BitMine Immersion Technologies,
BMNR
Positions held
Your positionsBMNR isn't in your positions.
Add it to see shares, cost, and P&L here.
Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- BitMine Immersion Technologies operates in the capital markets sector, which is poised for growth as digital assets gain mainstream acceptance.
- Revenue increased by 321% compared to the prior quarter, reaching $47 million from $11 million.
- The gross margin improved to 87.7%, up from 87.1% in the previous quarter.
- The company has a negative profit margin and has reported losses in recent quarters, indicating operational challenges.
- Operating margin for the latest quarter was -25.5%, reflecting ongoing difficulties in managing costs.
- Net income for the most recent quarter was -$83.576 million, highlighting significant financial strain.
Fundamentals
| Market cap | $14.50B | Enterprise value | $14.16B | Trailing P/E | — | Forward P/E | 25.57 |
| PEG | — | Price / book | 1.20 | Beta | 1.91 | Dividend yield | 0.04% |
| Revenue growth | 21.7% | Earnings growth | — | Gross margin | 84.4% | Operating margin | 8.4% |
| Profit margin | 0.0% | ROE | -1.5% | ROA | -3.2% | Debt / equity | 0.00 |
| Current ratio | 36.68 | Free cash flow | -$518.10M | Analyst recommendation | strong_buy | Mean target | $45.87 |
| 52w high | $60.94 | 52w low | $12.80 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $46.5M | $11.0M | $2.3M | $1.3M | $2.1M | — |
| Op margin | -25.5% | -34979.5% | -237863.1% | -27197.9% | -22.8% | — |
| Net income | -$83.6M | -$3.8B | -$5.2B | $351M | -$0.6M | — |
| Gross margin | 87.7% | 87.1% | 55.3% | -45.7% | 15.1% | — |
| Gross profit | $40.8M | $9.6M | $1.3M | -$0.6M | $0.3M | — |
| Operating income | -$11.9M | -$3.9B | -$5.5B | -$360M | -$0.5M | — |
- Revenue +321% vs prior quarter ($47M vs $11M).
- Gross margin 87.7% (was 87.1% prior quarter).
- Operating margin expanded to -25.5%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $6.1M | $3.3M | $0.6M | $0.4M |
| Op margin | -5949.7% | -73.8% | -357.7% | -398.1% |
| Net income | $349M | -$3.3M | -$2.5M | -$2.0M |
| Gross margin | 5.1% | -4.9% | 34.5% | -30.2% |
| Gross profit | $0.3M | -$0.2M | $0.2M | -$0.1M |
| Operating income | -$363M | -$2.4M | -$2.3M | -$1.7M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · Tom Lee’s BitMine Owns 4.9% of All Ethereum. What Happens When It Hits 5%?
2026-10-08 · Ethereum News: BitMine To Halt Buying at 5% ETH Supply Cap
2026-10-08 · BTC Price Slips Below $83K, Crypto Stocks Fall After Report Of Possible US Strikes On Iran
2026-10-07 · Bitcoin, XRP, and Ethereum Drop as Cryptos Face a Perfect Storm
2026-10-07 · Bitmine Falls 7% as Tom Lee Says the Ethereum Buying Spree Is About to End; Sharplink and Strategy Drop 5%
2026-10-07 · Bitmine Immersion Technologies (BMNR) Builds Its Ethereum Stash, Is The Stock Undervalued?
2026-10-07 · Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says
2026-10-07 · BTC Price Drops Back To $83K – Global Bond Rout Drags MSTR, COIN, CRCL, BMNR Stocks Toward September Lows
2026-10-07 · Ethereum Drops 5% After Tom Lee Says Bitmine Will Stop Purchases
2026-10-07 · BitMine Is About to Stop Buying Ethereum: What Happens to ETH Price Then?
2026-10-06 · BitMine’s Estimated $3.6B ETH Loss Overshadows Stock Edge
2026-10-06 · BitMine Shares Outperformed Ethereum in 2026, and Tom Lee Highlights One Move
Price (daily)
Full chart · RSI · MACD · patterns