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Bitmine Immersion Technologies, Inc. logo

Bitmine Immersion Technologies, Inc.

BMNR

NYSEFinancial ServicesFinancial - Capital Markets

Open in GoAI

Previous close

$22.83

+$1.26 · +5.84%

Aug 21, 4:00 PM ET

BMNR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

47

Fair Value

Momentum

19

Strong Down

Sentiment

63

Bullish

Risk resilience

33

High Risk

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

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.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
Chi Tsang
Listed since
Jun 5, 2025
Employees
3

Market position

Day range

Current $22.83

52-week range

Current $22.83

Open
$22.25
Previous close
$21.57
Volume
57.7M
1.56× average
Average volume
36.94M
Average daily volume
Market cap
13B USD
Beta
1.56
Market reference 1
50-day average
$16.6518
+37.10% above average
200-day average
$22.9936
-0.71% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-1×
P/B (TTM)
1.09×
P/S (TTM)
212.5×
Dividend yield
0.04%

Profitability & efficiency

Gross margin
83.48%
Operating margin
-14514.00%
Net margin
-14306.56%

Financial health

Debt / equity
0×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends8064%4961%1858%-1245%Gross margin, FY2022: -30.17%Gross margin, FY2023: 34.48%Gross margin, FY2024: 22.99%Gross margin, FY2025: 5.09%Operating margin, FY2022: -400.82%Operating margin, FY2023: -373.95%Operating margin, FY2024: -73.93%Operating margin, FY2025: 7288.12%Net margin, FY2022: -468.87%Net margin, FY2023: -381.98%Net margin, FY2024: -99.46%Net margin, FY2025: 5719.06%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2022 -30.17%. Gross margin FY2023 34.48%. Gross margin FY2024 22.99%. Gross margin FY2025 5.09%. Operating margin FY2022 -400.82%. Operating margin FY2023 -373.95%. Operating margin FY2024 -73.93%. Operating margin FY2025 7288.12%. Net margin FY2022 -468.87%. Net margin FY2023 -381.98%. Net margin FY2024 -99.46%. Net margin FY2025 5719.06%.

Income trends

Revenue

6.1M USD+84.12%

Operating income

444.21M USD+446.66M USD

Net income

348.58M USD+351.87M USD
Income trends across reported periods488.96M USD309.96M USD130.96M USD−48.04M USDRevenue, FY2022: 427.67K USDRevenue, FY2023: 645.28K USDRevenue, FY2024: 3.31M USDRevenue, FY2025: 6.1M USDOperating income, FY2021: −131.82K USDOperating income, FY2022: −1.71M USDOperating income, FY2023: −2.41M USDOperating income, FY2024: −2.45M USDOperating income, FY2025: 444.21M USDNet income, FY2021: −154.24K USDNet income, FY2022: −2.01M USDNet income, FY2023: −2.46M USDNet income, FY2024: −3.29M USDNet income, FY2025: 348.58M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2022 427.67K USD. Revenue FY2023 645.28K USD. Revenue FY2024 3.31M USD. Revenue FY2025 6.1M USD. Operating income FY2021 −131.82K USD. Operating income FY2022 −1.71M USD. Operating income FY2023 −2.41M USD. Operating income FY2024 −2.45M USD. Operating income FY2025 444.21M USD. Net income FY2021 −154.24K USD. Net income FY2022 −2.01M USD. Net income FY2023 −2.46M USD. Net income FY2024 −3.29M USD. Net income FY2025 348.58M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue6.1M USD3.31M USD645.28K USD427.67K USD—
Cost of goods sold5.79M USD2.55M USD422.81K USD556.7K USD—
Gross profit310K USD761.03K USD222.47K USD−129.03K USD—
Selling, general, and administrative13.98M USD1.23M USD2.06M USD1.57M USD131.82K USD
Operating expenses−443.9M USD3.21M USD2.64M USD1.59M USD131.82K USD
Interest income1K USD54.62K USD28.72K USD——
Interest expense245K USD268.58K USD97.46K USD291.05K USD22.42K USD
Depreciation and amortization761K USD923.55K USD470.71K USD3.13K USD131.82K USD
Operating income444.21M USD−2.45M USD−2.41M USD−1.71M USD−131.82K USD
Net income348.58M USD−3.29M USD−2.46M USD−2.01M USD−154.24K USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
20%
1 beat, 3 misses, 1 met estimate
Average EPS surprise
+527.78%
5 comparable reports
Latest EPS result
-0.15
Estimate -0.04 · Miss by 275.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates15.994.54-6.9-18.35Q1 '25No estimateQ2 '25No estimateQ3 '25MetQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 10, 2025: actual -0.005, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 14, 2025: actual -0.006, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 2, 2025: actual -0.31, estimate -0.31, surprise 0.00%, Met estimate. Q4 2025, reported Nov 21, 2025: actual 13.62, estimate -0.1, surprise +13720.00%, Beat. Q1 2026, reported Jan 14, 2026: actual -15.98, estimate 0.15, surprise -10753.33%, Miss. Q2 2026, reported Apr 14, 2026: actual 0.085, estimate 0.18, surprise -52.78%, Miss. Q3 2026, reported Jul 13, 2026: actual -0.15, estimate -0.04, surprise -275.00%, Miss. Q4 2026, reported Nov 20, 2026: actual —, estimate 0.03, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates85.55M57.37M29.2M1.02MQ1 '25No estimateQ2 '25No estimateQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MetQ4 '26Estimate
Q1 2025, reported Jan 10, 2025: actual 1.2M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 14, 2025: actual 1.52M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 2, 2025: actual 2.05M USD, estimate 2.05M USD, surprise -0.01%, Miss. Q4 2025, reported Nov 21, 2025: actual 1.32M USD, estimate 2.1M USD, surprise -36.91%, Miss. Q1 2026, reported Jan 14, 2026: actual 2.3M USD, estimate 79.3M USD, surprise -97.10%, Miss. Q2 2026, reported Apr 14, 2026: actual 15.2M USD, estimate 19.4M USD, surprise -21.65%, Miss. Q3 2026, reported Jul 13, 2026: actual 46.5M USD, estimate 46.5M USD, surprise 0.00%, Met estimate. Q4 2026, reported Nov 20, 2026: actual —, estimate 65.35M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

2 institutions
Cantor FitzgeraldmaintainOverweight

BMNR news

fool.com

Why BitMine Immersion Technologies Stock Skyrocketed by 26% This Week

Digital coins and tokens had their best week in quite some time, and the company benefited. It also kept adding to the holdings of its favorite cryptocurrency.

Read source
benzinga.com

Buy Bitcoin, Not This Surging Crypto Stock: Cramer

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Arlo Technologies, Inc. (NYSE:ARLO) is “actually profitable” and is “not a bad idea.”

Read source
prnewswire.com

Eightco Holdings (NASDAQ: ORBS) meldt totale bezittingen van ongeveer 389 miljoen dollar, waaronder belangen in OpenAI, Beast Industries, meer dan 16.000 ETH en bijna 302 miljoen WLD-tokens

Eightco heeft de afgelopen twee weken 14 miljoen gewone aandelen ingekocht in het kader van het eerder aangekondigde aandeleninkoopprogramma van 125 miljoen

Read source
prnewswire.com

Eightco Holdings (NASDAQ: ORBS) rende noto un portafoglio complessivo di circa 389 milioni di dollari, che comprende OpenAI, Beast Industries, oltre 16.000 ETH e quasi 302 milioni di token WLD

Nelle ultime due settimane, Eightco ha riacquistato 14 milioni di azioni ordinarie nell'ambito del proprio programma di riacquisto di azioni da 125 milioni di

Read source
prnewswire.com

Eightco Holdings (NASDAQ : ORBS) annonce un actif total d'environ 389 millions de dollars, comprenant notamment OpenAI, Beast Industries, plus de 16 000 jetons ETH et près de 302 millions de jetons WLD

Au cours des deux dernières semaines, Eightco a racheté 14 millions d'actions ordinaires dans le cadre de son programme de rachat d'actions de 125 millions de

Read source
invezz.com

BMNR stock jumps as Ethereum rebounds, BitMine nears inflection point

BitMine stock jumped to $20.85, its highest level since May 15, up sharply from the year-to-date low of $12.54. This rebound happened as Ethereum price jumped above the crucial resistance level of $2,000 amid a crypto…

Read source

Corporate actions

Corporate action history

Dividend

Ex-dividend Dec 8, 2025

$0.01

Irregular

Record Dec 8, 2025 · Payment Dec 29, 2025

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ETFs holding BMNR

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
313.53M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
226.29M
Weight
0.12%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
143.71M
Weight
0.21%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
ARK Innovation ETF logoARK Innovation ETFARKK
Market value
120.66M
Weight
1.82%
AUM
5.56B USD
Expense ratio
0.75%
Price / 1D
$86.21+3.53%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
113.39M
Weight
0.12%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
61.8M
Weight
0.27%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.83+0.52%
iShares Expanded Tech-Software Sector ETF logoiShares Expanded Tech-Software Sector ETFIGV
Market value
59.07M
Weight
0.42%
AUM
14.26B USD
Expense ratio
0.38%
Price / 1D
$103.37+1.43%
iShares Russell Mid-Cap ETF logoiShares Russell Mid-Cap ETFIWR
Market value
49.49M
Weight
0.09%
AUM
57.66B USD
Expense ratio
0.18%
Price / 1D
$113.44+0.70%

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