Symbols / BMNR $22.53 -1.83% Bitmine Immersion Technologies, Inc.

Financial Services • Capital Markets • United States • NYQ
BMNR Chart
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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
Market Cap 12.11B Enterprise Value 11.23B Income -8.69B Sales 16.71M Book/sh 19.96 Cash/sh 1.64
Dividend Yield 4.00% Payout 0.00% Employees 3 IPO — P/E — Forward P/E 23.97
PEG — P/S 724.80 P/B 1.13 P/C — EV/EBITDA -37.60 EV/Sales 672.24
Quick Ratio 53.85 Current Ratio 54.19 Debt/Eq 0.01 LT Debt/Eq — EPS (ttm) -7.44 EPS next Y 0.94
EPS Growth — Revenue Growth 6.28% Earnings 2026-07-02 ROA -3.78% ROE -175.88% ROIC —
Gross Margin 66.59% Oper. Margin -5.92% Profit Margin 0.00% Shs Outstand 537.63M Shs Float 529.16M Short Float 8.08%
Short Ratio 0.77 Short Interest — 52W High 161.00 52W Low 3.92 Beta 1.43 Avg Volume 45.23M
Volume 34.69M Target Price $36.00 Recom None Prev Close $22.95 Price $22.53 Change -1.83%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$36.00
Mean price target
2. Current target
$22.53
Latest analyst target
3. DCF / Fair value
$-5.11
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$22.53
Low
$33.00
High
$39.00
Mean
$36.00

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
News
RSS: Latest BMNR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-01-23 SHARBUTT DAVID E Director — 33,082 $0.00 $0
2026-01-23 LOVE LORI Director — 13,582 $0.00 $0
2026-01-23 MALONEY MICHAEL STEPHEN Director — 11,582 $0.00 $0
2026-01-23 EDGEWORTH JASON A Director — 38,639 $0.00 $0
2026-01-23 LEE THOMAS JONG Director — 500,000 $0.00 $0
2026-01-23 LEE THOMAS JONG Director — 500,000 — —
2026-01-23 HOWE OLIVIA Director — 38,639 $0.00 $0
2026-01-23 SECHAN ROBERT J II Director — 38,639 $0.00 $0
2025-12-03 MOW RAYMOND Chief Financial Officer — 2,608 — —
2025-12-03 NELSON ERIK S. President — 652 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-08-31 2024-08-31 2023-08-31 2022-08-31
Total Revenue
6.09
+84.14%
3.31
+412.96%
0.65
+50.88%
0.43
Operating Revenue
6.09
+84.14%
3.31
+412.96%
0.65
+50.88%
0.43
Cost Of Revenue
5.79
+66.57%
3.47
+721.41%
0.42
-24.05%
0.56
Reconciled Cost Of Revenue
5.79
+66.57%
3.47
+721.41%
0.42
-23.62%
0.55
Gross Profit
0.31
+290.18%
-0.16
-173.27%
0.22
+272.42%
-0.13
Operating Expense
362.94
+15825.54%
2.28
-9.95%
2.53
+60.82%
1.57
Selling General And Administration
13.98
+513.60%
2.28
+112.09%
1.07
-0.92%
1.08
Selling And Marketing Expense
—
0.00
-100.00%
0.21
—
General And Administrative Expense
13.98
+513.60%
2.28
+165.01%
0.86
-20.71%
1.08
Salaries And Wages
—
0.45
+26.10%
0.36
—
Other Gand A
13.98
+513.60%
2.28
+354.59%
0.50
-53.77%
1.08
Other Operating Expenses
348.96
+26880.98%
1.29
+31.23%
0.99
+101.50%
0.49
Total Expenses
368.73
+6310.43%
5.75
+94.75%
2.95
+38.64%
2.13
Operating Income
-362.63
-14749.84%
-2.44
-5.79%
-2.31
-35.57%
-1.70
Total Operating Income As Reported
444.21
+18245.87%
-2.45
-1.45%
-2.41
-40.77%
-1.71
EBITDA
441.88
+21141.81%
-2.10
-10.72%
-1.90
-10.85%
-1.71
Normalized EBITDA
441.86
+25007.50%
-1.77
+1.00%
-1.79
-5.44%
-1.70
Reconciled Depreciation
0.76
-17.64%
0.92
+96.30%
0.47
+14962.56%
0.00
EBIT
441.12
+14687.20%
-3.02
-27.73%
-2.37
-38.11%
-1.71
Total Unusual Items
0.02
+105.83%
-0.33
-211.10%
-0.10
-808.46%
-0.01
Total Unusual Items Excluding Goodwill
0.02
+105.83%
-0.33
-211.10%
-0.10
-808.46%
-0.01
Special Income Charges
0.02
+105.83%
-0.33
-211.10%
-0.10
-808.46%
-0.01
Other Special Charges
0.29
-9.69%
0.32
—
—
Impairment Of Capital Assets
1.91
+1493.33%
0.12
-5.12%
0.13
+996.43%
0.01
Write Off
—
—
0.00
-69.46%
0.01
Net Income
348.58
+10685.39%
-3.29
-33.60%
-2.46
-22.92%
-2.01
Pretax Income
440.87
+13488.16%
-3.29
-33.60%
-2.46
-22.92%
-2.01
Net Non Operating Interest Income Expense
-0.24
-14.02%
-0.21
-211.32%
-0.07
+76.38%
-0.29
Interest Expense Non Operating
0.24
-8.92%
0.27
+176.01%
0.10
-66.51%
0.29
Net Interest Income
-0.24
-14.02%
-0.21
-211.32%
-0.07
+76.38%
-0.29
Interest Expense
0.24
-8.92%
0.27
+176.01%
0.10
-66.51%
0.29
Interest Income Non Operating
0.00
-98.18%
0.06
+91.50%
0.03
0.00
Interest Income
0.00
-98.18%
0.06
+91.50%
0.03
0.00
Other Income Expense
803.75
+126277.24%
-0.64
-625.08%
-0.09
-661.61%
-0.01
Other Non Operating Income Expenses
805.01
—
0.02
—
Gain On Sale Of Security
—
-0.31
-1535.81%
0.02
—
Tax Provision
92.30
0.00
—
—
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
348.58
+10685.39%
-3.29
-33.60%
-2.46
-22.92%
-2.01
Net Income From Continuing Operation Net Minority Interest
348.58
+10685.39%
-3.29
-33.60%
-2.46
-22.92%
-2.01
Net Income From Continuing And Discontinued Operation
348.58
+10685.39%
-3.29
-33.60%
-2.46
-22.92%
-2.01
Net Income Continuous Operations
348.58
+10685.39%
-3.29
-33.60%
-2.46
-22.92%
-2.01
Normalized Income
348.56
+11847.96%
-2.97
-25.72%
-2.36
-18.38%
-1.99
Net Income Common Stockholders
328.16
+10065.41%
-3.29
-33.60%
-2.46
-22.92%
-2.01
Otherunder Preferred Stock Dividend
17.45
0.00
—
—
Diluted EPS
13.39
+1114.39%
-1.32
-32.00%
-1.00
+0.00%
-1.00
Basic EPS
13.60
+1130.30%
-1.32
-32.00%
-1.00
+0.00%
-1.00
Basic Average Shares
24.14
+867.86%
2.49
+1.68%
2.45
+13.80%
2.16
Diluted Average Shares
24.52
+883.00%
2.49
+1.68%
2.45
+13.80%
2.16
Diluted NI Availto Com Stockholders
328.16
+10065.41%
-3.29
-33.60%
-2.46
-22.92%
-2.01
Depreciation Amortization Depletion Income Statement
—
0.92
+96.20%
0.47
0.00
Depreciation And Amortization In Income Statement
—
0.92
+96.20%
0.47
0.00
Depreciation Income Statement
—
0.92
+96.20%
0.47
0.00
Earnings From Equity Interest
-1.28
-310.93%
-0.31
0.00
—
Gain On Sale Of PPE
2.22
+1847.37%
0.11
+425.78%
0.02
0.00
Preferred Stock Dividends
2.96
—
—
—
Line Item Trend 2025-08-31 2024-08-31 2023-08-31 2022-08-31
Total Assets
8,795.05
+120677.99%
7.28
-11.23%
8.20
+2.87%
7.97
Current Assets
513.01
+33082.86%
1.55
+75.79%
0.88
-1.07%
0.89
Cash Cash Equivalents And Short Term Investments
512.00
+102505.01%
0.50
+84.44%
0.27
-31.08%
0.39
Cash And Cash Equivalents
512.00
+102505.01%
0.50
+84.44%
0.27
-31.08%
0.39
Cash Equivalents
—
0.50
+84.54%
0.27
-31.08%
0.39
Cash Financial
512.00
+102505.01%
0.50
+84.44%
0.27
-31.08%
0.39
Receivables
0.51
+36.36%
0.37
-0.12%
0.37
-23.80%
0.49
Other Receivables
0.51
+36.36%
0.37
—
—
Prepaid Assets
0.50
-26.00%
0.67
+540.95%
0.10
+2000.00%
0.01
Other Current Assets
—
0.01
-88.44%
0.13
—
Total Non Current Assets
8,282.05
+144287.13%
5.74
-21.68%
7.32
+3.36%
7.09
Net PPE
0.52
-89.19%
4.77
-3.58%
4.95
-24.23%
6.53
Gross PPE
0.67
-89.15%
6.17
+13.77%
5.42
-17.06%
6.53
Accumulated Depreciation
-0.15
+89.02%
-1.39
-196.15%
-0.47
-14962.56%
-0.00
Properties
0.37
-88.07%
3.09
—
—
Machinery Furniture Equipment
—
—
0.25
—
Other Properties
0.67
-89.15%
6.17
+13.77%
5.42
-17.06%
6.53
Goodwill And Other Intangible Assets
—
—
0.13
+504.04%
0.02
Other Intangible Assets
—
—
0.13
+504.04%
0.02
Investments And Advances
—
0.67
-32.38%
0.99
0.00
Long Term Equity Investment
—
0.67
-32.38%
0.99
0.00
Non Current Accounts Receivable
—
0.28
—
—
Other Non Current Assets
8,281.53
+1212422.69%
0.68
—
—
Total Liabilities Net Minority Interest
102.26
+3099.50%
3.20
+64.28%
1.95
+241.31%
0.57
Current Liabilities
9.96
+218.14%
3.13
+100.89%
1.56
+390.62%
0.32
Payables And Accrued Expenses
8.89
+1142.18%
0.72
+315.40%
0.17
+103.35%
0.08
Payables
—
0.40
+434.80%
0.07
-11.63%
0.08
Accounts Payable
—
0.40
+434.80%
0.07
-11.63%
0.08
Current Accrued Expenses
8.89
+1142.18%
0.72
+634.66%
0.10
0.00
Current Debt And Capital Lease Obligation
—
1.62
+25.00%
1.30
—
Current Debt
—
1.62
+25.00%
1.30
—
Other Current Borrowings
—
1.62
+25.00%
1.30
—
Current Deferred Liabilities
1.07
+35.06%
0.79
+816.55%
0.09
-62.99%
0.23
Current Deferred Revenue
1.07
+35.06%
0.79
+816.55%
0.09
-62.99%
0.23
Other Current Liabilities
—
-0.00
—
—
Total Non Current Liabilities Net Minority Interest
92.30
+141892.31%
0.07
-83.20%
0.39
+53.33%
0.25
Non Current Deferred Liabilities
92.30
+141892.31%
0.07
-83.20%
0.39
+53.33%
0.25
Non Current Deferred Revenue
0.00
-100.00%
0.07
-83.20%
0.39
+53.33%
0.25
Non Current Deferred Taxes Liabilities
92.30
0.00
—
—
Other Non Current Liabilities
—
—
—
-0.00
Stockholders Equity
8,692.80
+212645.89%
4.09
-34.70%
6.26
-15.49%
7.40
Common Stock Equity
8,692.80
+212645.89%
4.09
-34.70%
6.26
-15.49%
7.40
Capital Stock
0.02
0.00
-100.00%
0.01
+2.16%
0.00
Common Stock
0.02
0.00
-100.00%
0.00
+2.18%
0.00
Preferred Stock
0.00
0.00
-100.00%
0.00
+0.00%
0.00
Share Issued
234.71
+9305.00%
2.50
+0.50%
2.48
+2.18%
2.43
Ordinary Shares Number
234.71
+9305.00%
2.50
+0.50%
2.48
+2.18%
2.43
Additional Paid In Capital
8,355.38
+67774.75%
12.31
+10.07%
11.18
+13.36%
9.87
Retained Earnings
337.39
+4202.53%
-8.22
-66.77%
-4.93
-99.93%
-2.47
Total Equity Gross Minority Interest
8,692.80
+212645.89%
4.09
-34.70%
6.26
-15.49%
7.40
Total Capitalization
8,692.80
+212645.89%
4.09
-34.70%
6.26
-15.49%
7.40
Working Capital
503.05
+31837.92%
-1.58
-133.40%
-0.68
-218.87%
0.57
Invested Capital
8,692.80
+152111.47%
5.71
-24.43%
7.56
+2.07%
7.40
Total Debt
—
1.62
+25.00%
1.30
—
Net Debt
—
1.13
+9.38%
1.03
—
Net Tangible Assets
8,692.80
+212645.89%
4.09
-34.70%
6.26
-15.24%
7.38
Tangible Book Value
8,692.80
+212645.89%
4.09
-34.70%
6.26
-15.24%
7.38
Interest Payable
—
0.32
+223.83%
0.10
0.00
Investmentsin Joint Venturesat Cost
—
0.67
-32.38%
0.99
0.00
Non Current Note Receivables
—
0.28
-79.75%
1.39
+160.50%
0.53
Notes Receivable
—
0.37
+0.00%
0.37
-23.80%
0.49
Preferred Stock Equity
—
0.00
+0.00%
0.00
+0.00%
0.00
Line Item Trend 2025-08-31 2024-08-31 2023-08-31 2022-08-31
Operating Cash Flow
-4.15
-13730.00%
-0.03
+96.29%
-0.81
+50.30%
-1.63
Cash Flow From Continuing Operating Activities
-4.15
-14717.86%
-0.03
+96.54%
-0.81
+50.30%
-1.63
Net Income From Continuing Operations
348.58
+10685.39%
-3.29
-33.60%
-2.46
-22.92%
-2.01
Depreciation Amortization Depletion
0.76
-17.64%
0.92
+96.30%
0.47
+14962.56%
0.00
Depreciation
0.76
-17.64%
0.92
+96.30%
0.47
+14962.56%
0.00
Depreciation And Amortization
0.76
-17.64%
0.92
+96.30%
0.47
+14962.56%
0.00
Other Non Cash Items
348.97
+943254.05%
-0.04
-3699900.00%
-0.00
-200.00%
0.00
Stock Based Compensation
2.42
+115.94%
1.12
-14.80%
1.32
+53.85%
0.86
Asset Impairment Charge
1.91
+1493.33%
0.12
-2.40%
0.12
0.00
Operating Gains Losses
-0.65
-290.38%
0.34
—
—
Gain Loss On Investment Securities
-3.75
—
—
—
Unrealized Gain Loss On Investment Securities
-805.01
0.00
—
—
Gain Loss On Sale Of PPE
1.53
+4675.00%
0.03
0.00
—
Change In Working Capital
98.87
+12415.19%
0.79
+407.96%
-0.26
+46.98%
-0.48
Change In Receivables
0.00
-100.00%
0.37
+401.76%
-0.12
+87.89%
-1.02
Change In Prepaid Assets
0.18
+131.23%
-0.57
-470.00%
-0.10
-1900.00%
-0.01
Change In Payables And Accrued Expense
8.70
+1615.78%
0.51
+478.75%
0.09
+8.04%
0.08
Change In Accrued Expense
8.70
+1615.78%
0.51
+420.21%
0.10
0.00
Change In Payable
—
0.37
+3900.12%
-0.01
-112.16%
0.08
Change In Account Payable
—
0.37
+3900.12%
-0.01
-112.16%
0.08
Change In Other Working Capital
92.51
+13040.34%
0.70
+5890.43%
-0.01
-102.51%
0.49
Change In Other Current Assets
-2.52
-1017.78%
-0.23
-108.27%
-0.11
-404.04%
-0.02
Investing Cash Flow
-7,432.01
-11092450.75%
-0.07
+89.06%
-0.61
+77.87%
-2.77
Cash Flow From Continuing Investing Activities
-7,432.01
-10929325.00%
-0.07
+88.89%
-0.61
+77.87%
-2.77
Net PPE Purchase And Sale
-1.06
-1301.32%
-0.08
+87.59%
-0.61
+77.87%
-2.77
Purchase Of PPE
-1.06
-1301.32%
-0.08
+87.59%
-0.61
+77.87%
-2.77
Capital Expenditure
-1.06
-1301.32%
-0.08
+87.59%
-0.61
+77.87%
-2.77
Net Investment Purchase And Sale
-7,430.94
0.00
—
—
Purchase Of Investment
-7,433.13
0.00
—
—
Sale Of Investment
2.19
0.00
—
—
Net Business Purchase And Sale
0.00
-100.00%
0.01
0.00
—
Net Other Investing Changes
—
0.00
—
—
Financing Cash Flow
7,947.66
+2445333.54%
0.33
-75.00%
1.30
-71.56%
4.57
Cash Flow From Continuing Financing Activities
7,947.66
+2445333.54%
0.33
-75.00%
1.30
-71.56%
4.57
Net Issuance Payments Of Debt
-0.62
-289.85%
0.33
-75.00%
1.30
-52.86%
2.76
Issuance Of Debt
1.28
+295.38%
0.33
-75.00%
1.30
-52.86%
2.76
Repayment Of Debt
-1.90
0.00
—
—
Short Term Debt Issuance
1.28
+295.38%
0.33
-75.00%
1.30
-52.86%
2.76
Short Term Debt Payments
-1.90
0.00
—
—
Net Short Term Debt Issuance
-0.62
-289.85%
0.33
-75.00%
1.30
-52.86%
2.76
Net Common Stock Issuance
7,948.05
0.00
0.00
-100.00%
1.81
Changes In Cash
511.50
+223262.45%
0.23
+287.70%
-0.12
-170.19%
0.17
Beginning Cash Position
0.50
+84.81%
0.27
-31.22%
0.39
+79.46%
0.22
End Cash Position
512.00
+102505.01%
0.50
+84.44%
0.27
-31.08%
0.39
Free Cash Flow
-5.21
-4818.87%
-0.11
+92.55%
-1.42
+67.66%
-4.40
Change In Interest Payable
—
0.22
+123.83%
0.10
0.00
Common Stock Issuance
7,948.05
0.00
0.00
-100.00%
1.81
Earnings Losses From Equity Investments
1.28
+310.93%
0.31
0.00
—
Issuance Of Capital Stock
7,948.28
0.00
0.00
-100.00%
1.81
Net Preferred Stock Issuance
0.23
0.00
—
—
Preferred Stock Issuance
0.23
0.00
—
—
Sale Of Business
0.00
-100.00%
0.01
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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