Symbols / BMNR $21.41 -7.83%
BMNR Chart
About
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. In addition, the company sells mining equipment to customers and related parties. The company was formerly known as Sandy Springs Holdings Inc. Bitmine Immersion Technologies, Inc. was incorporated in 2019 and is based in Las Vegas, Nevada.
Fundamentals
Scroll to Statements| Sector | Financial Services | Industry | Capital Markets | Market Cap | 9.74B |
| Enterprise Value | 8.85B | Income | -4.87B | Sales | 7.19M |
| Book/sh | 27.54 | Cash/sh | 1.95 | Dividend Yield | 5.00% |
| Payout | 0.00% | Employees | 3 | IPO | — |
| P/E | — | Forward P/E | 22.78 | PEG | — |
| P/S | 1355.03 | P/B | 0.78 | P/C | — |
| EV/EBITDA | -37.80 | EV/Sales | 1231.52 | Quick Ratio | 6.47 |
| Current Ratio | 6.48 | Debt/Eq | — | LT Debt/Eq | — |
| EPS (ttm) | -0.93 | EPS next Y | 0.94 | EPS Growth | — |
| Revenue Growth | 90.90% | Earnings | 2026-04-14 | ROA | -2.55% |
| ROE | -86.26% | ROIC | — | Gross Margin | 22.11% |
| Oper. Margin | -96.89% | Profit Margin | 0.00% | Shs Outstand | 454.86M |
| Shs Float | 446.40M | Short Float | 4.88% | Short Ratio | 0.50 |
| Short Interest | — | 52W High | 161.00 | 52W Low | 3.92 |
| Beta | 1.47 | Avg Volume | 43.58M | Volume | 42.52M |
| Target Price | $34.50 | Recom | None | Prev Close | $23.23 |
| Price | $21.41 | Change | -7.83% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$34.50
Mean price target
2. Current target
$21.41
Latest analyst target
3. DCF / Fair value
$-0.39
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$21.41
Low
$30.00
High
$39.00
Mean
$34.50
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-23 | main | B. Riley Securities | Buy → Buy | $30 |
| 2025-11-20 | main | B. Riley Securities | Buy → Buy | $47 |
| 2025-10-16 | init | B. Riley Securities | — → Buy | $90 |
- Bitmine (BMNR) Climbs 13.9% on OpenAI Exposure, Accelerated ETH Purchase - Yahoo Finance ue, 17 Mar 2026 04
- BMNR Faces Financial Challenges Amidst Market Turbulence - StocksToTrade Wed, 18 Mar 2026 21
- BMNR Stock Jumps After Tom Lee-Backed Bitmine Buys 60K Ethereum, Holdings Top $11.5 Billion - Stocktwits Mon, 16 Mar 2026 13
- Bitmine Soars 11% — Tom Lee’s Ethereum Bet Just Got Even Bigger - 24/7 Wall St. Mon, 16 Mar 2026 15
- Ethereum (ETH) news: BitMine (BMNR) faces $8 billion paper loss on ether holdings - CoinDesk hu, 05 Feb 2026 08
- Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.285 Million Tokens, and Total Crypto and Total Cash Holdings of $10.7 Billion - PR Newswire Mon, 02 Feb 2026 08
- BitMine (BMNR) added nearly $100 million in ETH amid market plunge - CoinDesk Mon, 02 Feb 2026 08
- Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.596 Million Tokens, and Total Crypto and Total Cash Holdings of $11.5 Billion - PR Newswire Mon, 16 Mar 2026 12
- Strategy and Bitmine Immersion Technologies Tumble 6%: Is the Crypto Treasury Trade Running Out of Steam? - 24/7 Wall St. Wed, 18 Mar 2026 17
- Bitmine Immersion Technologies (BMNR) Deepens Ethereum and AI Bets Is Its Strategy Becoming Too Concentrated? - Yahoo Finance Wed, 18 Mar 2026 13
- Crypto investor Bitmine now holds 3.81% of all Ethereum - Stock Titan Mon, 16 Mar 2026 12
- Bitmine stock price today: shares steady after $11.5 billion crypto filing lifts ether bet - TechStock² ue, 17 Mar 2026 15
- Strategy and Bitmine Immersion Technologies Tumble 6%: Is the Crypto Treasury Trade Running Out of Steam? - AOL.com Wed, 18 Mar 2026 17
- BitMine Stock Drops 8% as Ethereum Pullback, High Costs, and Hawkish Fed Weigh on Investors - TipRanks hu, 19 Mar 2026 03
- A Look At Bitmine Immersion Technologies (BMNR) Valuation After Recent Share Price Volatility - simplywall.st ue, 17 Mar 2026 10
Insider Transactions
| Date | Shares | Url | Text | Insider | Position | Transaction | Start Date | Ownership | Value |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 500000 | — | — | LEE THOMAS JONG | Director | — | 2026-01-23 00:00:00 | D | nan |
| 1 | 33082 | — | Stock Award(Grant) at price 0.00 per share. | SHARBUTT DAVID E | Director | — | 2026-01-23 00:00:00 | D | — |
| 2 | 13582 | — | Stock Award(Grant) at price 0.00 per share. | LOVE LORI | Director | — | 2026-01-23 00:00:00 | D | — |
| 3 | 11582 | — | Stock Award(Grant) at price 0.00 per share. | MALONEY MICHAEL STEPHEN | Director | — | 2026-01-23 00:00:00 | D | — |
| 4 | 38639 | — | Stock Award(Grant) at price 0.00 per share. | EDGEWORTH JASON A | Director | — | 2026-01-23 00:00:00 | D | — |
| 5 | 500000 | — | Stock Award(Grant) at price 0.00 per share. | LEE THOMAS JONG | Director | — | 2026-01-23 00:00:00 | D | — |
| 6 | 38639 | — | Stock Award(Grant) at price 0.00 per share. | HOWE OLIVIA | Director | — | 2026-01-23 00:00:00 | D | — |
| 7 | 38639 | — | Stock Award(Grant) at price 0.00 per share. | SECHAN ROBERT J II | Director | — | 2026-01-23 00:00:00 | D | — |
| 8 | 2608 | — | — | MOW RAYMOND | Chief Financial Officer | — | 2025-12-03 00:00:00 | D | nan |
| 9 | 652 | — | — | NELSON ERIK S. | President | — | 2025-12-03 00:00:00 | D | nan |
Financials
| Line Item | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 3.97K | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.21 | 0.00 | 0.00 | 0.00 |
| NormalizedEBITDA | 441.86M | -1.77M | -1.79M | -1.70M |
| TotalUnusualItems | 19.00K | -326.00K | -104.79K | -11.54K |
| TotalUnusualItemsExcludingGoodwill | 19.00K | -326.00K | -104.79K | -11.54K |
| NetIncomeFromContinuingOperationNetMinorityInterest | 348.58M | -3.29M | -2.46M | -2.01M |
| ReconciledDepreciation | 761.00K | 924.00K | 470.70K | 3.12K |
| ReconciledCostOfRevenue | 5.79M | 3.47M | 422.81K | 553.57K |
| EBITDA | 441.88M | -2.10M | -1.90M | -1.71M |
| EBIT | 441.12M | -3.02M | -2.37M | -1.71M |
| NetInterestIncome | -244.00K | -214.00K | -68.74K | -291.05K |
| InterestExpense | 245.00K | 269.00K | 97.46K | 291.05K |
| InterestIncome | 1.00K | 55.00K | 28.72K | 0.00 |
| NormalizedIncome | 348.56M | -2.97M | -2.36M | -1.99M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 348.58M | -3.29M | -2.46M | -2.01M |
| TotalExpenses | 368.73M | 5.75M | 2.95M | 2.13M |
| TotalOperatingIncomeAsReported | 444.21M | -2.45M | -2.41M | -1.71M |
| DilutedAverageShares | 24.52M | 2.49M | 2.45M | 2.16M |
| BasicAverageShares | 24.14M | 2.49M | 2.45M | 2.16M |
| DilutedEPS | 13.39 | -1.32 | -1.00 | -1.00 |
| BasicEPS | 13.60 | -1.32 | -1.00 | -1.00 |
| DilutedNIAvailtoComStockholders | 328.16M | -3.29M | -2.46M | -2.01M |
| NetIncomeCommonStockholders | 328.16M | -3.29M | -2.46M | -2.01M |
| OtherunderPreferredStockDividend | 17.45M | 0.00 | ||
| PreferredStockDividends | 2.96M | |||
| NetIncome | 348.58M | -3.29M | -2.46M | -2.01M |
| NetIncomeIncludingNoncontrollingInterests | 348.58M | -3.29M | -2.46M | -2.01M |
| NetIncomeContinuousOperations | 348.58M | -3.29M | -2.46M | -2.01M |
| TaxProvision | 92.30M | 0.00 | ||
| PretaxIncome | 440.87M | -3.29M | -2.46M | -2.01M |
| OtherIncomeExpense | 803.75M | -637.00K | -87.85K | -11.54K |
| OtherNonOperatingIncomeExpenses | 805.01M | 16.94K | ||
| SpecialIncomeCharges | 19.00K | -326.00K | -104.79K | -11.54K |
| GainOnSaleOfPPE | 2.22M | 114.00K | 21.68K | 0.00 |
| OtherSpecialCharges | 289.00K | 320.00K | ||
| WriteOff | 3.52K | 11.54K | ||
| ImpairmentOfCapitalAssets | 1.91M | 120.00K | 126.47K | 11.54K |
| EarningsFromEquityInterest | -1.28M | -311.00K | 0.00 | |
| GainOnSaleOfSecurity | -311.31K | 21.68K | ||
| NetNonOperatingInterestIncomeExpense | -244.00K | -214.00K | -68.74K | -291.05K |
| InterestExpenseNonOperating | 245.00K | 269.00K | 97.46K | 291.05K |
| InterestIncomeNonOperating | 1.00K | 55.00K | 28.72K | 0.00 |
| OperatingIncome | -362.63M | -2.44M | -2.31M | -1.70M |
| OperatingExpense | 362.94M | 2.28M | 2.53M | 1.57M |
| OtherOperatingExpenses | 348.96M | 1.29M | 985.54K | 489.10K |
| DepreciationAmortizationDepletionIncomeStatement | 923.54K | 470.70K | 0.00 | |
| DepreciationAndAmortizationInIncomeStatement | 923.54K | 470.70K | 0.00 | |
| DepreciationIncomeStatement | 923.54K | 470.70K | 0.00 | |
| SellingGeneralAndAdministration | 13.98M | 2.28M | 1.07M | 1.08M |
| SellingAndMarketingExpense | 0.00 | 214.55K | ||
| GeneralAndAdministrativeExpense | 13.98M | 2.28M | 859.97K | 1.08M |
| OtherGandA | 13.98M | 2.28M | 501.33K | 1.08M |
| SalariesAndWages | 452.25K | 358.64K | ||
| GrossProfit | 310.00K | -163.00K | 222.47K | -129.03K |
| CostOfRevenue | 5.79M | 3.47M | 422.81K | 556.70K |
| TotalRevenue | 6.09M | 3.31M | 645.28K | 427.67K |
| OperatingRevenue | 6.09M | 3.31M | 645.28K | 427.67K |
| Line Item | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 173.50M | 2.50M | 2.48M | 2.43M |
| ShareIssued | 173.50M | 2.50M | 2.48M | 2.43M |
| NetDebt | 1.13M | 1.03M | ||
| TotalDebt | 1.62M | 1.30M | ||
| TangibleBookValue | 8.69B | 4.09M | 6.26M | 7.38M |
| InvestedCapital | 8.69B | 5.71M | 7.56M | 7.40M |
| WorkingCapital | 503.05M | -1.58M | -679.10K | 571.27K |
| NetTangibleAssets | 8.69B | 4.09M | 6.26M | 7.38M |
| CommonStockEquity | 8.69B | 4.09M | 6.26M | 7.40M |
| PreferredStockEquity | 45.00 | 45.00 | 45.00 | |
| TotalCapitalization | 8.69B | 4.09M | 6.26M | 7.40M |
| TotalEquityGrossMinorityInterest | 8.69B | 4.09M | 6.26M | 7.40M |
| StockholdersEquity | 8.69B | 4.09M | 6.26M | 7.40M |
| RetainedEarnings | 337.39M | -8.22M | -4.93M | -2.47M |
| AdditionalPaidInCapital | 8.36B | 12.31M | 11.18M | 9.87M |
| CapitalStock | 23.00K | 0.00 | 5.01K | 4.91K |
| CommonStock | 23.00K | 0.00 | 4.97K | 4.86K |
| PreferredStock | 0.00 | 0.00 | 45.00 | 45.00 |
| TotalLiabilitiesNetMinorityInterest | 102.26M | 3.20M | 1.95M | 570.00K |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 92.30M | 65.00K | 386.88K | 252.32K |
| OtherNonCurrentLiabilities | -1.00 | |||
| NonCurrentDeferredLiabilities | 92.30M | 65.00K | 386.88K | 252.32K |
| NonCurrentDeferredRevenue | 0.00 | 65.00K | 386.88K | 252.32K |
| NonCurrentDeferredTaxesLiabilities | 92.30M | 0.00 | ||
| CurrentLiabilities | 9.96M | 3.13M | 1.56M | 317.67K |
| OtherCurrentLiabilities | -1.00 | |||
| CurrentDeferredLiabilities | 1.07M | 790.00K | 86.19K | 232.91K |
| CurrentDeferredRevenue | 1.07M | 790.00K | 86.19K | 232.91K |
| CurrentDebtAndCapitalLeaseObligation | 1.62M | 1.30M | ||
| CurrentDebt | 1.62M | 1.30M | ||
| OtherCurrentBorrowings | 1.62M | 1.30M | ||
| PayablesAndAccruedExpenses | 8.89M | 716.00K | 172.36K | 84.76K |
| CurrentAccruedExpenses | 8.89M | 716.00K | 97.46K | 0.00 |
| InterestPayable | 315.61K | 97.46K | 0.00 | |
| Payables | 400.58K | 74.90K | 84.76K | |
| AccountsPayable | 400.58K | 74.90K | 84.76K | |
| TotalAssets | 8.80B | 7.28M | 8.20M | 7.97M |
| TotalNonCurrentAssets | 8.28B | 5.74M | 7.32M | 7.09M |
| OtherNonCurrentAssets | 8.28B | 683.00K | ||
| NonCurrentNoteReceivables | 280.83K | 1.39M | 532.35K | |
| NonCurrentAccountsReceivable | 281.00K | |||
| InvestmentsAndAdvances | 667.71K | 987.43K | 0.00 | |
| LongTermEquityInvestment | 667.71K | 987.43K | 0.00 | |
| InvestmentsinJointVenturesatCost | 667.71K | 987.43K | 0.00 | |
| GoodwillAndOtherIntangibleAssets | 129.47K | 21.43K | ||
| OtherIntangibleAssets | 129.47K | 21.43K | ||
| NetPPE | 516.00K | 4.77M | 4.95M | 6.53M |
| AccumulatedDepreciation | -153.00K | -1.39M | -470.70K | -3.12K |
| GrossPPE | 669.00K | 6.17M | 5.42M | 6.53M |
| OtherProperties | 300.00K | 3.07M | 5.42M | 6.53M |
| MachineryFurnitureEquipment | 253.75K | |||
| Properties | 369.00K | 3.09M | ||
| CurrentAssets | 513.01M | 1.55M | 879.46K | 888.95K |
| OtherCurrentAssets | 14.96K | 129.47K | ||
| PrepaidAssets | 498.00K | 673.00K | 105.00K | 5.00K |
| Receivables | 510.00K | 374.00K | 374.44K | 491.39K |
| OtherReceivables | 510.00K | 374.00K | ||
| NotesReceivable | 374.44K | 374.44K | 491.39K | |
| CashCashEquivalentsAndShortTermInvestments | 512.00M | 499.00K | 270.55K | 392.55K |
| CashAndCashEquivalents | 512.00M | 499.00K | 270.55K | 392.55K |
| CashEquivalents | 499.27K | 270.55K | 392.55K | |
| CashFinancial | 512.00M | 499.00K | 270.55K | 392.55K |
| Line Item | 2025-08-31 | 2024-08-31 | 2023-08-31 | 2022-08-31 |
|---|---|---|---|---|
| FreeCashFlow | -5.21M | -106.00K | -1.42M | -4.40M |
| RepaymentOfDebt | -1.90M | 0.00 | ||
| IssuanceOfDebt | 1.28M | 325.00K | 1.30M | 2.76M |
| IssuanceOfCapitalStock | 7.95B | 0.00 | 0.00 | 1.81M |
| CapitalExpenditure | -1.06M | -76.00K | -612.29K | -2.77M |
| EndCashPosition | 512.00M | 499.00K | 270.55K | 392.55K |
| BeginningCashPosition | 499.00K | 270.00K | 392.55K | 218.74K |
| ChangesInCash | 511.50M | 229.00K | -122.00K | 173.81K |
| FinancingCashFlow | 7.95B | 325.00K | 1.30M | 4.57M |
| CashFlowFromContinuingFinancingActivities | 7.95B | 325.00K | 1.30M | 4.57M |
| NetPreferredStockIssuance | 225.00K | 0.00 | ||
| PreferredStockIssuance | 225.00K | 0.00 | ||
| NetCommonStockIssuance | 7.95B | 0.00 | 0.00 | 1.81M |
| CommonStockIssuance | 7.95B | 0.00 | 0.00 | 1.81M |
| NetIssuancePaymentsOfDebt | -617.00K | 325.00K | 1.30M | 2.76M |
| NetShortTermDebtIssuance | -617.00K | 325.00K | 1.30M | 2.76M |
| ShortTermDebtPayments | -1.90M | 0.00 | ||
| ShortTermDebtIssuance | 1.28M | 325.00K | 1.30M | 2.76M |
| InvestingCashFlow | -7.43B | -67.00K | -612.29K | -2.77M |
| CashFlowFromContinuingInvestingActivities | -7.43B | -68.00K | -612.29K | -2.77M |
| NetOtherInvestingChanges | 1.00K | |||
| NetInvestmentPurchaseAndSale | -7.43B | 0.00 | ||
| SaleOfInvestment | 2.19M | 0.00 | ||
| PurchaseOfInvestment | -7.43B | 0.00 | ||
| NetBusinessPurchaseAndSale | 0.00 | 8.00K | 0.00 | |
| SaleOfBusiness | 0.00 | 8.00K | 0.00 | |
| NetPPEPurchaseAndSale | -1.06M | -76.00K | -612.29K | -2.77M |
| PurchaseOfPPE | -1.06M | -76.00K | -612.29K | -2.77M |
| OperatingCashFlow | -4.15M | -30.00K | -809.72K | -1.63M |
| CashFlowFromContinuingOperatingActivities | -4.15M | -28.00K | -809.71K | -1.63M |
| ChangeInWorkingCapital | 98.87M | 790.00K | -256.53K | -483.86K |
| ChangeInOtherWorkingCapital | 92.51M | 704.00K | -12.16K | 485.23K |
| ChangeInOtherCurrentAssets | -2.52M | -225.00K | -108.03K | -21.43K |
| ChangeInPayablesAndAccruedExpense | 8.70M | 507.00K | 87.60K | 81.08K |
| ChangeInAccruedExpense | 8.70M | 507.00K | 97.46K | 0.00 |
| ChangeInInterestPayable | 218.15K | 97.46K | 0.00 | |
| ChangeInPayable | 374.62K | -9.86K | 81.08K | |
| ChangeInAccountPayable | 374.62K | -9.86K | 81.08K | |
| ChangeInPrepaidAssets | 178.00K | -570.00K | -100.00K | -5.00K |
| ChangeInReceivables | 0.00 | 374.00K | -123.94K | -1.02M |
| OtherNonCashItems | 348.97M | -37.00K | -1.00 | 1.00 |
| StockBasedCompensation | 2.42M | 1.12M | 1.32M | 856.72K |
| UnrealizedGainLossOnInvestmentSecurities | -805.01M | 0.00 | ||
| AssetImpairmentCharge | 1.91M | 120.00K | 122.95K | 0.00 |
| DepreciationAmortizationDepletion | 761.00K | 924.00K | 470.70K | 3.12K |
| DepreciationAndAmortization | 761.00K | 924.00K | 470.70K | 3.12K |
| Depreciation | 761.00K | 924.00K | 470.70K | 3.12K |
| OperatingGainsLosses | -653.00K | 343.00K | ||
| EarningsLossesFromEquityInvestments | 1.28M | 311.00K | 0.00 | |
| GainLossOnInvestmentSecurities | -3.75M | |||
| GainLossOnSaleOfPPE | 1.53M | 32.00K | 0.00 | |
| NetIncomeFromContinuingOperations | 348.58M | -3.29M | -2.46M | -2.01M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for BMNR
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|