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BMBMNR

Bitmine Immersion Technologies, Inc.

$BMNR·$11B·Financial - Capital Markets·Financial Services
$25.32+6.4%YTD-35.4%1Y-40.4%
Mentions · last 7 days
2026-08-21: 520 posts2026-08-22: 179 posts2026-08-23: 175 posts2,213+5%
Price updated 2h ago·X counts updated 8d ago
BMBMNR
$BMNRBitmine Immersion Technologies, Inc.
$25.32+6.39%2.2k posts+5%
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 hypeAcceleratingAI verdict · as of 2026-08-31

The move is getting stronger, with heavier trading behind it.

A crypto treasury vehicle dressed as a mining company — an ETH proxy with a staking yield, and the equity trades exactly like that.

Bitmine Immersion is nominally a Bitcoin-mining and hosting-services business, but in practice it has become the largest listed Ethereum treasury — holding roughly 5.85M ETH (about 4.83% of total supply) plus cash, worth about $14.9B. The operating business is a rounding error next to that ETH position, and the equity trades as an ETH proxy with a staking yield attached.

  • The fundamentals only make sense through the treasury lens: TTM revenue is tiny (Q1 revenue was $11M off a near-zero base), so headline growth rates are meaningless — this equity is priced on ETH per share, not enterprise value on cash flow, and the reported PS ratio of 511x is telling you the same thing in the opposite direction.
  • The staking-yield leg is the actual product: staking revenue climbed from roughly $250M to $356M annualized in the space of a week, on a Tom Lee-championed ETH-treasury playbook that assumes ETH itself keeps compounding — the same bet a holder makes by owning ETH directly, plus a management-fee drag.
  • Recent structural signals are constructive: the tape is 36% above the 50-day moving average off a doubling from the June $12 lows, and mNAV (market cap divided by net asset value) is back above 1.0 — the equity is again pricing at a premium to its underlying ETH, meaning the treasury story is being paid for.
  • The insider signal is essentially absent: no reported officer buys or sells in the bundle, which for a treasury vehicle is a shrug — the story is the ETH price, not what management does with their shares.

The path if it works is ETH continuing higher and mNAV holding above 1.0 — the treasury compounds and the equity gives leveraged exposure. The path if it doesn't is exactly what earlier 2026 showed: any ETH price weakness compresses mNAV back below 1.0 fast and this becomes a discount-to-holdings trade instead of a premium one. Size it like an ETH bet with governance overhead, not a compounder.

Agrees with X sentimentThe euphoric X take — doubling off the June $12 lows, staking revenue climbing to $356M annualized, mNAV back above 1.0 on Tom Lee's ETH-treasury thesis — captures the actual mechanics driving the stock; the honest caveat the crowd underweights is that this equity is a leveraged ETH bet with governance overhead, not a compounding business, and mNAV mean-reverting is a real risk any time ETH stalls.

What to watch: The ETH price relative to $80K and mNAV holding above 1.0 — sustained ETH strength keeps this at a premium to holdings, an ETH pullback compresses mNAV and the equity gives back its recent doubling.

On the calendar: 2026-11-20 — Q3 2026 earnings

float missing

X sentiment

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

Bullish sentiment143 posts analyzed · as of 2026-08-30

Euphoria dominates as BitMine has roughly doubled off the June $12 lows on Tom Lee's ETH-treasury thesis. Posters flag the company crossing 4.83% of total ETH supply — nearly 5.85M coins — staking revenue climbing from around $250M to $356M annualized inside a week, and mNAV back above 1.0. One trader disclosed a $4.3M short, but the crowd around it stays convinced ETH breakouts run violently.

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

IPO and M&A activity — the primary revenue driver for capital markets firms — is recovering as equity market strength rebuilds corporate confidence and sponsor exit windows open. Retail trading volume (HOOD's record signups) confirms the infrastructure layer captures incremental activity.

What this means for $BMNR

Direct beneficiary — business directly tied to crypto market cap and adoption cycle; Crypto infrastructure company running Ethereum treasury operations and Bitcoin m.

Top industry ETF

$IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF
+5.0%YTD
+13.1%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 $0.03

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$125.2M$117.5M – $132.9M-$15.82-$17.08 – -$14.561
FY27$429.9M$403.5M – $456.2M$0.50$0.46 – $0.541
FY28$441.7M$437.2M – $446.2M$0.49$0.45 – $0.531

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.1.3×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.21%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.+36.1%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.+5.3%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

β1.565-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
+ 10 other (10 exempts) 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 FDAug 248-K — Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies (BMNR) issued a press release on August 24, 2026 announcing an operational update for the company, furnished as Exhibit 99.1 under Reg FD disclosure (Item 7.01). The specific details of the operational update are in the exhibit and not visible in the excerpt. The filing is a routine furnishing of an operations update for this Bitcoin mining company; no financial specifics are ascertainable from the excerpt alone.

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. 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 (BMNR) declared cash dividends on its 9.50% Series A Perpetual Preferred Stock (BMNP) on August 14, 2026, disclosing record and payment dates via Reg FD press release. Specific dollar amounts and dates are in Exhibit 99.1, not the 8-K body. Routine preferred dividend declaration; cash outlay depends on shares outstanding.

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

BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR) 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

BMNR 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 BMNR investors.

8-KPress release / Reg FDJul 278-K — Item 7.01: Press release / Reg FD
AI summary

BitMine Immersion Technologies, Inc. (Delaware; Norwalk, CT), which has both common stock and 9.50% Series Perpetual Preferred Stock registered, filed an 8-K under Item 7.01 (Reg FD disclosure) on July 27, 2026, furnishing investor presentation materials. The body excerpt contains only the cover page. This is routine investor communication from the crypto mining company; the presentation content is in the attached exhibit.

8-KPress release / Reg FDJul 208-K — Item 7.01: Press release / Reg FD
AI summary

Bitmine Immersion Technologies, Inc. (BMNR) filed a Reg FD 8-K on July 20, 2026, attaching an operational update press release (Exhibit 99.1), signed by CEO Chi Tsang. The body excerpt contains only the cover page and standard Item 7.01/9.01 language — no specific operational details are disclosed. The filing is furnished (not filed) and carries no Section 18 liability. The nature and materiality of the update require review of the attached exhibit.

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.

+ 46 other (31 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.

Why Is BitMine Immersion Stock Surging on Thursday?benzinga.com·4d agoBitmine Immersion Technologies (BMNR) kondigt aan dat zijn ETH-holdings 5,85 miljoen tokens hebben bereikt en dat de totale holdings in cryptovaluta en liquide middelen 14,9 miljard dollar bedragen.prnewswire.com·6d agoCrypto Stocks Rally While Bitcoin Trades Near $80K: CleanSpark Jumps 7%, BitMine Climbs 4%247wallst.com·6d agoBitmine Immersion shares jump over 7% as crypto holdings reach $14.9Bproactiveinvestors.com·7d agoStrive Jumps 5% as CEO Declares the Bitcoin Bear Market Over, Strategy and Bitmine Rise 3%247wallst.com·8d ago

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