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BMNR US​
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BMNR US​
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Bitmine Immersion Technologies, Inc.(BMNR US)

$18.45-0.794.11%Ext:$18.00-0.452.46%(Pre-Market · 11:59:17 UTC)
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Overview

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Bitmine Immersion Technologies, Inc.(BMNR US)

$18.45-0.794.11%Ext:$18.00-0.452.46%(Pre-Market · 11:59:17 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Bitmine Immersion Technologies, Inc. — Company Profile

Bitmine Immersion Technologies, Inc. is a blockchain technology company primarily operating in the United States. The company's activities include managing an Ethereum (ETH) treasury, and offering a range of services for the Bitcoin (BTC) ecosystem, such as consulting, advisory, and equipment leasing. It also assists in optimizing and securing third-party power and hosting solutions for its clients. A key part of its strategy involves disciplined Bitcoin (BTC) treasury management, alongside systematically reducing its proprietary self-mining operations and postponing the development of new operational sites. Beyond BTC, Bitmine provides broader digital asset ecosystem services, encompassing consulting, advisory, and diligent digital asset treasury management. Furthermore, the company sells mining hardware to its clients and affiliated entities. Established in 2019, Bitmine Immersion Technologies, Inc. is based in Las Vegas, Nevada, and was formerly known as Sandy Springs Holdings Inc.

Exchange
UN
CEO
Chi Tsang
Headquarters
Las Vegas, CT, US
IPO Date
Jun 5, 2025
Employees
3
Website
bitminetech.io

Key Metrics

Price
$26.27
Market Cap
$14.96B
Revenue (TTM)
$11.04M
Net Income (TTM)
$-3818413000.00
EPS (TTM)
-8.40
P/E (TTM)
-1.73
P/B (TTM)
1.52
Dividend Yield
2.79%
ROE (TTM)
-38.73%
ROA (TTM)
-38.59%
Operating Margin
-347.85%
Beta
4.02

Dividends

Last Dividend
$0.01
Last Yield
0.03%

Summary

Bitmine Immersion Technologies, Inc. is a blockchain technology company primarily operating in the United States. The company's activities include managing an Ethereum (ETH) treasury, and offering a range of services for the Bitcoin (BTC) ecosystem, such as consulting, advisory, and equipment leasing. It also assists in optimizing and securing third-party power and hosting solutions for its clients. A key part of its strategy involves disciplined Bitcoin (BTC) treasury management, alongside systematically reducing its proprietary self-mining operations and postponing the development of new operational sites. Beyond BTC, Bitmine provides broader digital asset ecosystem services, encompassing consulting, advisory, and diligent digital asset treasury management. Furthermore, the company sells mining hardware to its clients and affiliated entities. Established in 2019, Bitmine Immersion Technologies, Inc. is based in Las Vegas, Nevada, and was formerly known as Sandy Springs Holdings Inc.

Website
bitminetech.io
Location
Las Vegas, CT, US
Phone404 816 8240
Employees3
CEOChi Tsang
IPO DateJun 5, 2025

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(348)

Expand
  • 10-KFY 2026ended 31 Aug 202610 Nov
  • 8-KRegulation FD Disclosure9 Nov
  • DEFA14ADefinitive additional materials6 Nov
  • 8-KRegulation FD Disclosure2 Nov
  • Form 4Tsang Chi Keung26 Oct
  • 8-KRegulation FD Disclosure26 Oct
  • Form 4Sechan II Robert J23 Oct
  • Form 4Edgeworth Jason A23 Oct
  • Form 4Kim Young Kyu23 Oct
  • Form 4MALONEY MICHAEL STEPHEN23 Oct
  • Form 4Howe Olivia23 Oct
  • Form 4Love Lori23 Oct
  • 8-KRegulation FD Disclosure19 Oct
  • 8-KRegulation FD Disclosure13 Oct
  • 8-KRegulation FD Disclosure7 Oct
  • 8-KRegulation FD Disclosure5 Oct
  • 8-KRegulation FD Disclosure30 Sep
  • 8-KRegulation FD Disclosure28 Sep
  • 8-KRegulation FD Disclosure21 Sep
  • 8-KRegulation FD Disclosure14 Sep

News

  • Is Ethereum a Buy Below $2,000? We Asked 3 AI Models12 Nov
  • Bitmine Holds 6 Million Ethereum and Reports a $6.3 Billion Loss on Its Holdings. Could It Be Forced to Sell ETH?11 Nov
  • Ethereum Is at Its Weakest Against Bitcoin Since July. Is ETH or BTC the Better Crypto to Hold Through 2027?9 Nov
  • Cipher Digital and BitMine Fall 4% as Ethereum Slides in Crypto Sell-Off; Strategy Drops 3%9 Nov
  • Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.07 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.3 Billion9 Nov
  • Bitmine Owns 4.9% of All Ethereum. What Happens to ETH at 5%?5 Nov
  • Bitmine Immersion Technologies (BMNR) anuncia que sus tenencias de ETH alcanzan los 6,06 millones de tokens3 Nov
  • Bitmine Immersion Technologies (BMNR) maakt bekend dat zijn ETH-bezit 6,06 miljoen tokens bedraagt en dat de totale waarde van zijn cryptobezittingen, liquide middelen en verhandelbare effecten 14,5 miljard dollar bedraagt3 Nov
  • Bitmine Immersion Technologies (BMNR) annuncia che le proprie partecipazioni in ETH hanno raggiunto 6,06 milioni di token, mentre il valore complessivo di criptovalute, liquidità e titoli negoziabili ammonta a 14,5 miliardi di dollari3 Nov
  • Ethereum News: BlackRock’s ETF Has Shed $1.3 Billion of ETH in a Month. Can Ethereum Hold Its $2,170 Low?2 Nov
  • Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.06 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.5 Billion2 Nov
  • What Would Have to Happen for Ethereum to Reach $10,000 by 2030?1 Nov
  • $10,000 in Ethereum on January 1 Is Worth About $7,500 Today. What Would It Take to Get Even?28 Oct
  • A Wallet Tied to the Ethereum Foundation Sold $17.8 Million in ETH After a Year Without Moving. Should Holders Worry?28 Oct
  • What Would Have to Happen for Ethereum to Hit $5,000?27 Oct
  • Ethereum Price Prediction: Can ETH Get Back to $2,700 by the End of November?27 Oct
  • BitMine is closing in on owning 5% of all Ethereum.26 Oct
  • Ethereum Analysis: Could ETH Fall to $2,180 and Liquidate a $214 Million Whale?26 Oct
  • Ethereum News: BitMine Just Bought 10,452 ETH and Now Owns 4.95% of All Ethereum26 Oct
  • Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.05 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15 Billion26 Oct

Mentions in Filings

  • … erion” (“KxH”), with Kinetiq Research Pte. Ltd. (“Kinetiq”) and MAVAN Services Pty Ltd (“MAVAN”). While Pier Two Pty Ltd.(“Pier Two”) was an original validator counterparty with the Company, on March 25, 2026, <strong>Bitmine Immersion Technologies</strong> Inc. (“Bitmine”) acquired all of Pier Two’s shares and Pier Two now operates as part of Bitmine’s MAVAN staking platform. The Company earns HYPE as rewards and commission income from native staking by validati …
    HYPERION DEFI, INC.Bitmine Immersion Technologies, Inc.·10-Q - Quarterly report Q3·Q3 26·12 Nov
  • … n has historically been transparent about its treasury holdings (a small reserve generally disclosed at under 1% of supply) and has periodically sold ETH in measured amounts. Notable corporate holdings include <strong>BitMine Immersion Technologies</strong>, which holds more than 4.8 million ETH (approximately 3.9% of circulating supply). Validator-level concentration and staking-provider concentration are the primary structural concerns at the supply level; both …
    Cryptex Digital Market Cap ETFBitmine Immersion Technologies, Inc.·S-1/A - PRE-EFFECTIVE AMENDMENT NO. 7 TO FORM S-1·Q4 26·10 Nov
  • … PRICE ($) 1/2/2026 3/2/2026 5/1/2026 7/1/2026 9/1/2026 Top 10 Digital Asset Treasury Companies (Treasury Value, $ in M) RANK TICKER COMPANY COIN TREASURY VALUE 1 MSTR Strategy Inc Class A BTC $65,504.0 2 BMNR <strong>BitMine Immersion Technologies</strong> Inc ETH 13,841.4 3 PURR Hyperliquid Strategies, Inc HYPE 3,504.1 4 MTPLF Metaplanet Inc. BTC 3,396.7 5 XXI Twenty One Capital, Inc. BTC 3,359.1 6 ASST Strive, Inc. Class A BTC 3,351.2 7 SBET Sharplink, Inc. ET …
    Hyperliquid Strategies IncBitmine Immersion Technologies, Inc.·EX-99.2 - 8-K - Results of Operations and Financial Condition·Q2 27·5 Nov
  • Information About the Underlying Security. The Underlying Security is <strong>Bitmine Immersion Technologies, Inc.</strong> (Ticker: BMNR), which operates as a blockchain technology company primarily in the United States. This Prospectus relates only to the Shares offered hereby and is not a prospectus for common stock or other securities of the Underlying Security. Common stock of the Underlying Security are registered with the SEC. Information provided to or fi …
    Defiance ETFs Trust IBitmine Immersion Technologies, Inc.·485APOS - POST-EFFECTIVE AMENDMENT FILED PURSUANT TO SECURITIES ACT RULE 485(A)·Q4 26·3 Nov
  • In making these determinations, the Board considered all relationships between each such director and the Company, including Mr. Lee’s service as Executive Chairman of <strong>Bitmine Immersion Technologies, Inc.</strong>, which beneficially owns more than 5% of our common stock and, on March 11, 2026, entered into an investment commitment letter with the Company to purchase not less than $75,000,000 of common stock, and the loans made to Forever 8 by Mr. Jenning …
    Eightco Holdings Inc.Bitmine Immersion Technologies, Inc.·DEF 14A - Definitive proxy statement·Q4 26·27 Oct
  • … LOGY GROUP HOLDING LTD, SPACE EXPLORATION TECHNOLOGIES CORP., NVIDIA CORPORATION, BROADCOM INC., ANTHROPIC PBC, OPENAI GROUP PBC, ADVANCED MICRO DEVICES, INC., TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED, STRATEGY INC, COINBASE GLOBAL, INC., <strong>BITMINE IMMERSION TECHNOLOGIES, INC.</strong>, IREN LIMITED, THE ZCASH ETF, GRAYSCALE INVESTMENTS SPONSORS, LLC, WINKLEVOSS ZCASH ETF, WINKLEVOSS ASSET SERVICES, OR CYPHERPUNK TECHNOLOGIES INC. Swap Agreements
    ETF Opportunities TrustBitmine Immersion Technologies, Inc.·485APOS - Post-effective amendment (open-end investment companies)·Q1 27·26 Oct

Key Stats

Trading

Px/Chg 1D$26.27 / -1.72%
Prev Close$24.97
% of 52Wk H37.76%
Avg Volume41.08M
Beta4.02
Mkt Cap14.96B
FD Mkt Cap14.11B

Float

Shrs Out/Float569.58M / 529.62M
Short Float0.09%
Days to Cover1.10
Stock Repurchased$0.00

Current Valuation

EV14.08B
EV/EBITDA-3.92
EV/Sales842.84
P/B1.52
P/S895.40
FCF Yield-0.59%
ROE-38.73%
ROA-38.59%
Current Ratio54.19

Dividend

Cash$0.01
Yield2.79%
Yield (TTM)2.79%

Estimates

P/E-1.73
Est P/E0.00
Est EPS0.18
Est PEG0.00

Valuation

Metric5Yr AvgJan '23Jan '24Jan '25Jan '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-707.45-1,504.83-1,592.21-454.4718.25-4.01
Price / Sales3,963.127,055.786,081.84452.024,839.301,386.67
Price / Book Value427.98407.54627.18366.04737.571.55
Price / Free Cash Flow-3,778.08-686.34-2,759.82-14,293.64-977.09-173.50
ENTERPRISE VALUE METRICS
Enterprise Value5,856.63,017.13,925.51,497.56,411.014,432.0
Enterprise Value / Sales3,947.347,054.866,083.43452.364,838.911,307.13
Enterprise Value / EBITDA-907.07-1,763.32-2,069.72-712.9614.44-3.78
Enterprise Value / EBIT-780.57-1,760.11-1,658.19-495.2114.45-3.78

Financials

Full Financials
Millions USD5Yr CAGR (%)Aug '21Aug '22Aug '23Aug '24Aug '25
INCOME STATEMENT
Revenue—-0.40.63.36.1
Gross Income—--0.10.20.80.3
EBITDA—--1.7-1.9-2.1441.9
EBIT—-0.1-1.7-2.4-3.0441.1
Net Income—-0.2-2.0-2.5-3.3348.6
EPS (Diluted)—-0.00-0.01-0.01-0.011.34
BALANCE SHEET
Cash & ST Inv23.7%0.20.40.30.50.5
Total Assets92.1%0.68.08.27.38.8
Total Liabilities335%0.30.61.93.2102.3
Total Shareholder Equity121.6%0.47.46.34.18.7
CASH FLOW
Net Operating Cash Flow171.5%-0.1-1.6-0.8-0.0-4.1
Cap Ex25.6%-0.4-2.8-0.6-0.1-1.1
Free Cash Flow79.4%-0.5-4.4-1.4-0.1-5.2

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)17.71
Basic Shares569.58
Market Cap10,087.2
Diluted Shares551.79
Fully Diluted Shares Outstanding551.79
Fully Diluted Market Cap9,772.2
+Consolidated Debt1.2
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-340.3
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest0.5
+Pension Liabilities—
Enterprise Value9,748.7

Segment data

Revenue

by Products and services

  • Hosting Revenue92%
  • Revenue From Sale Of Mining Equipment7%
  • Hosting Services1%

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Bitmine Immersion Technologies, Inc. — Company Profile

Bitmine Immersion Technologies, Inc. is a blockchain technology company primarily operating in the United States. The company's activities include managing an Ethereum (ETH) treasury, and offering a range of services for the Bitcoin (BTC) ecosystem, such as consulting, advisory, and equipment leasing. It also assists in optimizing and securing third-party power and hosting solutions for its clients. A key part of its strategy involves disciplined Bitcoin (BTC) treasury management, alongside systematically reducing its proprietary self-mining operations and postponing the development of new operational sites. Beyond BTC, Bitmine provides broader digital asset ecosystem services, encompassing consulting, advisory, and diligent digital asset treasury management. Furthermore, the company sells mining hardware to its clients and affiliated entities. Established in 2019, Bitmine Immersion Technologies, Inc. is based in Las Vegas, Nevada, and was formerly known as Sandy Springs Holdings Inc.

Exchange
UN
CEO
Chi Tsang
Headquarters
Las Vegas, CT, US
IPO Date
Jun 5, 2025
Employees
3
Website
bitminetech.io

Key Metrics

Price
$26.27
Market Cap
$14.96B
Revenue (TTM)
$11.04M
Net Income (TTM)
$-3818413000.00
EPS (TTM)
-8.40
P/E (TTM)
-1.73
P/B (TTM)
1.52
Dividend Yield
2.79%
ROE (TTM)
-38.73%
ROA (TTM)
-38.59%
Operating Margin
-347.85%
Beta
4.02

Dividends

Last Dividend
$0.01
Last Yield
0.03%

Summary

Bitmine Immersion Technologies, Inc. is a blockchain technology company primarily operating in the United States. The company's activities include managing an Ethereum (ETH) treasury, and offering a range of services for the Bitcoin (BTC) ecosystem, such as consulting, advisory, and equipment leasing. It also assists in optimizing and securing third-party power and hosting solutions for its clients. A key part of its strategy involves disciplined Bitcoin (BTC) treasury management, alongside systematically reducing its proprietary self-mining operations and postponing the development of new operational sites. Beyond BTC, Bitmine provides broader digital asset ecosystem services, encompassing consulting, advisory, and diligent digital asset treasury management. Furthermore, the company sells mining hardware to its clients and affiliated entities. Established in 2019, Bitmine Immersion Technologies, Inc. is based in Las Vegas, Nevada, and was formerly known as Sandy Springs Holdings Inc.

Website
bitminetech.io
Location
Las Vegas, CT, US
Phone404 816 8240
Employees3
CEOChi Tsang
IPO DateJun 5, 2025

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(348)

Expand
  • 10-KFY 2026ended 31 Aug 202610 Nov
  • 8-KRegulation FD Disclosure9 Nov
  • DEFA14ADefinitive additional materials6 Nov
  • 8-KRegulation FD Disclosure2 Nov
  • Form 4Tsang Chi Keung26 Oct
  • 8-KRegulation FD Disclosure26 Oct
  • Form 4Sechan II Robert J23 Oct
  • Form 4Edgeworth Jason A23 Oct
  • Form 4Kim Young Kyu23 Oct
  • Form 4MALONEY MICHAEL STEPHEN23 Oct
  • Form 4Howe Olivia23 Oct
  • Form 4Love Lori23 Oct
  • 8-KRegulation FD Disclosure19 Oct
  • 8-KRegulation FD Disclosure13 Oct
  • 8-KRegulation FD Disclosure7 Oct
  • 8-KRegulation FD Disclosure5 Oct
  • 8-KRegulation FD Disclosure30 Sep
  • 8-KRegulation FD Disclosure28 Sep
  • 8-KRegulation FD Disclosure21 Sep
  • 8-KRegulation FD Disclosure14 Sep

News

  • Is Ethereum a Buy Below $2,000? We Asked 3 AI Models12 Nov
  • Bitmine Holds 6 Million Ethereum and Reports a $6.3 Billion Loss on Its Holdings. Could It Be Forced to Sell ETH?11 Nov
  • Ethereum Is at Its Weakest Against Bitcoin Since July. Is ETH or BTC the Better Crypto to Hold Through 2027?9 Nov
  • Cipher Digital and BitMine Fall 4% as Ethereum Slides in Crypto Sell-Off; Strategy Drops 3%9 Nov
  • Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.07 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.3 Billion9 Nov
  • Bitmine Owns 4.9% of All Ethereum. What Happens to ETH at 5%?5 Nov
  • Bitmine Immersion Technologies (BMNR) anuncia que sus tenencias de ETH alcanzan los 6,06 millones de tokens3 Nov
  • Bitmine Immersion Technologies (BMNR) maakt bekend dat zijn ETH-bezit 6,06 miljoen tokens bedraagt en dat de totale waarde van zijn cryptobezittingen, liquide middelen en verhandelbare effecten 14,5 miljard dollar bedraagt3 Nov
  • Bitmine Immersion Technologies (BMNR) annuncia che le proprie partecipazioni in ETH hanno raggiunto 6,06 milioni di token, mentre il valore complessivo di criptovalute, liquidità e titoli negoziabili ammonta a 14,5 miliardi di dollari3 Nov
  • Ethereum News: BlackRock’s ETF Has Shed $1.3 Billion of ETH in a Month. Can Ethereum Hold Its $2,170 Low?2 Nov
  • Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.06 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $14.5 Billion2 Nov
  • What Would Have to Happen for Ethereum to Reach $10,000 by 2030?1 Nov
  • $10,000 in Ethereum on January 1 Is Worth About $7,500 Today. What Would It Take to Get Even?28 Oct
  • A Wallet Tied to the Ethereum Foundation Sold $17.8 Million in ETH After a Year Without Moving. Should Holders Worry?28 Oct
  • What Would Have to Happen for Ethereum to Hit $5,000?27 Oct
  • Ethereum Price Prediction: Can ETH Get Back to $2,700 by the End of November?27 Oct
  • BitMine is closing in on owning 5% of all Ethereum.26 Oct
  • Ethereum Analysis: Could ETH Fall to $2,180 and Liquidate a $214 Million Whale?26 Oct
  • Ethereum News: BitMine Just Bought 10,452 ETH and Now Owns 4.95% of All Ethereum26 Oct
  • Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.05 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15 Billion26 Oct

Mentions in Filings

  • … erion” (“KxH”), with Kinetiq Research Pte. Ltd. (“Kinetiq”) and MAVAN Services Pty Ltd (“MAVAN”). While Pier Two Pty Ltd.(“Pier Two”) was an original validator counterparty with the Company, on March 25, 2026, <strong>Bitmine Immersion Technologies</strong> Inc. (“Bitmine”) acquired all of Pier Two’s shares and Pier Two now operates as part of Bitmine’s MAVAN staking platform. The Company earns HYPE as rewards and commission income from native staking by validati …
    HYPERION DEFI, INC.Bitmine Immersion Technologies, Inc.·10-Q - Quarterly report Q3·Q3 26·12 Nov
  • … n has historically been transparent about its treasury holdings (a small reserve generally disclosed at under 1% of supply) and has periodically sold ETH in measured amounts. Notable corporate holdings include <strong>BitMine Immersion Technologies</strong>, which holds more than 4.8 million ETH (approximately 3.9% of circulating supply). Validator-level concentration and staking-provider concentration are the primary structural concerns at the supply level; both …
    Cryptex Digital Market Cap ETFBitmine Immersion Technologies, Inc.·S-1/A - PRE-EFFECTIVE AMENDMENT NO. 7 TO FORM S-1·Q4 26·10 Nov
  • … PRICE ($) 1/2/2026 3/2/2026 5/1/2026 7/1/2026 9/1/2026 Top 10 Digital Asset Treasury Companies (Treasury Value, $ in M) RANK TICKER COMPANY COIN TREASURY VALUE 1 MSTR Strategy Inc Class A BTC $65,504.0 2 BMNR <strong>BitMine Immersion Technologies</strong> Inc ETH 13,841.4 3 PURR Hyperliquid Strategies, Inc HYPE 3,504.1 4 MTPLF Metaplanet Inc. BTC 3,396.7 5 XXI Twenty One Capital, Inc. BTC 3,359.1 6 ASST Strive, Inc. Class A BTC 3,351.2 7 SBET Sharplink, Inc. ET …
    Hyperliquid Strategies IncBitmine Immersion Technologies, Inc.·EX-99.2 - 8-K - Results of Operations and Financial Condition·Q2 27·5 Nov
  • Information About the Underlying Security. The Underlying Security is <strong>Bitmine Immersion Technologies, Inc.</strong> (Ticker: BMNR), which operates as a blockchain technology company primarily in the United States. This Prospectus relates only to the Shares offered hereby and is not a prospectus for common stock or other securities of the Underlying Security. Common stock of the Underlying Security are registered with the SEC. Information provided to or fi …
    Defiance ETFs Trust IBitmine Immersion Technologies, Inc.·485APOS - POST-EFFECTIVE AMENDMENT FILED PURSUANT TO SECURITIES ACT RULE 485(A)·Q4 26·3 Nov
  • In making these determinations, the Board considered all relationships between each such director and the Company, including Mr. Lee’s service as Executive Chairman of <strong>Bitmine Immersion Technologies, Inc.</strong>, which beneficially owns more than 5% of our common stock and, on March 11, 2026, entered into an investment commitment letter with the Company to purchase not less than $75,000,000 of common stock, and the loans made to Forever 8 by Mr. Jenning …
    Eightco Holdings Inc.Bitmine Immersion Technologies, Inc.·DEF 14A - Definitive proxy statement·Q4 26·27 Oct
  • … LOGY GROUP HOLDING LTD, SPACE EXPLORATION TECHNOLOGIES CORP., NVIDIA CORPORATION, BROADCOM INC., ANTHROPIC PBC, OPENAI GROUP PBC, ADVANCED MICRO DEVICES, INC., TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED, STRATEGY INC, COINBASE GLOBAL, INC., <strong>BITMINE IMMERSION TECHNOLOGIES, INC.</strong>, IREN LIMITED, THE ZCASH ETF, GRAYSCALE INVESTMENTS SPONSORS, LLC, WINKLEVOSS ZCASH ETF, WINKLEVOSS ASSET SERVICES, OR CYPHERPUNK TECHNOLOGIES INC. Swap Agreements
    ETF Opportunities TrustBitmine Immersion Technologies, Inc.·485APOS - Post-effective amendment (open-end investment companies)·Q1 27·26 Oct

Key Stats

Trading

Px/Chg 1D$26.27 / -1.72%
Prev Close$24.97
% of 52Wk H37.76%
Avg Volume41.08M
Beta4.02
Mkt Cap14.96B
FD Mkt Cap14.11B

Float

Shrs Out/Float569.58M / 529.62M
Short Float0.09%
Days to Cover1.10
Stock Repurchased$0.00

Current Valuation

EV14.08B
EV/EBITDA-3.92
EV/Sales842.84
P/B1.52
P/S895.40
FCF Yield-0.59%
ROE-38.73%
ROA-38.59%
Current Ratio54.19

Dividend

Cash$0.01
Yield2.79%
Yield (TTM)2.79%

Estimates

P/E-1.73
Est P/E0.00
Est EPS0.18
Est PEG0.00

Valuation

Metric5Yr AvgJan '23Jan '24Jan '25Jan '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-707.45-1,504.83-1,592.21-454.4718.25-4.01
Price / Sales3,963.127,055.786,081.84452.024,839.301,386.67
Price / Book Value427.98407.54627.18366.04737.571.55
Price / Free Cash Flow-3,778.08-686.34-2,759.82-14,293.64-977.09-173.50
ENTERPRISE VALUE METRICS
Enterprise Value5,856.63,017.13,925.51,497.56,411.014,432.0
Enterprise Value / Sales3,947.347,054.866,083.43452.364,838.911,307.13
Enterprise Value / EBITDA-907.07-1,763.32-2,069.72-712.9614.44-3.78
Enterprise Value / EBIT-780.57-1,760.11-1,658.19-495.2114.45-3.78

Financials

Full Financials
Millions USD5Yr CAGR (%)Aug '21Aug '22Aug '23Aug '24Aug '25
INCOME STATEMENT
Revenue—-0.40.63.36.1
Gross Income—--0.10.20.80.3
EBITDA—--1.7-1.9-2.1441.9
EBIT—-0.1-1.7-2.4-3.0441.1
Net Income—-0.2-2.0-2.5-3.3348.6
EPS (Diluted)—-0.00-0.01-0.01-0.011.34
BALANCE SHEET
Cash & ST Inv23.7%0.20.40.30.50.5
Total Assets92.1%0.68.08.27.38.8
Total Liabilities335%0.30.61.93.2102.3
Total Shareholder Equity121.6%0.47.46.34.18.7
CASH FLOW
Net Operating Cash Flow171.5%-0.1-1.6-0.8-0.0-4.1
Cap Ex25.6%-0.4-2.8-0.6-0.1-1.1
Free Cash Flow79.4%-0.5-4.4-1.4-0.1-5.2

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)17.71
Basic Shares569.58
Market Cap10,087.2
Diluted Shares551.79
Fully Diluted Shares Outstanding551.79
Fully Diluted Market Cap9,772.2
+Consolidated Debt1.2
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-340.3
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest0.5
+Pension Liabilities—
Enterprise Value9,748.7

Segment data

Revenue

by Products and services

  • Hosting Revenue92%
  • Revenue From Sale Of Mining Equipment7%
  • Hosting Services1%

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