Bitmine Immersion Technologies, Inc. (BMNR)Financial Services | Capital Markets | Las Vegas, United States | NYSE
23.80 USD
-1.83
(-7.140%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 23.70 -0.10 (-0.095%) ⇩ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 3 a.m. EDT
The immediate catalyst here is the company's massive $11.8 billion in crypto and cash holdings, which provides a unique floor and upside potential tied to Bitcoin's recovery. However, the fundamental reality is stark: the business is burning cash with negative free cash flow and negative returns on equity, trading at a premium valuation despite these operational deficits. While the stock recently rallied off its lows, the lack of analyst coverage and the company's inability to generate sustainable earnings suggest this is a speculative play on asset appreciation rather than a turnaround story. The options market is clearly pricing in a move higher, but investors must ignore the deteriorating operational metrics and focus solely on the balance sheet strength. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.249574 |
| AutoTheta | 0.273552 |
| AutoETS | 0.274044 |
| AutoARIMA | 0.309349 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 22% |
| H-stat | 20.64 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.220 |
| Excess Kurtosis | -0.11 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2025-12-04 |
| Last Dividend Date | 2025-12-07 |
| Debt to Equity Ratio | 0.011 |
| Revenue per Share | 0.172 |
| Market Cap | 14,356,787,200 |
| Forward P/E | 25.32 |
| Beta | 1.30 |
| Previous Name | Renewable Energy Solution Systems, Inc. |
| Website | https://bitminetech.io |
As of Aug. 22, 2026, 3 a.m. EDT: Speculators are aggressively positioning for a breakout above the $23 strike, evidenced by massive volume spikes and new flow into calls at $23, $24, and $25 across multiple expirations. This bullish aggression contrasts sharply with the put side, where deep out-of-the-money strikes ($5-$10) show inflated implied volatility suggesting fear of a crash, yet actual open interest is concentrated far lower ($10-$15). The market appears to be betting on a crypto-driven rally to test resistance levels rather than a sustained downtrend.
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-08 | 0.01 | 0.027902 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.39679927 |
| Address1 | 10,845 Griffith Peak Drive |
| Address2 | Suite 2 |
| All Time High | 161.0 |
| All Time Low | 3.92 |
| Ask | 23.75 |
| Ask Size | 2,700 |
| Average Daily Volume10 Day | 49,896,370 |
| Average Daily Volume3 Month | 38,867,356 |
| Average Volume | 38,867,356 |
| Average Volume10Days | 49,896,370 |
| Beta | 1.301 |
| Bid | 23.58 |
| Bid Size | 5,800 |
| Book Value | 20.011 |
| City | Las Vegas |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 23.8 |
| Current Ratio | 36.683 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 25.68 |
| Day Low | 23.75 |
| Debt To Equity | 0.011 |
| Display Name | Bitmine Immersion |
| Dividend Date | 1,766,966,400 |
| Dividend Rate | 0.01 |
| Dividend Yield | 0.04 |
| Earnings Timestamp End | 1,795,204,800 |
| Earnings Timestamp Start | 1,795,204,800 |
| Ebitda | -294,062,016 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -47.671 |
| Enterprise To Revenue | 229.077 |
| Enterprise Value | 14,018,367,488 |
| Eps Forward | 0.94 |
| Eps Trailing Twelve Months | -4.18 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,764,892,800 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 17.3228 |
| Fifty Day Average Change | 6.4771996 |
| Fifty Day Average Change Percent | 0.37391183 |
| Fifty Two Week Change Percent | -39.679928 |
| Fifty Two Week High | 65.6 |
| Fifty Two Week High Change | -41.8 |
| Fifty Two Week High Change Percent | -0.6371951 |
| Fifty Two Week Low | 12.8 |
| Fifty Two Week Low Change | 10.999999 |
| Fifty Two Week Low Change Percent | 0.85937494 |
| Fifty Two Week Range | 12.8 - 65.6 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,749,130,200,000 |
| Float Shares | 594,473,579 |
| Forward Eps | 0.94 |
| Forward P E | 25.319149 |
| Free Cashflow | -518,096,224 |
| Full Exchange Name | NYSE |
| Full Time Employees | 3 |
| Fullday Change | -1.83 |
| Fullday Change Percent | -7.14007 |
| Fullday Price | 23.7049 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.84438 |
| Gross Profits | 51,672,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00659 |
| Held Percent Institutions | 0.41373003 |
| Implied Shares Outstanding | 603,226,394 |
| Industry | Capital Markets |
| Industry Disp | Capital Markets |
| Industry Key | capital-markets |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Dividend Date | 1,765,152,000 |
| Last Dividend Value | 0.01 |
| Last Fiscal Year End | 1,756,598,400 |
| Long Business Summary | 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. |
| Long Name | Bitmine Immersion Technologies, Inc. |
| Market | us_market |
| Market Cap | 14,356,787,200 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_3161390 |
| Most Recent Quarter | 1,780,185,600 |
| Name Change Date | 2,026-08-29 |
| Net Income To Common | -8,772,207,616 |
| Next Fiscal Year End | 1,788,134,400 |
| Non Diluted Market Cap | 15,460,692,478 |
| Number Of Analyst Opinions | 3 |
| Open | 25.1 |
| Operating Cashflow | -293,107,008 |
| Operating Margins | 0.08424 |
| Payout Ratio | 0.0 |
| Phone | 404 816 8240 |
| Post Market Change | -0.095098495 |
| Post Market Change Percent | -0.39957353 |
| Post Market Price | 23.7049 |
| Post Market Time | 1,787,961,593 |
| Prev Name | Renewable Energy Solution Systems, Inc. |
| Previous Close | 25.63 |
| Price Hint | 2 |
| Price To Book | 1.1893458 |
| Price To Sales Trailing12 Months | 234.6072 |
| Profit Margins | 0.0 |
| Quick Ratio | 28.035 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -1.83 |
| Regular Market Change Percent | -7.14007 |
| Regular Market Day High | 25.68 |
| Regular Market Day Low | 23.75 |
| Regular Market Day Range | 23.75 - 25.68 |
| Regular Market Open | 25.1 |
| Regular Market Previous Close | 25.63 |
| Regular Market Price | 23.8 |
| Regular Market Time | 1,787,947,202 |
| Regular Market Volume | 51,078,477 |
| Return On Assets | -0.03167 |
| Return On Equity | -1.50905 |
| Revenue Growth | 21.678 |
| Revenue Per Share | 0.172 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 603,226,394 |
| Shares Percent Shares Out | 0.0799 |
| Shares Short | 48,201,938 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 49,117,115 |
| Short Name | BitMine Immersion Technologies, |
| Short Percent Of Float | 0.08 |
| Short Ratio | 1.46 |
| Source Interval | 15 |
| State | NV |
| Symbol | BMNR |
| Target High Price | 40.0 |
| Target Low Price | 25.0 |
| Target Mean Price | 31.86667 |
| Target Median Price | 30.6 |
| Total Cash | 340,288,992 |
| Total Cash Per Share | 0.564 |
| Total Debt | 1,320,000 |
| Total Revenue | 61,195,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.01 |
| Trailing Annual Dividend Yield | 0.00039016778 |
| Trailing Eps | -4.18 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 22.6987 |
| Two Hundred Day Average Change | 1.1012993 |
| Two Hundred Day Average Change Percent | 0.048518166 |
| Type Disp | Equity |
| Volume | 51,078,477 |
| Website | https://bitminetech.io |
| Zip | 89,135 |