TickerTalks
Browse all tickers →
TickerTalks›$BMNP
BMBMNP

Bitmine Immersion Technologies, Inc.

$BMNP·$11B·Financial - Capital Markets·Financial Services
$97.91+0.5%1Y+12.5%
Price updated 7h ago·X counts updated 5d ago
BMBMNP
$BMNPBitmine Immersion Technologies, Inc.
$97.91+0.45%14 posts
AI analysisFundamentalsVoices on X
Loading…

On X

The complete picture of $BMNP on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

14X posts · last 7 days
Sep 2Sep 14
Bullish sentimentAI analysisGenerated by AI from underlying data8 posts analyzed · as of 2026-09-07

BitMine's 9.5% Series A Perpetual Preferred (BMNP) closed at $98.15 (+1.51%). BitMine bought another 53,501 ETH this week, targeting 5% of ETH supply (~50K+ accumulated). Holders anchor on the massive cash pile, Fundstrat/Tom Lee association, and a September crypto catalyst window over the next 12-16 weeks.

Read what X is saying about $BMNP

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
Free, forever. No credit card.

AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $BMNP — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Driven by hypeEvent coming upAI verdict · as of 2026-09-19

A known event soon (earnings, a ruling, etc.) will likely decide the next move.

BitMine's 9.5% preferred vehicle is an ETH-treasury derivative — the ETH-supply target and the terminated staking MSA are the whole thesis.

BMNP is the 9.50% Series A Perpetual Preferred stock of BitMine Immersion Technologies, whose economics are dominated by the underlying Ethereum treasury and the yield structure of the preferred.

  • The underlying ETH treasury strategy is aggressive: BitMine bought another 53,501 ETH this week and targets 5% of total ETH supply (roughly 50,000+ ETH already accumulated per the Fundstrat/Tom Lee-associated commentary) — the preferred rides that thesis with a fixed 9.5% coupon overlay.
  • The September 8 8-K terminating the 10-year Master Service Agreement with Ethereum Tower for ETH staking services (effective September 3) is a strategic pivot away from third-party staking economics — the immediate P&L impact is uncertain, but it consolidates control over the treasury's yield.
  • Q1 (fiscal August 31, 2026) EPS came in at -$0.15 versus a -$0.04 estimate — a large miss on tiny numbers, characteristic of a company transitioning its revenue model from mining to treasury.
  • Analyst forecasts show the transition: FY26 revenue $121M with EPS -$21.89, then FY27 $594.9M revenue and EPS +$0.64, FY28 $993.7M revenue and $1.25 EPS — reflecting the expected staking-yield ramp once the treasury reaches scale.
  • The preferred closed at $98.15 (just below par of $100) — the yield discipline is holding, but the equity underneath is untested at scale.
Agrees with X sentimentX's anchoring on the ETH-supply-target thesis, Fundstrat/Tom Lee association, and the September-November crypto catalyst window matches the file — the crowd is reading the same variables the filings disclose, though the fixed-coupon preferred structure caps upside participation in any BTC-style price melt.

What to watch: The Ethereum staking economics post-Ethereum Tower MSA termination (self-custody yield versus outsourced yield); any 8-K disclosing a new MSA or self-custody validator infrastructure would materially change the yield-generation math.

On the calendar: Q2 earnings 2026-11-20

Read the AI verdict on $BMNP

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
Free, forever. No credit card.

What it does

Plain-English summary of the business — what they sell and how they make money.

Digital asset treasury company holding ETH as its primary reserve asset while offering digital ecosystem consulting services.

Industry overviewAI analysisGenerated by AI from underlying data

Where Financial - Capital Markets sits in its cycle right now — and what that implies for $BMNP.

Financial - Capital Markets · Financial Services

Digital-asset platforms are the primary growth engine as retail tokenized-asset trading surges and stablecoin adoption gains institutional backing; traditional brokers benefit from continued equity market strength extending the IPO and advisory cycle.

What this means for $BMNP

Partial — Ethereum treasury holding benefits from ETH appreciation; consulting segment provides minimal revenue offset to crypto-price risk.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
+1.4%YTD
+4.8%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-0.8How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-76.4%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-145%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-2.8%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
171.5Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-84.6%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
83.5%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 14, 2026$-0.15$-0.04-275.0%
Q1 2026Apr 14, 2026$-8.40$-0.04-20900.0%
Q4 2025Jan 13, 2026$15.98$0.15+10553.3%
Q2 2025Jul 2, 2025$-0.30$-0.31+3.2%
Next earningsFri, Nov 20·consensus EPS $0.01

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q3 FY26$46.5M+2167.9%87.7%-25.5%$-0.15$29.0M
Q2 FY26$11.0M+627.6%87.1%-34980%$-8.40$-88.2M
Q1 FY26$2.3M+91.0%55.3%-237863%$-15.98$-228.7M
Q4 FY25$1.3M+94.1%-45.7%33699%$1.62$-6.6M

Forward consensus

3-year forecast · up to 1 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$121.0M$121.0M – $121.0M-$21.89-$21.89 – -$21.891
FY27$594.9M$594.9M – $594.9M$0.64$0.64 – $0.641
FY28$993.7M$993.7M – $993.7M$1.25$1.25 – $1.251

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.4×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.—Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+6.5%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.—Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 556.7M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.0% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.005-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

BuyApr 20Lori LoveDirector227 sh$5KBuyApr 16Lori LoveDirector474 sh$10K
+ 10 other (10 exempts) in window

See when $BMNP insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KPress release / Reg FDSep 148-K — Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies (BMNP — issuer of the 9.50% Series A Perpetual Preferred Stock) filed an 8-K under Item 7.01 (Reg FD) on September 14, 2026, furnishing an operations update press release as Exhibit 99.1. This is the same filing as the concurrently filed BMNR 8-K (both classes of securities trade under the same issuer entity, CIK 1829311). The press release text was not captured in the body excerpt. Preferred stockholders should refer to the BMNR filing for the same disclosure.

8-KAgreement terminatedSep 88-K — Item 1.02: Agreement terminated · Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies (BMNP) filed an 8-K (Item 1.02) disclosing that it terminated its 10-year Master Service Agreement with Ethereum Tower for ETH staking services, effective September 3, 2026. The agreement, originally entered July 7, 2026, had an aggregate contract value that is now null. The termination was mutual, with no penalties disclosed.

8-KPress release / Reg FDAug 318-K — Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies, Inc. filed an 8-K simultaneously covering both its common stock (BMNR) and 9.50% Perpetual Preferred Stock (BMNP), disclosing a Reg FD operations update press release on August 31, 2026. No specific operational details are provided in the 8-K body; material content is in Exhibit 99.1. Routine Reg FD disclosure; significance depends on the operational update in the attached exhibit.

8-KPress release / Reg FDAug 248-K — Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies (BMNP ticker, same company as BMNR) issued a press release on August 24, 2026 announcing an operational update, furnished as Exhibit 99.1 under Item 7.01 Reg FD. BMNP is the company's 9.50% Series A Perpetual Preferred Stock. The operational update content is not visible in the excerpt. This is the preferred-share-class equivalent of the BMNR filing (Job 7); same underlying company event, reported for both the common and preferred share classes.

8-KPress release / Reg FDAug 178-K — Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies, Inc. issued a Reg FD press release on August 17, 2026 announcing an update on the company's operations, covering both the BMNR (common stock) and BMNP (9.50% Series A Perpetual Preferred Stock) securities. No specific operational details are available in the excerpt; the full update is in Exhibit 99.1. Routine operational update disclosure; materiality depends on the content of the press release.

8-KPress release / Reg FDAug 148-K — Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies, Inc. declared cash dividends on its 9.50% Series A Perpetual Preferred Stock (BMNP) on August 14, 2026, announcing record and payment dates for upcoming distributions. The specific dividend amounts and dates are in the press release (Exhibit 99.1) and were not captured in the excerpt. Routine preferred dividend declaration consistent with the 9.50% Series A perpetual preferred terms; no change in dividend rate is indicated.

8-KPress release / Reg FDAug 108-K — Item 7.01: Press release / Reg FD
AI summary

BITMINE IMMERSION TECHNOLOGIES, INC. (BMNP) filed a Reg FD disclosure (Item 7.01) on 2026-08-10, furnishing an investor presentation or Reg FD disclosure. Reg FD filings ensure simultaneous public disclosure of material information shared with select investors. This is generally an informational filing; no new deal terms or financial results were announced unless noted. Investors should review the attached exhibit for updated guidance or strategic commentary.

8-KPress release / Reg FDAug 38-K — Item 7.01: Press release / Reg FD
AI summary

BMNP made a Regulation FD disclosure to provide material information simultaneously to all market participants. The full disclosure is attached as Exhibit 99.1. Reg FD prevents selective disclosure of material non-public information; investor presentations and press releases are commonly furnished under Item 7.01 for fair access by all BMNP investors.

+ 43 other (30 8-Ks · 2 10-Qs · 2 CERTs · 2 8-A12Bs) in window

In themes

Explore the broader themes this ticker is being talked about under.

Crypto Equity Plays

More in Financial - Capital Markets

Peers in the same group — one click to compare setups, fundamentals, and chatter.

$HOOD$GOLD$PURR$BMNR$CRCL$MARA$GLXY$ABTC
Voices on X · last 7 days

No standout posts about $BMNP on X in the last 7 days.

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

PrivacyTermsSupport