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Updated 3h ago
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Bitmine Immersion Technologies, Inc.NYSE:BMNR Stock Report

Market Cap US$15.1b
Updated 3h ago
Share Price
n/a
1Y-54.6%
7D0.2%
1D3.4%
Portfolio Value
​
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Bitmine Immersion Technologies, Inc.

NYSE:BMNR Stock Report

Market Cap: US$15.1b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Bitmine Immersion Technologies (BMNR) Stock Overview

Operates as a blockchain technology company primarily in the United States. More details

BMNR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Earnings are forecast to grow 103.32% per year

Risk Analysis

Shareholders have been substantially diluted in the past year

Has less than 1 year of cash runway

Volatile share price over the past 3 months compared to the US market


BMNR Community Fair Values

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US$
Current Price
US$25.03597.2% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-26b2b2016201920222025202620282031Revenue US$1.8bEarnings US$211.6m
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Bitmine Immersion Technologies, Inc. Competitors

IREN

Symbol: NasdaqGS:IREN
Market cap: US$17.3b

Aurora Innovation

Symbol: NasdaqGS:AUR
Market cap: US$12.9b

Hut 8

Symbol: NasdaqGS:HUT
Market cap: US$12.2b

Dynatrace

Symbol: NYSE:DT
Market cap: US$14.8b

Price History & Performance

Summary of share price highs, lows and changes for Bitmine Immersion Technologies
Historical stock prices
Current Share PriceUS$25.03
52 Week HighUS$65.60
52 Week LowUS$12.80
Beta1.35
1 Month Change38.44%
3 Month Change46.29%
1 Year Change-54.57%
3 Year Change78.79%
5 Year Change-73.65%
Change since IPO-99.90%

Recent News & Updates

Seeking Alpha • Sep 01

Bitmine Immersion: A Better Way To Play The Crypto Bull Market

Summary Bitmine Immersion Technologies offers asymmetric risk-reward as a digital asset treasury proxy, now trading at ~1.18x–1.20x P/B with downside cushioned by liquid assets. BMNR’s MAVAN staking infrastructure generates $367M–$390M+ in annualized pretax income at 87%–97% gross margins, supporting preferred dividends and share buybacks. With dilution largely behind, BMNR nears its 6M ETH accumulation target, positioning for NAV accretion and institutional inflows post-NYSE uplisting and Russell 1000 inclusion. I assign a buy rating to BMNR, targeting both NAV expansion and multiple re-ratings as crypto outperforms precious metals and institutional flows accelerate. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Sep 01

Bitmine Immersion: A Better Way To Play The Crypto Bull Market

Summary Bitmine Immersion Technologies offers asymmetric risk-reward as a digital asset treasury proxy, now trading at ~1.18x–1.20x P/B with downside cushioned by liquid assets. BMNR’s MAVAN staking infrastructure generates $367M–$390M+ in annualized pretax income at 87%–97% gross margins, supporting preferred dividends and share buybacks. With dilution largely behind, BMNR nears its 6M ETH accumulation target, positioning for NAV accretion and institutional inflows post-NYSE uplisting and Russell 1000 inclusion. I assign a buy rating to BMNR, targeting both NAV expansion and multiple re-ratings as crypto outperforms precious metals and institutional flows accelerate. Read the full article on Seeking Alpha
Analysis Article • Jun 21

Bitmine Immersion Technologies (BMNR) Stock Looks Cheap On P B But Rich On Cash Flow

Bitmine Immersion Technologies (BMNR) is back in focus after heavy cryptocurrency market liquidations, renewed debates over Ethereum funding, and mixed signals about how investors are valuing crypto-linked stocks with high short interest. See our latest analysis for Bitmine Immersion Technologies. At a share price of $16.14, Bitmine Immersion Technologies has a 1 day share price return of 2.8%. The 30 day and 90 day share price returns are down 14.5% and 24.1%, while the 1 year total...

Shareholder Returns

BMNRUS SoftwareUS Market
7D0.2%-2.1%-0.9%
1Y-54.6%-9.3%14.2%

Return vs Industry: BMNR underperformed the US Software industry which returned -9.3% over the past year.

Return vs Market: BMNR underperformed the US Market which returned 14.2% over the past year.

Price Volatility

Is BMNR's price volatile compared to industry and market?
BMNR volatility
BMNR Average Weekly Movement11.5%
Software Industry Average Movement9.2%
Market Average Movement6.9%
10% most volatile stocks in US Market15.3%
10% least volatile stocks in US Market2.9%

Stable Share Price: BMNR's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: BMNR's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20193Chi Tsangbitminetech.io

Bitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States. The company engages in ETH treasury operations; BTC ecosystem services, including consulting and advisory engagements and equipment leasing; facilitation and optimization of third-party power and hosting arrangements; and disciplined BTC treasury management while winding down proprietary self-mining exposure and deferring new site buildouts. It also offers digital asset ecosystem services, including consulting/advisory, and disciplined digital asset treasury management.

Bitmine Immersion Technologies, Inc. Fundamentals Summary

How do Bitmine Immersion Technologies's earnings and revenue compare to its market cap?
BMNR fundamental statistics
Market capUS$15.10b
Earnings (TTM)-US$8.77b
Revenue (TTM)US$61.20m
246.7x
P/S Ratio
-1.7x
P/E Ratio

Is BMNR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BMNR income statement (TTM)
RevenueUS$61.20m
Cost of RevenueUS$9.52m
Gross ProfitUS$51.67m
Other ExpensesUS$8.82b
Earnings-US$8.77b

Last Reported Earnings

May 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-14.54
Gross Margin84.44%
Net Profit Margin-14,334.84%
Debt/Equity Ratio0%

How did BMNR perform over the long term?

See historical performance and comparison

Dividends

0.04%
Current Dividend Yield
-0.0405%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 01:48
End of Day Share Price 2026/09/11 00:00
Earnings2026/05/31
Annual Earnings2025/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bitmine Immersion Technologies, Inc. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fedor ShabalinB. Riley Securities, Inc.
Brett KnoblauchCantor Fitzgerald & Co.
Gareth GacettaCantor Fitzgerald & Co.

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