Logo
  • Home
  • AI Agent
  • Annotations
  • Watchlists
  • Files
  • Pricing and plans
  • BlogAboutContact us
    APIMCP
    Terms of servicePrivacy policy

  • Get the full experience

    We save the real magic for signed-in users.

Bitmine Immersion Technologies, Inc.(BMNR US)

$22.40-0.100.44%Ext:$22.58+0.180.80%(Market Closed · 00:00:00 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees
Logo
BMNR US​

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.

Latest Documents

SEC Filings(342)

Expand
  • 4Statement of changes in beneficial ownership23 Oct
  • 4Statement of changes in beneficial ownership23 Oct
  • 4Statement of changes in beneficial ownership23 Oct
  • 4Statement of changes in beneficial ownership23 Oct
  • 4Statement of changes in beneficial ownership23 Oct
  • 4Statement of changes in beneficial ownership23 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
  • 8-KTermination of a Material Definitive Agreement8 Sep
  • 8-KRegulation FD Disclosure31 Aug
  • 8-KRegulation FD Disclosure24 Aug
  • 8-KRegulation FD Disclosure17 Aug
  • 8-KRegulation FD Disclosure14 Aug
  • 8-KRegulation FD Disclosure10 Aug

News

  • Ethereum Price Analysis: Can ETH Hold $2,300 Support After a 12% Monthly Drop?22 Oct
  • BitMine Stock Jumps as Bitcoin Rises, Prediction Markets Launch21 Oct
  • Ethereum’s Staking Yield Just Fell to 2.6%. Is Staking ETH Still Worth It?21 Oct
  • Why Is Bitmine Stock Surging on Tuesday?20 Oct
  • SkyAI Sold Its Entire Solana Treasury as Bitmine Topped 6 Million ETH. Which Coin Is the Better Buy?20 Oct
  • Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.04 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $15.1 Billion19 Oct
  • AI Price Prediction: We Asked ChatGPT Where Ethereum Could Trade by the End of 2026 After Its Biggest Buyer Stops.14 Oct
  • Ethereum’s Biggest Buyer Is About Six Weeks From Done, and the ETFs Have Sold for Nine Straight Days. Who Buys Ethereum After BitMine?13 Oct
  • Tom Lee Says Ethereum’s Years-Long Slide Against Bitcoin Is Ending. Ethereum Lost Another 4.6% to Bitcoin in a Week.13 Oct
  • Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.03 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $16.2 Billion12 Oct
  • Why Is Ethereum Stuck Below $2,500 in 2026?11 Oct
  • BitMine Approaches Its ETH Purchase Limit: Who Will Buy Ethereum Next?9 Oct
  • Bitmine Stock Pullback Creates Prime Entry Point for Bulls9 Oct
  • Tom Lee’s BitMine Owns 4.9% of All Ethereum. What Happens When It Hits 5%?8 Oct
  • Wall Street’s Funds Now Hold More Bitcoin Than Satoshi. Did the ETFs Rescue Bitcoin or Capture It?8 Oct
  • Bitmine Falls 7% as Tom Lee Says the Ethereum Buying Spree Is About to End; Sharplink and Strategy Drop 5%7 Oct
  • Bitmine Immersion Technologies (BMNR) annuncia che le partecipazioni in ETH hanno raggiunto 6,02 milioni di token e che il valore complessivo delle disponibilità in criptovalute, liquidità e titoli negoziabili ammonta a 17,4 miliardi di dollari6 Oct
  • Bitmine Immersion Technologies anuncia que sus tenencias de ETH llegan a 6,02 millones de tokens5 Oct
  • Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.02 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $17.4 Billion5 Oct
  • Tom Lee's Crypto Bull Case Gets an AI Twist as BitMine Stock Flashes a Golden Cross1 Oct

Mentions in Filings

  • … venue mechanics) and equity-linked arrangements, making this a material customer relationship with strategic financing implications. •Bitmine Agreement. Blockfusion entered into a colocation agreement with <strong>Bitmine Immersion Technologies, Inc.</strong> (“Bitmine”) on December 9, 2025. Under this agreement, Bitmine can utilize up to 9 MW of Blockfusion’s hosting capacity. This agreement runs until December 31, 2026 and afterwards automatically renews month …
    Blue Acquisition Corp/CaymanBitmine Immersion Technologies, Inc.·DEFM14A - Definitive proxy statement (merger)·Q4 26·23 Oct
  • … 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. 6 TO FORM S-1·Q4 26·23 Oct
  • 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.·PRE 14A - Preliminary proxy statement·Q4 26·16 Oct
  • … 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. 5 TO FORM S-1·Q3 26·30 Sep
  • … position as the largest public holder of WLD and the Proof of Human protocol, and the creator economy through its equity stake in MrBeast’s Beast Industries. Backed by leading institutional investors including <strong>Bitmine Immersion Technologies</strong> Inc. (NYSE: BMNR), MOZAYYX, World Foundation, Discovery Capital Management, FalconX, Payward/Kraken, Pantera, and GSR, Eightco is building the infrastructure layer for human verification in the agentic AI era. …
    Eightco Holdings Inc.Bitmine Immersion Technologies, Inc.·EX-99.1 - 8-K - Regulation FD Disclosure·Q3 26·17 Sep
  • … 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. 4 TO FORM S-1·Q3 26·11 Sep

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/EN/A
Est EPSN/A
Est PEGN/A

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 USD23 Oct '26
Price (As of 23 Oct '26)22.39
Basic Shares569.58
Market Cap12,750.0
Diluted Shares454.62
Fully Diluted Shares Outstanding454.62
Fully Diluted Market Cap10,176.7
+Consolidated Debt1.3
−In-the-Money Convertible Debt—
+Capital Leases1.2
+Operating Leases—
−Cash & Equivalents-879.6
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value11,871.7

Segment data

Revenue

by Products and services

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

Related companies

Lion Group Holding Ltd

LGHL US

American Express Company

AXP US

Nu Holdings Ltd.

NU US

Strategy Inc

MSTR US

Guotai Junan Securities Co., Ltd.

GUOSF US

CITIC Securities Company Limited

CIIHY US

Coinbase Global, Inc.

COIN US

Affirm Holdings, Inc.

AFRM US

Synchrony Financial

SYF US

GF Securities Co., Ltd.

000776 CS

CSC Financial Co., Ltd.

601066 CG

China Merchants Securities Co., Ltd.

600999 CG