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Bitmine Immersion Technologies, Inc.(BMNR)Earnings, Financials & Key Ratios
BMNR•AMEX•Banking & Credit
$22.91
$562M mkt cap·1.7× P/E·Price updated May 6, 2026
AboutBitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States. The company engages in hosting third-party equipment used in mining of digital asset coins and tokens, primarily Bitcoin, as well as the self-mining for its own account. It also sells mining equipment to customers and related parties. In addition, the company offers data centers, which provides power, racks, proprietary thermodynamic management, redundant connectivity, and security services, as well as software, which provides infrastructure management and custom firmware. 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.Show more
- Net Interest Income-$244K-14.0%
- Total Revenue$6M+84.1%
- Net Income$349M+10687.0%
- Return on Equity8.02%+112.6%
- Net Interest Margin-0%+99.9%
- Efficiency Ratio-7283.04%-7614.2%
- ROA7.92%+118.6%
- Equity / Assets98.84%+76.1%
- Book Value per Share354.59+1868019.0%
- Tangible BV/Share354.59+1868041.0%
BMNR Key Insights
Bitmine Immersion Technologies, Inc. (BMNR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient operations: -7283.0% efficiency ratio
- ✓Well capitalized: 98.8% equity/assets
- ✓Share count reduced 88.6% through buybacks
- ✓Diversified revenue: 100.0% from non-interest income
- ✓Trading at only 0.1x book value
✗Weaknesses
- ✗Weak NIM of -0.0%
- ✗Weak momentum: RS Rating 18 (bottom 18%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
BMNR Price & Volume
Bitmine Immersion Technologies, Inc. (BMNR) stock price & volume — 10-year historical chart
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BMNR Growth Metrics
Bitmine Immersion Technologies, Inc. (BMNR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years142.45%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-145005.83%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-1342748.84%
Return on Capital
10 Years-39.33%
5 Years-39.33%
3 Years-22.99%
Last Year10.11%
BMNR Recent Earnings
Bitmine Immersion Technologies, Inc. (BMNR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (20%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
Apr 14, 2026EPS
$0.05
Est $0.18
-72.2%
Revenue
$11M
Est $19M
-43.1%
Q1 2026
Jan 14, 2026EPS
$15.98
Est $0.15
-10753.3%
Revenue
$2M
Est $79M
-97.1%
Q1 2026
Jan 13, 2026EPS
$0.13
Est $0.15
-13.3%
Revenue
$2M
Est $79M
-97.1%
Q4 2025
Nov 21, 2025EPS
$13.62
Est $0.10
+13720.0%
Revenue
$1M
Est $2M
-36.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 14, 2026 | $0.05vs $0.18-72.2% | $11Mvs $19M-43.1% |
| Q1 2026 | Jan 14, 2026 | $15.98vs $0.15-10753.3% | $2Mvs $79M-97.1% |
| Q1 2026 | Jan 13, 2026 | $0.13vs $0.15-13.3% | $2Mvs $79M-97.1% |
| Q4 2025 | Nov 21, 2025 | $13.62vs $0.10+13720.0% | $1Mvs $2M-36.9% |
Based on last 12 quarters of dataView full earnings history →
BMNR Peer Comparison
Bitmine Immersion Technologies, Inc. (BMNR) competitors in Bitcoin Mining and Data Centers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 RIOT | 8.98B | 23.68 | -12.14 | 71.89% | -28.78% | 0.10 | ||
 CLSK | 3.71B | 14.50 | 12.95 | 102.21% | -33.25% | -13.75% | 0.38 | |
 HUT | 12.08B | 108.94 | -50.91 | -90.71% | -17.66% | 0.25 | ||
 BITF | 1.29B | 2.16 | -16.62 | 31.78% | -21.32% | 0.04 | ||
 IREN | 20.26B | 60.98 | 156.36 | 167.65% | -0.64% | 0.53 | ||
 CIFR | 8.89B | 21.91 | -10.19 | 48.04% | -115.53% | 3.31 | ||
 BTBT | 621.7M | 1.93 | 9.65 | 264.59% | 21.41% | 0.03 |
Compare BMNR vs Peers
Bitmine Immersion Technologies, Inc. (BMNR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BMNR Income Statement
Bitmine Immersion Technologies, Inc. (BMNR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'12 | Aug'20 | Aug'21 | Aug'22 | Aug'23 | Aug'24 | Aug'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | -8.92K | -9.35K | -22.42K | -291.05K | -68.74K | -213.96K | -244K | -376.28K |
| NII Growth % | - | -4.8% | -139.88% | -1197.94% | 76.38% | -211.26% | -14.04% | -311.96% |
| Net Interest Margin % | -3.89% | -484.35% | -3.47% | -3.65% | -0.84% | -2.94% | -0% | -0% |
| Interest Income | 0 | 9.35K | 0 | 0 | 28.72K | 54.62K | 1K | 282 |
| Interest Expense | 8.92K | 0 | 22.42K | 291.05K | 97.46K | 268.58K | 245K | 376.56K |
| Loan Loss Provision | 393.84K | 0 | -22.42K | 265.65K | 325.35K | 2.28M | 5.54M | 5.35M |
| Non-Interest Income | 573.45K | -9.35K | 0 | 427.67K | 616.56K | 3.26M | 6.09M | 7.19M |
| Non-Interest Income % | 100% | - | - | 100% | 95.55% | 98.35% | 99.98% | 100% |
| Total Revenue | 573.45K▲ 0% | 0▼ 100.0% | 0▲ 0% | 427.67K▲ 0% | 645.28K▲ 50.9% | 3.31M▲ 413.0% | 6.09M▲ 84.1% | 7.19M▲ 0% |
| Revenue Growth % | - | -100% | - | - | 50.88% | 413.01% | 84.12% | 322.78% |
| Non-Interest Expense | 161.38K | 0 | 131.81K | 1.59M | 2.64M | 3.21M | -443.9M | -221.47M |
| Efficiency Ratio | 28.14% | - | - | 370.65% | 408.42% | 96.92% | -7283.04% | -3081.45% |
| Operating Income | 9.31K▲ 0% | 0▼ 100.0% | -131.81K▲ 0% | -1.71M▼ 1200.4% | -2.41M▼ 40.8% | -2.45M▼ 1.4% | 444.21M▲ 18249.7% | 222.93M▲ 0% |
| Operating Margin % | 1.62% | - | - | -400.82% | -373.95% | -73.93% | 7288.12% | 3101.75% |
| Operating Income Growth % | - | -100% | - | -1200.45% | -40.77% | -1.43% | 18249.69% | - |
| Pretax Income | 386▲ 0% | -9.35K▼ 2521.8% | -154.24K▼ 1550.0% | -2.01M▼ 1200.1% | -2.46M▼ 22.9% | -3.29M▼ 33.6% | 440.87M▲ 13490.2% | -4.85B▲ 0% |
| Pretax Margin % | 0.07% | - | - | -468.87% | -381.98% | -99.46% | 7233.34% | -67503.38% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 92.3M | 2.96M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 20.93% | -0.06% |
| Net Income | 386▲ 0% | -9.35K▼ 2521.8% | -154.24K▼ 1550.0% | -2.01M▼ 1200.1% | -2.46M▼ 22.9% | -3.29M▼ 33.6% | 348.58M▲ 10687.0% | -4.85B▲ 0% |
| Net Margin % | 0.07% | - | - | -468.87% | -381.98% | -99.46% | 5719.06% | -67544.57% |
| Net Income Growth % | - | -2521.76% | -1549.97% | -1200.08% | -22.92% | -33.58% | 10686.99% | -145005.83% |
| Net Income (Continuing) | 386 | -9.35K | -154.24K | -2.01M | -2.46M | -3.29M | 348.58M | -4.85B |
| EPS (Diluted) | 0.00▲ 0% | -0.00▲ 0% | -0.00▼ 362.5% | -0.01▼ 191.9% | -0.01▼ 7.4% | -0.02▼ 31.9% | 13.39▲ 87616.3% | -198.02▲ 0% |
| EPS Growth % | - | - | - | - | -7.53% | -32% | 87774.5% | -1342748.84% |
| EPS (Basic) | 0.00 | -0.00 | -0.00 | -0.01 | -0.01 | -0.02 | 13.60 | - |
| Diluted Shares Outstanding | 73.49M | 11.61M | 42.14M | 186.14M | 211.82M | 215.38M | 24.52M | 24.52M |
BMNR Balance Sheet
Bitmine Immersion Technologies, Inc. (BMNR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'12 | Aug'20 | Aug'21 | Aug'22 | Aug'23 | Aug'24 | Aug'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 16.09K | 1.93K | 218.74K | 392.55K | 270.55K | 499K | 512M | 1.4B |
| Cash & Due from Banks | 0 | 1.93K | 218.74K | 392.55K | 270.55K | 499K | 512M | 887.68M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 0 | 0 | 987.43K | 667.71K | 0 | 35.89M |
| Investments Growth % | - | - | - | - | - | -32.38% | -100% | 5134.7% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 987.43K | 667.71K | 0 | 37.23M |
| Accounts Receivables | 0 | 0 | 0 | 491.39K | 374.44K | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 21.43K | 129.47K | 0 | 0 | 10.56B |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 21.43K | 129.47K | 0 | 0 | 10.56B |
| PP&E (Net) | 0 | 0 | 427.3K | 6.53M | 4.95M | 4.77M | 516K | 568K |
| Other Assets | 199.23K | 0 | 0 | 532.35K | 1.26M | 296.29K | 8.28B | 0 |
| Total Current Assets | 30.05K | 1.93K | 218.74K | 888.95K | 879.46K | 1.55M | 513.01M | 889.03M |
| Total Non-Current Assets | 199.23K | 0 | 427.3K | 7.09M | 7.32M | 5.74M | 8.28B | 10.6B |
| Total Assets | 229.28K▲ 0% | 1.93K▼ 99.2% | 646.03K▲ 33373.2% | 7.97M▲ 1134.3% | 8.2M▲ 2.9% | 7.28M▼ 11.2% | 8.8B▲ 120652.6% | 11.49B▲ 0% |
| Asset Growth % | - | -99.16% | 33373.21% | 1134.33% | 2.87% | -11.21% | 120652.63% | 265317.94% |
| Return on Assets (ROA) | 0.17% | -8.09% | -47.61% | -46.52% | -30.47% | -42.52% | 7.92% | -42.26% |
| Accounts Payable | 0 | 0 | 3.68K | 84.76K | 74.9K | 400.58K | 0 | 0 |
| Total Debt | 532.07K | 50.45K | 277.3K | 0 | 1.3M | 1.63M | 0 | 0 |
| Net Debt | 532.07K | 48.52K | 58.56K | -392.55K | 1.03M | 1.13M | -512M | -887.68M |
| Long-Term Debt | 40K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 492.07K | 50.45K | 277.3K | 0 | 1.3M | 1.63M | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98.61M |
| Total Current Liabilities | 493.69K | 52.01K | 285.48K | 317.67K | 1.56M | 3.13M | 9.96M | 137.13M |
| Total Non-Current Liabilities | 40K | 0 | 0 | 252.32K | 386.88K | 64.64K | 92.3M | 98.61M |
| Total Liabilities | 533.69K | 52.01K | 285.48K | 570K | 1.95M | 3.2M | 102.26M | 235.74M |
| Total Equity | -304.41K▲ 0% | -50.08K▲ 83.6% | 360.55K▲ 820.0% | 7.4M▲ 1953.6% | 6.26M▼ 15.5% | 4.09M▼ 34.7% | 8.69B▲ 212541.8% | 11.25B▲ 0% |
| Equity Growth % | - | 83.55% | 820.02% | 1953.58% | -15.49% | -34.67% | 212541.81% | 507725.1% |
| Equity / Assets (Capital Ratio) | -132.77% | -2594.56% | 55.81% | 92.85% | 76.28% | 56.13% | 98.84% | 97.95% |
| Return on Equity (ROE) | - | - | -99.36% | -51.65% | -36.08% | -63.65% | 8.02% | -43.15% |
| Book Value per Share | -0.00 | -0.00 | 0.01 | 0.04 | 0.03 | 0.02 | 354.59 | 458.96 |
| Tangible BV per Share | -0.00 | -0.00 | 0.01 | 0.04 | 0.03 | 0.02 | 354.59 | 28.14 |
| Common Stock | 170.98K | 269 | 4.04K | 4.86K | 4.97K | 4.99K | 23K | 41K |
| Additional Paid-in Capital | 1.04M | 256.75K | 817.84K | 9.87M | 11.18M | 12.31M | 8.36B | 16.12B |
| Retained Earnings | -1.52M | -307.1K | -461.33K | -2.47M | -4.93M | -8.22M | 337.39M | -4.87B |
| Accumulated OCI | 0 | 0 | 0 | -45 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 45 | 45 | 45 | 0 | 0 |
BMNR Cash Flow Statement
Bitmine Immersion Technologies, Inc. (BMNR) cash flow — operating, investing & free cash flow history
| Line item | Dec'12 | Aug'20 | Aug'21 | Aug'22 | Aug'23 | Aug'24 | Aug'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 2.77K | 0 | -76.36K | -1.63M | -809.72K | -28.75K | -4.15M | -4.15M |
| Operating CF Growth % | - | -100% | - | -2033.61% | 50.3% | 96.45% | -14329.8% | -236572% |
| Net Income | 386 | -9.35K | -154.24K | -2.01M | -2.46M | -3.29M | 328.16M | -4.85B |
| Depreciation & Amortization | 767 | 0 | 0 | 3.13K | 470.7K | 923.54K | 761K | 754.38K |
| Deferred Taxes | 0 | 0 | 0 | -372.87K | 0 | 0 | 92.3M | -92.3M |
| Other Non-Cash Items | 1.62K | 0 | 71.25K | 372.87K | 122.95K | 427.57K | -526.66M | 4.7B |
| Working Capital Changes | 0 | 9.35K | 6.63K | -483.86K | -256.53K | 789.49K | 98.87M | 9.88M |
| Cash from Investing | -25K | 0 | -427.3K | -2.77M | -612.29K | -67.53K | -7.43B | -14.85B |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | -7.43B | -20M |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 |
| Net Investment Activity | 0 | 0 | 0 | 0 | 0 | 0 | -7.43B | -20M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 8.41K | 0 | -14.83B |
| Cash from Financing | 44K | 0 | 720.46K | 4.57M | 1.3M | 325K | 7.95B | 15.97B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 0 | 0 | 1.81M | 0 | 0 | 7.95B | 15.97B |
| Net Stock Activity | 0 | 0 | 0 | 1.81M | 0 | 0 | 7.95B | 15.97B |
| Debt Issuance (Net) | 44K | 0 | 0 | 1000K | 1000K | 0 | -617K | -803.97K |
| Other Financing | 0 | 0 | 720.46K | 0 | 0 | 325K | 2.96M | 352 |
| Net Change in Cash | 0▲ 0% | 0▲ 0% | 216.81K▲ 0% | 173.81K▼ 19.8% | -122K▼ 170.2% | 228.72K▲ 287.5% | 511.5M▲ 223533.0% | 886.88M▲ 0% |
| Exchange Rate Effect | -21.77K | 0 | 555 | 0 | 0 | 0 | -1K | -1.27K |
| Cash at Beginning | 0 | 0 | 1.93K | 218.74K | 392.55K | 270.55K | 499K | 512M |
| Cash at End | 0 | 0 | 218.74K | 392.55K | 270.55K | 499.27K | 512M | 887.68M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 2.77K▲ 0% | 0▼ 100.0% | -503.66K▲ 0% | -4.4M▼ 772.9% | -1.42M▲ 67.7% | -104.69K▲ 92.6% | -5.21M▼ 4880.6% | -233.83M▲ 0% |
| FCF Growth % | - | -100% | - | -772.93% | 67.66% | 92.64% | -4880.56% | -249712.58% |
BMNR Banking Ratios
Bitmine Immersion Technologies, Inc. (BMNR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -99.36% | -51.65% | -36.08% | -63.65% | 8.02% | -43.15% |
| Return on Assets (ROA) | -8.09% | -47.61% | -46.52% | -30.47% | -42.52% | 7.92% | -42.26% |
| Net Interest Margin | -484.35% | -3.47% | -3.65% | -0.84% | -2.94% | -0% | -0% |
| Efficiency Ratio | - | - | 370.65% | 408.42% | 96.92% | -7283.04% | -3081.45% |
| Equity / Assets | -2594.56% | 55.81% | 92.85% | 76.28% | 56.13% | 98.84% | 97.95% |
| Book Value / Share | -0 | 0.01 | 0.04 | 0.03 | 0.02 | 354.59 | 458.96 |
| NII Growth | -4.8% | -139.88% | -1197.94% | 76.38% | -211.26% | -14.04% | -90.96% |
| Dividend Payout | - | - | - | - | - | - | 0% |
BMNR SEC Filings & Documents
Bitmine Immersion Technologies, Inc. (BMNR) SEC filings — annual & quarterly reports (10-K, 10-Q)
BMNR Frequently Asked Questions
Bitmine Immersion Technologies, Inc. (BMNR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Bitmine Immersion Technologies, Inc. (BMNR) grew revenue by 84.1% over the past year. This is strong growth.
Bitmine Immersion Technologies, Inc. (BMNR) reported a net loss of $4.85B for fiscal year 2025.
Dividend & Returns
Bitmine Immersion Technologies, Inc. (BMNR) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.
Industry Metrics
Bitmine Immersion Technologies, Inc. (BMNR) has a net interest margin (NIM) of -0.0%. NIM has been under pressure due to interest rate environment.
Bitmine Immersion Technologies, Inc. (BMNR) has an efficiency ratio of -7283.0%. This is excellent, indicating strong cost control.
Explore More BMNR
Bitmine Immersion Technologies, Inc. (BMNR) financial analysis — history, returns, DCA and operating performance tools
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Historical returns with dividends reinvested
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates