BitMine Immersion Technologies, Inc. (BMNR)
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.
- Symbol
- BMNR
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Capital Markets
- Market cap
- $15.91B
- 52 week range
- 12.8 - 65.6
Valuation
- Share price
- $27.46 (close of 2026-09-23)
- P/E (TTM)
- -3.28x
- Price to book
- 1.37x
- Price to free cash flow
- -54.02x
- Enterprise value
- $15.57B
- Book value per share
- $20.01
Price performance
| Period | Change |
|---|
| 1 day | -4.52% |
| 5 days | +20.39% |
| 1 month | +20.28% |
| 3 months | +81.49% |
| 6 months | +29.10% |
| Year to date | +1.14% |
| 1 year | -49.61% |
| All time | +254.32% |
Profitability and growth
- Return on equity
- 4.01%
- Return on invested capital
- 4.30%
- Return on assets
- 3.96%
- Return on capital employed
- 5.06%
- Gross margin
- 5.09%
- Net margin
- 5719.06%
- EBITDA margin
- 7300.61%
- Revenue growth
- 84.14%
- Net income growth
- 10685.39%
- Free cash flow growth
- -4818.87%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -1.85%
- Current ratio
- 36.68x
- Net debt to EBITDA
- 0.04x
Latest reported year
- Period end
- 2025-08-31
- Fiscal year
- 2025
- Revenue
- $6.09M
- Cost of revenue
- $5.79M
- Gross profit
- $310.00K
- EBITDA
- $444.97M
- Net income
- $348.58M
- Earnings per share
- $13.60
- Shares outstanding
- 24.14M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-08-31 | $6.09M | $310.00K | $348.58M | $13.60 |
| 2024-08-31 | $3.31M | $761.03K | $-3.29M | $-1.32 |
| 2023-08-31 | $645.28K | $222.47K | $-2.46M | $-0.05 |
| 2022-08-31 | $427.67K | $-129.03K | $-2.01M | $-0.05 |
| 2021-08-31 | - | - | $-154.24K | $-0.02 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-08-31 | 5.09% | 5719.06% | 4.01% | 4.30% |
| 2024-08-31 | 22.99% | -99.49% | -80.59% | -46.97% |
| 2023-08-31 | 34.48% | -381.99% | -39.39% | -33.12% |
| 2022-08-31 | -30.17% | -468.87% | -27.08% | -24.45% |
| 2021-08-31 | - | - | -42.78% | -92.95% |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-08-31 | $512.00M |
| 2024-08-31 | $499.00K |
| 2023-08-31 | $270.55K |
| 2022-08-31 | $392.55K |
| 2021-08-31 | $218.74K |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-08-31 | $-5.21M | $2.42M |
| 2024-08-31 | $-106.00K | $1.12M |
| 2023-08-31 | $-1.42M | $1.32M |
| 2022-08-31 | $-4.40M | $856.72K |
| 2021-08-31 | $-503.66K | $71.25K |
Dividend history
- Most recent payment
- 2025-12-08
- Paid in the last twelve months
- $0.01
| Payment date | Dividend per share |
|---|
| 2025-12-08 | $0.01 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-14 | May/2026 | $0.07 |
| 2026-04-14 | - | - |
| 2026-01-13 | - | - |
| 2025-07-02 | - | - |
Filings and sources
- Company website
- bitminetech.io
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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