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TickerTalks›$BMNR
BMBMNR

Bitmine Immersion Technologies, Inc.

Rising onWhy it's trendingX chatter spiked vs its recent normStrong bullish X conversationBacked by solid revenue growth
$BMNR·$8.5B·Financial - Capital Markets·Financial Services
$15.20-1.6%YTD-44.9%1Y-65.5%
Mentions · last 7 days
2026-07-10: 243 posts2026-07-11: 149 posts2026-07-12: 196 posts2026-07-13: 358 posts2026-07-14: 449 posts2026-07-15: 567 posts2026-07-16: 392 posts2,383+30%
Price updated 14m ago·X counts updated 18h ago
BMBMNR
$BMNRBitmine Immersion Technologies, Inc.
$15.20-1.55%2.4k posts+30%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $BMNR, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Driven by hypeSelling offAI verdict · as of 2026-07-16

Falling on heavy selling — points lower unless it turns around.

Ethereum treasury company holding 5% of ETH supply — down 60% in a year while the story stays intact.

BitMine Immersion Technologies is best understood as an Ethereum treasury vehicle — it holds ~5.74 million ETH (roughly 5% of the entire supply) and its equity value is largely a leveraged bet on the ETH price. Tom Lee is publicly associated with the story. The stock is down 60% over the last year and sits at the 5th percentile of its 52-week range.

  • ETH holdings of 5.74M tokens make BMNR the second-largest ETH treasury company after Strategy — a real, verifiable on-chain asset base, not a promotional claim.
  • Trades at 512x TTM sales because sales here are almost meaningless — the equity is a levered proxy for ETH, and the enterprise value is essentially ETH-equivalent divided by the share count.
  • Operating margin was -216% last quarter and free cash flow was negative — the operating business is a small mining shell wrapped around the treasury; the equity thesis is entirely about the ETH stack.
  • A running $100M+ weekly accumulation pace is happening on-chain — that's real capital deployment into ETH, which is either dilutive (if funded via new equity) or accretive (if via retained cash), and the disclosure discipline here matters more than the headline.
  • 52-week position 5th percentile with beta 1.67 and position vs 200-day MA -43% — the tape has broken; a fresh preferred-stock dividend program plus the fiscal-year-end change to December are corporate-housekeeping items that don't rescue the equity setup.

This is a bet on ETH, not on BitMine as an operating business — a rally in ETH above $4,000 with a controlled dilution pace is the only realistic path to the $20 target community bulls are calling for. The FY-end change to December pushes real earnings visibility to November — that's the next meaningful data point. Below $12, the treasury discount gets ugly.

Agrees with X sentimentThe X take is analytically right: BMNR is an ETH proxy, the 5% of supply framing is real, and Tom Lee's involvement is a genuine narrative anchor. Where the crowd is thin: 'BMNR to $20 next week' assumes both an ETH rally and no fresh equity issuance to fund the accumulation — those aren't independent bets.

What to watch: The Ethereum price and the pace of any equity raises to fund further ETH accumulation. A run in ETH toward $4,000 with disciplined issuance is the only path higher; more dilution at these lows is where the discount widens.

On the calendar: 2026-11-20 — Q1 earnings (new December year-end)

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment45 posts analyzed · as of 2026-07-15

BitMine chatter is bullish Ethereum-treasury play. BMNR owns 5.74M ETH (roughly 5% of the entire ETH supply) making it the second-largest treasury company after Strategy. On-chain data shows a fresh $35.92M/20,500 ETH buy and a running $100M+/60K weekly accumulation pace. Tom Lee is closely associated with the story and traders read his tweet cadence as signaling incoming ETH strength. Chart bulls call for BMNR to hit $20 next week and note earnings drop after Friday close. Ethereum bulls note financial institutions favor ETH by a massive ratio over any other chain. The only real bear tone is skepticism about ETH direction generally.

Read the AI verdict + X sentiment for $BMNR

  • 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)
  • X crowd read with bullish/bearish call + post volume
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What it does

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

Crypto infrastructure company running Ethereum treasury operations and Bitcoin mining services using immersion cooling technology.

Industry overviewAI analysisGenerated by AI from underlying data

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

Financial - Capital Markets · Financial Services

No material change from last week — Robinhood reporting its highest single-day signups confirms the retail infrastructure layer directly benefits from high-profile IPO cycles.

What this means for $BMNR

Neutral — Crypto infrastructure company running Ethereum treasury operations and Bitcoin mining services using immersion cooling technology; this business's revenue is largely decoupled from the retail trading surge and IPO/crypto market cycle.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
+6.8%YTD
+12.0%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
-36.6%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
-216%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
-3.8%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
511.5Same 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
-164%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
64.4%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 13, 2026$-0.15$-0.04-275.0%
Q1 2026Apr 14, 2026$0.09$0.18-52.8%
Q4 2025Jan 14, 2026$-15.98$0.15-10753.3%
Q3 2025Nov 21, 2025$13.62$-0.10+13720.0%
Next earningsFri, Nov 20·consensus EPS $0.06

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q2 FY26$11.0M+627.6%87.1%-34785%$-8.40$-88.2M
Q1 FY26$2.3M+91.0%55.3%-9689%$-15.98$-228.7M
Q4 FY25$1.3M+94.1%-45.7%33699%$1.62$-6.6M
Q3 FY25$2.1M+67.5%23.9%-22.8%$-0.00$1.7M

Forward consensus

3-year forecast · up to 1 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$124.8M$109.6M – $139.9M-$7.57-$8.76 – -$6.371
FY27$438.1M$385.0M – $491.2M$0.69$0.58 – $0.791
FY28$450.7M$396.1M – $505.3M$0.49$0.41 – $0.571

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.0.7×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.4%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.-11.1%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.-43.9%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 529.6M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today5.4% 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.β1.675-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.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

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
+ 16 other (9 awards · 6 exempts · 1 inkind) in window

See when $BMNR 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 FDJul 168-K — Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies (BMNR) published an investor presentation by Executive Chairman Tom Lee on July 16, 2026, furnished under Reg FD along with a video transcript and press release (Exhibits 99.1–99.3). The filing discloses these materials are for investor relations and related purposes. No specific financial data or transaction details are described in the 8-K body. This is a routine Reg FD disclosure providing market context on the company.

8-KCharter amendmentJul 138-K — Item 5.03: Charter amendment · Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies' Board approved a change in fiscal year-end from August 31 to December 31, effective after the current fiscal year ending August 31, 2026. The company will file a Form 10-KT transition report covering September 1 through December 31, 2026, with the new fiscal year beginning January 1, 2027. The company also issued a press release updating operations (content not in excerpt). Administrative fiscal year alignment to the calendar year; investors will need to account for a 4-month stub-period transition report before comparisons normalize.

8-KPress release / Reg FDJul 68-K — Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies, Inc. issued a press release on July 6, 2026 announcing an operations update, furnished via Regulation FD Item 7.01. The press release is attached as Exhibit 99.1. No specific operational figures or financial data are reproduced in the filing body itself. This is a routine company update; investors should review the attached exhibit for the operational details.

8-KPress release / Reg FDJun 298-K — Item 7.01: Press release / Reg FD
AI summary

BitMine Immersion Technologies issued an operational update press release under Reg FD on June 29, 2026. Routine investor communications disclosure for this crypto mining company; no material new quantitative data is extractable from the available excerpt.

8-KPress release / Reg FDJun 228-K — Item 7.01: Press release / Reg FD
AI summary

BitMine Immersion Technologies, Inc. issued a press release on June 22, 2026 providing an operational update and announcing record and payment dates for cash dividends on its 9.50% Series A Perpetual Preferred Stock (BMNP). The press release content (operational details and dividend dates) is in Exhibit 99.1 rather than the body of the filing. BitMine is an emerging growth company in immersion-cooled bitcoin mining. The dividend declaration reaffirms commitment to preferred shareholders; operational update details remain in the attached exhibit.

8-KPress release / Reg FDJun 188-K — Item 7.01: Press release / Reg FD
AI summary

BitMine Immersion Technologies (BMNR) announced a cash dividend on its 9.50% Series A Perpetual Preferred Stock via a Reg FD 8-K filed June 18, 2026. Specific dividend amount, record date, and payment date were not in the excerpt. This is a routine preferred dividend declaration.

8-KPress release / Reg FDJun 158-K — Item 7.01: Press release / Reg FD
AI summary

Bitmine Inc. (BMNR) made a Reg FD disclosure (Item 7.01) in an 8-K filed June 15, 2026. Body unavailable — excerpt cuts off before the substance of the disclosure is revealed.

8-KPress release / Reg FDJun 128-K — Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies, Inc. disclosed via Reg FD on June 12, 2026 the declaration of initial cash dividends on its 9.50% Series A Perpetual Preferred Stock. The press release (Exhibit 99.1) was furnished, not filed. The initiation of preferred dividends on a Bitcoin mining company's perpetual preferred stock signals a capital allocation commitment that may constrain operating cash flexibility during volatile crypto market conditions.

+ 51 other (34 8-Ks · 2 10-Qs · 2 CERTs · 2 8-A12Bs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Eightco Holdings (NASDAQ: ORBS) Reports Total Holdings of Approximately $406 Million, Includes OpenAI, Beast Industries, More Than 16,000 ETH and Over 283 Million WLD Tokensprnewswire.com·1d agoBitmine Immersion Technologies (BMNR) Releases July Chairman's Message: "ETH is the cure for the 'Uncanny Valley of Wealth'"prnewswire.com·1d agoEthSystems startet mit dem Ziel, Datenschutzlösungen für Institutionen auf Ethereum zu entwickelnprnewswire.com·3d agoEthSystems Launches to Build Privacy Solutions for Institutions on Ethereumprnewswire.com·3d agoWhy Bitmine Immersion Stock Collapsed 51% In The First Half of 2026fool.com·4d ago

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