Onshore Storage LLC. This move could shape the company’s future in climate solutions in Jefferson County, Texas.

ExxonMobil CCS Rose project
Source: U.S. EPA

These permits back ExxonMobil’s “Rose” project seen in the map above. It’s a carbon capture and storage (CCS) site. The project aims to inject up to 5 million metric tons of CO₂ each year into deep underground rock formations.

The EPA’s proposal opens a 30-day public comment period, with a virtual hearing scheduled for July 31, 2025. EPA officials say early reviews show the project won’t risk underground drinking water. If approved, this would allow ExxonMobil to store CO₂ emissions from clean hydrogen and ammonia plants.

This CCS effort is part of a larger federal shift to expand carbon storage across the country. The EPA is also working to give permitting power to the Texas Railroad Commission. This puts Texas alongside states like Louisiana, North Dakota, and Wyoming. These states aim to speed up approvals for carbon storage projects.

CCS class VI well permits in US
Source: Carbon Capture Coalition

CCS is vital for hard-to-decarbonize sectors like steel and cement. According to a DNV report, global CCS investment could reach $80 billion by 2030, enabling the capture of 270 million tons of CO₂ per year—a major tool in the climate transition.

CCS capacity additions 2030
Source: DNV Report

Global CCS capacity is set to grow from 50 to over 550 million tonnes of CO₂ annually by 2030, says DNV. That’s equal to 6% of current energy-related emissions. North America and Europe will lead, backed by climate policies and funding. The U.S. offers $85/ton tax credits, while the EU supports CCS via its Innovation Fund and North Sea projects.

By investing in CCS, ExxonMobil aims to position itself as a leader in technologies that can reduce industrial emissions—key to meeting its long-term climate targets.

ExxonMobil’s Climate Strategy: Progress and Pressure

These three developments—exploration success, legal accountability, and carbon storage expansion—reflect ExxonMobil’s evolving role in the energy transition.

The oil major is advancing its climate strategy. The goal is to reach net-zero greenhouse gas emissions from its operated assets (Scope 1 and 2) by 2050. The company has laid out interim goals to cut upstream emissions intensity by 40–50%, methane by 70–80%, and flaring by 60–70% by 2030, based on 2016 levels.

ExxonMobil emission reduction plans
Source: ExxonMobil Report

In the Permian Basin, ExxonMobil targets net-zero emissions from its unconventional operations by 2030. The company has installed more than 6,000 low-emission pneumatic devices. It has also eliminated routine flaring, added electric compressors, and started using wind-sourced electricity.

ExxonMobil’s Low Carbon Solutions division will invest more than $20 billion by 2027. This funding will support technologies such as carbon capture, clean hydrogen, and biofuels. This includes the $5 billion acquisition of Denbury Inc., adding to its CO₂ pipeline and storage network.

ExxonMobil has captured over 120 million metric tons of CO₂. Right now, it captures about 9 million tons each year. This makes the company a leader in industrial carbon capture worldwide. Projects like the Baytown low-carbon hydrogen facility aim to capture 7 million metric tons of CO₂ annually.

The company also plans to produce 1 billion cubic feet per day of hydrogen and 1 million metric tons of ammonia using CO₂ capture technologies. Globally, ExxonMobil is involved in CCS and hydrogen projects in Europe, the U.S., and the Middle East.

In summary, here’s the company’s climate targets:

  • Cut Scope 1 and 2 emissions intensity from its oil and gas production by 40% to 50% by 2030 (vs. 2016 levels).
  • Achieve net-zero emissions from its operated assets (Scope 1 and 2) by 2050.
  • Invest $20 billion through 2027 in low-carbon projects globally.

Despite progress on Scope 1 and 2 goals, ExxonMobil has not set targets for Scope 3 emissions, which account for customer use of its products. This remains a point of pressure from environmental groups and ESG investors.

ExxonMobil GHG or carbon emissions 2024
Source: ExxonMobil Report

ExxonMobil focuses on exploration and production. But it is also creating a new strategy to tackle emissions. This shift helps meet rules and investor expectations.

Can ExxonMobil Stay on Track Toward Net Zero?

ExxonMobil had a week of mixed headlines. This shows the clash between old fossil fuel practices and the needs of a climate-aware future. The company is working to expand its  carbon capture efforts and find new gas sources.

This reveals its plans for two things: keeping energy supplies strong now and creating lower-carbon resources for the future.

With this, ExxonMobil’s future will likely hinge on three key factors: growth, environmental responsibility, and investor pressure. As regulations tighten and clean energy competition rises, finding the right balance will be crucial.

The post ExxonMobil’s (XOM Stock) Wild Ride: Gas Discovery, $14M Pollution Fine, and Carbon Storage Push appeared first on Carbon Credits.

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BitMine Immersion Technologies (BMNR Stock): Can its $250M Ethereum Pivot and Green Crypto Mining Strategy Attract Investors?

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BitMine

U.S.-based BitMine Immersion Technologies, Inc. (NYSE American: BMNR), is rapidly transforming the world of Bitcoin and digital asset mining. By harnessing immersion cooling technology and targeting carbon neutrality, the next-gen bitcoin miner is setting new standards for efficiency, sustainability, and operational scale in the crypto sector.

With a recent surge in stock price and a $250 million capital raise, the company is drawing attention from both institutional and retail investors seeking exposure to the future of green blockchain infrastructure.

First, let’s take a peek at its operations

Inside BitMine’s Bitcoin Operations

BitMine Immersion Technologies has built a multi-faceted Bitcoin mining business designed for performance and scale. It operates four active mining sites. Two of these are located in Texas, selected for their robust energy infrastructure and access to low-cost power. The other two are in Trinidad & Tobago, where the company benefits from long-term energy contracts and high energy efficiency.

This strategic geographic mix helps BitMine maintain a balance between reliability, energy savings, and consistent uptime. Its operations include:

  • Immersion-cooled data centers fully owned by the company
  • Partnerships with air-cooled mining facilities
  • Active trading of Bitcoin mining hashrate
  • Direct Bitcoin mining and hashrate management
  • Offering Mining-as-a-Service (MaaS) solutions
  • Consulting services for Bitcoin treasury management

Why Immersion Cooling Sets BitMine Apart?

BitMine’s mining success is because of its immersion cooling. It’s a next-generation method that replaces traditional air cooling. Instead of relying on fans and air conditioners, it submerges its mining rigs in a special dielectric liquid. This fluid absorbs heat more efficiently, keeping equipment cooler and operating at peak performance.

This advanced approach offers several benefits:

  • Boosts Efficiency: Safely overclocks machines, increasing hashrate by 25–30%
  • Reduces Noise: Eliminates fans, creating near-silent operations
  • Lowers Costs: Cuts electricity usage by reducing the need for air cooling
  • Extends Hardware Life: Protects rigs from dust and overheating
  • Saves Space: Systems have a compact footprint and can be deployed in various environments
  • Improves PUE: Achieves power usage effectiveness as low as 1.05, meaning nearly all the energy goes into mining rather than cooling

What is Hashrate and Why Does It Matter?

Hashrate measures how much computing power miners use to validate Bitcoin transactions and secure the blockchain. It’s a key indicator of network strength and miner confidence.

Here’s a breakdown:

  • Unit of Measure: Hashrate is measured in hashes per second
  • Security Marker: A higher hashrate makes the network harder to attack
  • Reward System: Miners earn Bitcoin based on how much of the total network hashrate they contribute, usually via mining pools
  • Tradable Asset: Hashrate can be bought and sold, either through direct contracts or financial derivatives, letting miners hedge risk or speculate on future performance

Currently, the global bitcoin network runs at over 865 exahashes per second (EH/s)—one of the highest levels in history.

This technology is especially relevant as AI, data centers, and crypto mining all demand more power and generate more heat. As air cooling reaches its limits, immersion cooling positions BitMine as a leader in next-generation infrastructure.

BitMine Immersion Technologies: Sustainability and Low-Carbon Strategy

BitMine Immersion Technologies is also serious about protecting the environment. The company’s immersion cooling systems drastically cut energy consumption and reduce environmental impact. This shows they are investing capital in infrastructure upgrades aimed at cutting emissions and maximizing operational efficiency.

Research from the Bitcoin Policy Institute (BPI) highlights how bitcoin mining increasingly relies on renewable energy, turning surplus energy into a valuable resource. Using excess power from renewable sources like wind and solar helps stabilize grids and reduce energy waste, proving that it can contribute to carbon reduction rather than exacerbating emissions.

bitcoin mining energy

Here’s how immersion cooling is energy efficient

Immersion cooling is widely recognized as a greener alternative to traditional air cooling. This technique involves submerging mining hardware in a non-conductive dielectric fluid that quickly absorbs and dissipates heat. Thereby offering several sustainability advantages.

  • Lower Energy Use: Immersion systems eliminate the need for high-powered fans and large-scale air conditioning. This can reduce electricity consumption by up to 40%, shrinking overall energy costs and the company’s carbon footprint.
  • Reduced Emissions: Improved energy efficiency leads to fewer carbon emissions. For instance, a 1 MW mining facility using immersion cooling can produce around 30% less CO₂ annually than an equivalent air-cooled operation.
  • Longer Equipment Life: The consistent, lower temperatures reduce wear and tear on machines. This results in fewer hardware failures, less electronic waste, and fewer replacements, further cutting environmental impact.

BitMine Is Redefining Eco-Friendly Crypto Mining

BitMine Immersion Technologies is showing how high-performance mining can also be environmentally responsible. With an initial hosting capacity of 50 megawatts, the company is rapidly expanding across North America and the Caribbean, without losing sight of its commitment to sustainability.

Dual Revenue Model Powers Growth

It runs on a smart, dual-income model that supports both resilience and expansion. Key highlights of its portfolio are:

  • Mines Bitcoin for its own portfolio (self-mining)
  • Hosts mining equipment for other businesses
  • Leases and manages mining hardware, which helps reduce upfront costs and speeds up scaling

This approach gives Bitmine steady revenue, lowers risk, and allows it to adjust quickly to shifts in the crypto market. By partnering with leading ASIC equipment providers and locking in service contracts, the company ensures consistent payouts and flexibility.

BITMINE immersion technologies
Source: AI Invest

BMNR Stock Wins Big: Fuels Market Excitement

Investors have taken notice of BMNR stock’s momentum:

  • Stock Rally: On July 1, 2025, BMNR shares jumped more than 50% in one day, with trading volume doubling. Over the past year, the stock has surged over 400%, reflecting growing interest in clean crypto mining and immersion cooling.
  • Massive Funding Round: In June 2025, it raised $250 million to expand infrastructure, improve cybersecurity, and move closer to carbon neutrality.
  • Pivot to Ethereum: After an $18 million public offering and a large Bitcoin purchase, the company announced plans to invest the full $250 million in Ethereum. It aims to become one of the largest publicly listed ETH holders.

Jonathan Bates, CEO of BitMine, said in the press release that,

“The private placement will accelerate BitMine’s treasury holdings shortly after its first treasury purchase on June 9, 2025. FalconX, Kraken, and Galaxy Digital plan to partner with the Company to grow a world-class Ethereum treasury strategy alongside existing custody partners, BitGo and Fidelity Digital.”

Financial Performance: Fast Growth, High Risk

BitMine has grown rapidly, outpacing much of the market:

  • Revenue Surge: Over the past three years, revenue has climbed an average of 295%, compared to just 5.5% for the S&P 500. In its latest quarter, revenue jumped 70% year-over-year to $1.5 million.

However, it still presents a high-risk investment profile. The company is not yet profitable, with a net income margin of -77.8%, as it continues to prioritize rapid growth and infrastructure expansion over short-term earnings.

BitMine Immersion Technologies BMNR stock
Source: Yahoo Finance

According to experts, its valuation is also on the higher side, trading at a price-to-sales ratio of 14.4, well above the S&P 500 average of 3.1. This indicates strong investor expectations for future growth. Additionally, BMNR stock remains highly volatile, experiencing sharp fluctuations in price in recent months.

BitMine runs a lean team of just seven employees. As said before, it leases its mining equipment to enable fast scaling based on market demand. Strategic partnerships with ASIC brokers and service providers give it access to the latest technology and support steady revenue growth.

What’s Next for BitMine? Scaling Up Green Mining

With new funding secured, BitMine is gearing up to expand its hosting capacity well beyond the current 50 megawatts. The company also plans to deploy advanced cybersecurity systems and smart management tools.

It is actively working on launching additional facilities across North America and the Caribbean, adding hundreds of megawatts in capacity. At the same time, the company is focused on setting new industry benchmarks through its sustainable immersion-cooled mining systems.

These initiatives emerge at a time when ESG standards are gaining increasing importance to investors and regulators alike. As the push for cleaner blockchain practices continues, its unique model may well shape the future of green digital asset mining.

BitMine Immersion Technologies
Source: BitMine

Overall, Bitmine Immersion Technologies stands at the intersection of clean energy, financial innovation, and cutting-edge tech. Its use of immersion cooling makes crypto mining more efficient and environmentally friendly. With a bold carbon neutrality target, fast-growing revenues, and a flexible business model, Bitmine is well-positioned to lead the charge in sustainable blockchain mining.

The post BitMine Immersion Technologies (BMNR Stock): Can its $250M Ethereum Pivot and Green Crypto Mining Strategy Attract Investors? appeared first on Carbon Credits.

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