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.

Ticker
BMNR
Exchange
NYSE
Sector
Financial Services
Industry
Capital Markets
Market cap
$10.87B
52-week range
$12.80 - $43.77

Valuation

Share price
$18.76 (close of Nov 6, 2026)
P/E (TTM)
-2.24x
Price to book
0.94x
Price to free cash flow
-36.92x
Enterprise value
$10.54B
Book value per share
$20.01

Price performance

PeriodChange
1 day-1.26%
5 days-7.04%
1 month-28.40%
3 months+2.51%
6 months-18.11%
Year to date-30.90%
1 year-49.80%
All time+142.06%

Short interest

As of
Oct 15, 2026
Short % of float
6.71%
Shares short
39.91M
Days to cover
1.25
Change since prior report
+14.95%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
4.01%
Return on assets
3.96%
Net margin
5,719.06%
Revenue growth
84.14%

Cash flow and balance sheet

Free cash flow yield (TTM)
-2.71%
Current ratio
36.68x
Net debt to EBITDA
0.04x

Latest reported year

Period end
Aug 31, 2025
Fiscal year
2025
Revenue
$6.09M
Net income
$348.58M
Earnings per share
$13.60
Interest expense
$245.00K
Shares outstanding
24.14M

Income statement by year

Period endRevenueNet incomeEPS
2025-08-31$6.09M$348.58M$13.60
2024-08-31$3.31M-$3.29M-$1.32
2023-08-31$645.28K-$2.46M-$1.00
2022-08-31$427.67K-$2.01M-$1.00
2021-08-31--$154.24K-$0.40
2013-12-31$87.07K-$29.20K-
2012-12-31$573.45K$386-

Margins and returns by year

Period endNet marginReturn on equity
2025-08-315,719.06%4.01%
2024-08-31-99.49%-80.59%
2023-08-31-381.99%-39.39%
2022-08-31-468.87%-27.08%
2021-08-31--42.78%
2013-12-31-33.54%-
2012-12-310.07%-

Cash and debt by year

Period endCashDebt
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-
2020-08-31$1.93K-
2013-12-31$1.38K$40.00K
2012-12-31$16.09K$40.00K

Free cash flow by year

Period endFree cash flowStock-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
2013-12-31-$28.71K-
2012-12-31$2.77K-

Dividend history

Most recent payment
Dec 8, 2025
Paid in the last twelve months
$0.01
Payment dateDividend per share
2025-12-08$0.01

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-14May 2026$0.07
2026-04-14Feb 2026-
2026-01-13Nov 2025-
2025-07-02May 2025-

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 · Short interest · 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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