GuruFocus·2 days ago
/C O R R E C T I O N -- Bitmine Immersion Technologies, Inc.//C O R R E C T I O N -- Bitmine Immersion Technologies, Inc./ PR Newswire NORWALK, Conn., July 6, 2026
Bitmine Immersion Technologies, Inc.(BMNR)Earnings, Financials & Key Ratios
BMNR•AMEX•Banking & Credit
$14.80
11.0× P/E·Price updated Jul 7, 2026
AboutBitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States. The company engages in hosting third-party equipment used in mining of digital asset coins and tokens, primarily Bitcoin, as well as the self-mining for its own account. It also sells mining equipment to customers and related parties. In addition, the company offers data centers, which provides power, racks, proprietary thermodynamic management, redundant connectivity, and security services, as well as software, which provides infrastructure management and custom firmware. 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.Show more
- Net Interest Income-$244K-14.0%
- Total Revenue$6M+84.1%
- Net Income$349M+10687.0%
- Return on Equity8.02%+112.6%
- Net Interest Margin-0%+99.9%
- Efficiency Ratio-7283.04%-7614.2%
- ROA7.92%+118.6%
- Equity / Assets98.84%+76.1%
- Book Value per Share35.46+216217.5%
BMNR Price & Volume
Bitmine Immersion Technologies, Inc. (BMNR) stock price & volume — 10-year historical chart
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Accounting Volatility Masks Underlying Operational Cash Burn
Investment Thesis • Updated 2026Q2
VerdictNegative: The company's fundamental health is undermined by a profound divergence between reported net losses of $3.8B and its inability to generate positive free cash flow
Growth:Mixed
Profitability:Negative
Financial:Mixed
Cash Flow:Burning
Primary Risk:Extreme accounting volatility
Key Thesis Takeaways
- Bitmine Immersion Technologies exhibits extreme financial instability characterized by erratic revenue scaling and a reliance on non-operating accounting gains to mask core operational losses.
- While the company reports a substantial $9.9B asset base, this figure appears disconnected from its actual commercial footprint and is heavily influenced by non-recurring adjustments.
- Investors should exercise extreme caution as the firm continues to report deep negative net margins of -345.8% and persistent free cash flow deficits.
Verdict Logic
which remains deeply negative as of 2026Q2.
BMNR Growth Metrics
Bitmine Immersion Technologies, Inc. (BMNR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years142.45%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-240801.52%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-80405.65%
Return on Capital
10 Years-34.38%
5 Years-39.33%
3 Years-22.99%
Last Year10.11%
BMNR Recent Earnings
Bitmine Immersion Technologies, Inc. (BMNR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (20%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
Apr 14, 2026Metric
Actual
Est
EPS
$0.09-52.8%
$0.18
Rev
$15M-21.6%
$19M
Q1 2026
Jan 14, 2026Metric
Actual
Est
EPS
$15.98-10753.3%
$0.15
Rev
$2M-97.1%
$79M
Q1 2026
Jan 13, 2026Metric
Actual
Est
EPS
$0.13-13.3%
$0.15
Rev
$2M-97.1%
$79M
Q4 2025
Nov 21, 2025Metric
Actual
Est
EPS
$13.62+13720.0%
$0.10
Rev
$1M-36.9%
$2M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 14, 2026 | $0.09vs $0.18-52.8% | $15Mvs $19M-21.6% |
| Q1 2026 | Jan 14, 2026 | $15.98vs $0.15-10753.3% | $2Mvs $79M-97.1% |
| Q1 2026 | Jan 13, 2026 | $0.13vs $0.15-13.3% | $2Mvs $79M-97.1% |
| Q4 2025 | Nov 21, 2025 | $13.62vs $0.10+13720.0% | $1Mvs $2M-36.9% |
Based on last 12 quarters of dataView full earnings history →
Latest BMNR News
Recent stock market news and headlines for Bitmine Immersion Technologies, Inc. (BMNR)
PRNewsWire·2 days ago
Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.74 Million Tokens, and Total Crypto and Total Cash Holdings of $11.1 BillionNORWALK, Conn., July 6, 2026 /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + "moonshots" holdings totaling $11.1 billion.
PRNewsWire·5 days ago
Ethereum Institutional startet als unabhängige gemeinnützige Organisation, um institutionelle Finanzgeschäfte in großem Maßstab auf die Blockchain zu bringen/PRNewswire/ -- Ethereum Institutional, eine unabhängige gemeinnützige Organisation, gab heute ihren öffentlichen Start als spezielle Anlaufstelle für
PRNewsWire·5 days ago
Eightco Holdings (NASDAQ: ORBS) meldet einen Gesamtbestand von rund 386 Millionen US-Dollar, darunter OpenAI, Beast Industries, mehr als 16.000 ETH und über 283 Millionen WLD-TokenZusammensetzung der Eightco-Kassenbestände zum 1. Juli 2026: 90 Mio. US-Dollar OpenAI-Beteiligung (indirekt), 18 Mio. US-Dollar Beast Industries-Beteiligung,
PRNewsWire·6 days ago
Eightco Holdings (NASDAQ: ORBS) informa que sus activos totales ascienden a unos 386 millones de dólares- Eightco Holdings (NASDAQ: ORBS) informa que sus activos totales ascienden a aproximadamente 386 millones de dólares, incluyendo OpenAI, Beast Industries, más
Peers Comparison
Key metrics vs top competitors for Bitmine Immersion Technologies, Inc. (BMNR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $14.80 | $8.43B | 11.04 | 84.12% | 5719.06% | 8.02% | — | |
| $12.05 | $4.59B | -3.27 | 38.2% | -234.83% | -51.65% | — | |
| $21.17 | $8.03B | -10.86 | 71.89% | -132.76% | -28.78% | — | |
| $12.48 | $3.2B | 11.14 | 102.21% | -67.66% | -29.93% | — | |
| $96.74 | $10.89B | -45.21 | -90.71% | — | -17.66% | — | |
| $2.16 | $1.29B | -16.62 | 18.87% | -197.58% | -69.94% | — |
Compare BMNR vs Peers
Bitmine Immersion Technologies, Inc. (BMNR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BMNR SEC Filings & Documents
Bitmine Immersion Technologies, Inc. (BMNR) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jul 6, 2026·SEC
Material company update
Jun 29, 2026·SEC
Material company update
Jun 22, 2026·SEC
10-Q Quarterly Reports
2Get notified when BMNR posts new earnings or crosses analyst targets
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BMNR Frequently Asked Questions
Bitmine Immersion Technologies, Inc. (BMNR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Bitmine Immersion Technologies, Inc. growing?
Bitmine Immersion Technologies, Inc. (BMNR) grew revenue by 84.1% over the past year. This is strong growth.
Is BMNR profitable?
Bitmine Immersion Technologies, Inc. (BMNR) reported a net loss of $8.67B for fiscal year 2025.
Dividend & Returns
What is BMNR's return on equity?
Bitmine Immersion Technologies, Inc. (BMNR) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.
Industry Metrics
What is Bitmine Immersion Technologies, Inc.'s net interest margin?
Bitmine Immersion Technologies, Inc. (BMNR) has a net interest margin (NIM) of -0.0%. NIM has been under pressure due to interest rate environment.
What is Bitmine Immersion Technologies, Inc.'s efficiency ratio?
Bitmine Immersion Technologies, Inc. (BMNR) has an efficiency ratio of -7283.0%. This is excellent, indicating strong cost control.