View Future GrowthBitmine Immersion Technologies 過去の業績過去 基準チェック /06Bitmine Immersion Technologiesの収益は年間平均-101.5%の割合で減少していますが、 Software業界の収益は年間 増加しています。収益は年間24.9% 90.3%割合で 増加しています。主要情報-101.48%収益成長率-69.68%EPS成長率Software 業界の成長17.33%収益成長率90.31%株主資本利益率-75.47%ネット・マージン-14,334.81%前回の決算情報31 May 2026最近の業績更新Reported Earnings • 15hThird quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: US$0.15 loss per share. Revenue: US$46.5m (up US$44.5m from 3Q 2025). Net loss: US$83.6m (loss widened US$83.0m from 3Q 2025). Revenue missed analyst estimates by 40%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 76% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US.Reported Earnings • Apr 16Second quarter 2026 earnings released: US$8.40 loss per share (vs US$0.58 loss in 2Q 2025)Second quarter 2026 results: US$8.40 loss per share (further deteriorated from US$0.58 loss in 2Q 2025). Revenue: US$11.0m (up US$9.52m from 2Q 2025). Net loss: US$3.82b (loss widened US$3.82b from 2Q 2025). Revenue is forecast to grow 76% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 23Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: US$13.84 (up from US$1.32 loss in FY 2024). Net income: US$334.1m (up US$337.4m from FY 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 18Bitmine Immersion Technologies, Inc. to Report Q4, 2025 Results on Nov 21, 2025Bitmine Immersion Technologies, Inc. announced that they will report Q4, 2025 results Pre-Market on Nov 21, 2025Reported Earnings • Jul 03Third quarter 2025 earnings released: US$0.31 loss per share (vs US$0.26 loss in 3Q 2024)Third quarter 2025 results: US$0.31 loss per share. Revenue: US$2.05m (up 68% from 3Q 2024). Net loss: US$622.8k (loss narrowed 4.8% from 3Q 2024).すべての更新を表示Recent updatesライブニュース • 52mBitmine Reports Revenue Jump to $46.5 Million as Ethereum Staking Dominates ResultsBitmine Immersion Technologies reported quarterly revenue of $46.5 million, a 22-fold increase, with Ethereum staking contributing 98% of that total in the quarter ended 31 May, while the company recorded a $9.1 billion net loss. Management indicated that if all of Bitmine’s Ethereum holdings were staked, annualized staking revenue could reach $284 million. This highlights how concentrated the business has become in this single crypto activity. Bitmine’s share price is $15.44, with the stock down 50.5% year to date. This suggests the market is still weighing the risks around the new model and the scale of recent losses. The shift to Ethereum staking makes Bitmine heavily reliant on one asset and one revenue stream, so readers may wish to weigh the potential cash flow against concentration risk and the impact of large reported losses on future funding flexibility.New Risk • 15hNew major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$12b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$12b free cash flow). Shareholders have been substantially diluted in the past year (over 12x increase in shares outstanding).Reported Earnings • 15hThird quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: US$0.15 loss per share. Revenue: US$46.5m (up US$44.5m from 3Q 2025). Net loss: US$83.6m (loss widened US$83.0m from 3Q 2025). Revenue missed analyst estimates by 40%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 76% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US.Price Target Changed • Jul 02Price target decreased by 7.8% to US$34.43Down from US$37.33, the current price target is an average from 3 analysts. New target price is 140% above last closing price of US$14.36. Stock is down 89% over the past year. The company is forecast to post a net loss per share of US$7.57 compared to earnings per share of US$13.60 last year.ライブニュース • Jun 29Bitmine Immersion Technologies Completes NYSE Uplisting and Builds $13 Billion Crypto TreasuryBitmine Immersion Technologies has built a crypto and cash treasury of roughly $12 billion to $13.4 billion, including more than 5.6 million ETH (about 4.7% of Ethereum’s circulating supply), alongside an uplisting to the New York Stock Exchange and potential Russell 1000 inclusion. The company’s Made in America Validator Network (MAVAN) manages staking on over 4.7 million ETH, with annualized staking revenues projected in a $230 million to $300 million range. Management is also deploying capital into share buybacks and blockchain and AI-related ventures. Bitmine Immersion Technologies shares trade at $13.56, with the stock down 56.5% year to date, despite the larger NYSE listing that is expected to improve liquidity and institutional access. The combination of a concentrated Ethereum position, a meaningful staking revenue stream and NYSE presence leaves investors heavily exposed to both Ethereum price swings and operational execution in Bitmine’s staking and digital asset strategies.ライブニュース • Jun 22Bitmine Immersion Technologies Raises $274 Million to Scale Ethereum Staking PlatformBitmine Immersion Technologies raised about $273.8m through an upsized public offering of 3.5 million shares of its 9.50% Series A Perpetual Preferred Stock. The preferred shares began trading on the NYSE under the ticker BMNP in June 2026. The company intends to use the proceeds to buy more Ethereum and other digital assets, scale its MAVAN Ethereum staking and validator infrastructure, and pursue strategic investments. It may also repurchase common stock. Bitmine currently holds roughly 5.62 million ETH, with over 4.7 million ETH staked and projected annualized staking revenues above $226m. Bitmine Immersion Technologies’ common stock trades around $16.14, with the share price down about 48.3% year to date. The funding move further concentrates Bitmine’s exposure to Ethereum, so the main risk lens here is exposure to ETH price and staking economics alongside the company’s ability to maintain those projected cash flows.分析記事 • Jun 21Bitmine Immersion Technologies (BMNR) Stock Looks Cheap On P B But Rich On Cash FlowBitmine Immersion Technologies (BMNR) is back in focus after heavy cryptocurrency market liquidations, renewed debates over Ethereum funding, and mixed signals about how investors are valuing crypto-linked stocks with high short interest. See our latest analysis for Bitmine Immersion Technologies. At a share price of $16.14, Bitmine Immersion Technologies has a 1 day share price return of 2.8%. The 30 day and 90 day share price returns are down 14.5% and 24.1%, while the 1 year total...Seeking Alpha • Jun 17Bitmine Immersion: BMNP Preferred Capital And The Cost Of Ethereum Treasury ExpansionSummary Bitmine Immersion now holds $9.65B in Ethereum, making it the largest corporate ETH treasury with 5.62M ETH staked for ~2.99% yield. BMNR issued 9.50% Series A Perpetual Preferred Stock, raising $280M in gross proceeds but introducing a $350M senior claim and considerable dividend obligations. BMNR trades at a 2.6% discount to adjusted NAV, with market pricing neither ETH upside nor staking compounding into current valuation. I recommend a Buy on BMNR, contingent on disciplined preferred issuance and ETH price recovery, while noting dilution and crypto volatility risks. Read the full article on Seeking Alphaライブニュース • Jun 12BitMine Immersion Eyes 5% Ethereum Supply Target with NYSE Move and Bitcoin ExpansionBitMine Immersion Technologies holds about 5.54 million ETH, or roughly 4.59% of circulating supply, and is targeting ownership of 5% by late 2026 while moderating its previously aggressive weekly purchases that exceeded 100,000 ETH. The company operates MAVAN, an institutional Ethereum staking platform with over 4.7 million ETH staked and annualized staking revenues projected around US$230 million, supported by total crypto and cash holdings of about US$9.6b. BitMine recently uplisted from NYSE American to the New York Stock Exchange and is approaching inclusion in the Russell 1000 Index, while also expanding into Bitcoin mining and AI and digital finance ventures. The scale of BitMine’s Ethereum position and staking operations places the company among the more concentrated ETH-focused treasury and infrastructure plays. This ties its fortunes closely to Ethereum’s price, network usage and regulatory outcomes. At the same time, management’s expansion into Bitcoin mining and AI-related projects adds new revenue avenues. It also introduces execution risk and greater exposure to crypto market volatility and operational costs.ライブニュース • Jun 04Bitmine Immersion Targets 5% Ethereum Supply With $4.7 Million ETH Staked and New Preferred OfferingBitmine Immersion Technologies now holds over 5.4 million ETH, about 4.49% of circulating supply, with more than 4.7 million ETH staked on its MAVAN platform and total crypto and cash assets of roughly US$11.6b. The company reports net losses above US$3.8b and estimated unrealized losses of around US$8.9b tied to ETH trading below US$1,800, while the stock is down about 26% over the past month and 46% year to date and trading near book value with a P/B below peers. Bitmine has proposed a US$300m Series A perpetual preferred stock offering with a 9.5% cumulative dividend and has expanded its common share repurchase authorization to US$4b, while continuing to target ownership of 5% of ETH supply by late 2026. The picture that emerges is a company highly concentrated in Ethereum, with sizeable paper and reported losses but substantial on-balance-sheet assets and a focus on income from staking via MAVAN. You should weigh the appeal of large ETH exposure, institutional-grade staking infrastructure and preferred dividends against stock volatility, crypto price sensitivity and the execution risk tied to financing plans and continued ETH accumulation.Price Target Changed • May 11Price target increased by 8.2% to US$37.33Up from US$34.50, the current price target is an average from 3 analysts. New target price is 62% above last closing price of US$23.02. Stock is up 156% over the past year. The company is forecast to post a net loss per share of US$15.82 compared to earnings per share of US$13.60 last year.New Risk • May 03New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$8.7b Forecast net loss in 1 year: US$2.4b This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (over 286x increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.4b net loss next year). Share price has been volatile over the past 3 months (13% average weekly change).Reported Earnings • Apr 16Second quarter 2026 earnings released: US$8.40 loss per share (vs US$0.58 loss in 2Q 2025)Second quarter 2026 results: US$8.40 loss per share (further deteriorated from US$0.58 loss in 2Q 2025). Revenue: US$11.0m (up US$9.52m from 2Q 2025). Net loss: US$3.82b (loss widened US$3.82b from 2Q 2025). Revenue is forecast to grow 76% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.お知らせ • Mar 25Bitmine Immersion Technologies Announces Launch of MAVAN Staking SolutionBitmine Immersion Technologies, Inc. announced the official launch of MAVAN (Made in America VAlidator Network), its proprietary institutional-grade Ethereum staking platform. MAVAN is designed to serve as the premier Ethereum staking destination for institutions, with a focus on security, performance, and resilience. The platform combines U.S.-based infrastructure for institutions requiring domestic validation with a flexible, globally distributed architecture to support clients worldwide. Originally developed to support Bitmine's own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. As of 5:00PM ET on March 24, 2026, Bitmine total staked ETH stands at 3,142,643 ($6.8 billion at $2,148 per ETH via Coinbase). Bitmine has staked more ETH than other entities in the world. When Bitmine's ETH is fully staked by MAVAN in the coming weeks, the ETH staking rewards will be nearly $300 million annually (using 2.83% 7-day BMNR yield). In this past week, Bitmine staked 101,776 ETH ($219 million) to MAVAN and intends to continue to add scale over the coming weeks with the goal of staking nearly all of Bitmine's remaining unstaked ETH.New Risk • Feb 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 111% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 228x increase in shares outstanding).お知らせ • Jan 29Bitmine Immersion Technologies, Inc. Terminates Erik Nelson as President, Effective as of January 22, 2026On January 22, 2026, Bitmine Immersion Technologies, Inc. entered into a Separation Agreement and General Release with its President, Erik Nelson, memorializing the terms of his separation from the Company. The Company also provided Mr. Nelson notice of his separation on the same date. The Compensation Committee of the Board of Directors and the Board of Directors (the “Board”) each took action on January 22, 2026, to review and approve the Separation Agreement and the separation benefits contemplated thereby. Under the Separation Agreement, the parties agreed that Mr. Nelson’s employment will terminate without Cause effective as of January 22, 2026.New Risk • Jan 14New major risk - Revenue and earnings growthEarnings have declined by 111% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 111% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 213x increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change).お知らせ • Jan 09+ 1 more updateBitmine Immersion Technologies, Inc. Appoints Young Kim as Chief Operating Officer and Board Director, Effective January 1, 2026Bitmine Immersion Technologies, Inc. announced that Young Kim, age 48, has been appointed Chief Operating Officer ("COO") in addition to being appointed as a member of the Company's Board of Directors (the "Board"). Mr. Kim will report to Thomas "Tom" Lee, Chairman of the Board. This appointment is effective January 1, 2026. Young Kim is a seasoned investment executive with more than 20 years of experience managing multi-billion-dollar global franchises. He brings a distinctive "engineer-investor" perspective, shaped by his early career as a software engineer and his education at MIT and Harvard Business School. From 2021 to 2025, Mr. Kim served as Partner and Senior Portfolio Manager at Axiom Investors, following a decade as Senior Portfolio Manager at Columbia Threadneedle Investments from 2011 to 2021. Earlier in his career, he held roles across investment research, venture capital, business development, and software engineering, with a proven track record of scaling assets, driving product innovation, and executing complex strategies.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$33.35, the stock trades at a trailing P/E ratio of 43.3x. Average forward P/E is 15x in the Software industry in the US. Total returns to shareholders of 138% over the past three years.Valuation Update With 7 Day Price Move • Dec 16Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to US$30.95, the stock trades at a trailing P/E ratio of 36.2x. Average forward P/E is 15x in the Software industry in the US. Total returns to shareholders of 121% over the past three years.Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 22%After last week's 22% share price gain to US$31.74, the stock trades at a trailing P/E ratio of 36.5x. Average forward P/E is 13x in the Software industry in the US. Total returns to shareholders of 127% over the past three years.お知らせ • Nov 24Bitmine Immersion Technologies, Inc., Annual General Meeting, Jan 15, 2026Bitmine Immersion Technologies, Inc., Annual General Meeting, Jan 15, 2026. Location: wynn meeting and conference center, 3131 las vegas blvd s, las vegas, nevada 89109, United StatesReported Earnings • Nov 23Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: US$13.84 (up from US$1.32 loss in FY 2024). Net income: US$334.1m (up US$337.4m from FY 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 22Bitmine Immersion Technologies, Inc. Declares Annual Dividend, Payable on December 29, 2025Bitmine Immersion Technologies, Inc. declared annual dividend of $0.01 per BMNR share. Declaration date is November 21, 2025; Ex-dividend date is December 5, 2025; Record date December 8, 2025; Payable date is December 29, 2025.お知らせ • Nov 18Bitmine Immersion Technologies, Inc. to Report Q4, 2025 Results on Nov 21, 2025Bitmine Immersion Technologies, Inc. announced that they will report Q4, 2025 results Pre-Market on Nov 21, 2025お知らせ • Nov 14+ 1 more updateBitmine Immersion Technologies, Inc. Announces Chief Executive Officer Changes, Effective November 14, 2025BitMine Immersion Technologies, Inc. on November 14, 2025 announced that Chi Tsang has been appointed Chief Executive Officer, effective November 14, 2025. Former BitMine CEO is Jonathan Bates. Chi Tsang succeed Jonathan Bates as BitMine's Chief Executive Officer.お知らせ • Sep 22+ 1 more updateBitmine Immersion Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $365.24005 million.Bitmine Immersion Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $365.24005 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 5,217,715 Price\Range: $70 Transaction Features: Registered Direct Offeringお知らせ • Aug 28Bitmine Immersion Technologies, Inc. Appoints David Sharbutt to the Board of DirectorsBitmine Immersion Technologies, Inc. announced that David Sharbutt has been elected to the company's board of directors. David is the founder, Chairman, & CEO of Alamosa Holdings which became a public company in 2000, and quickly grew to a presence in 22 states with revenues exceeding $1B. Alamosa was acquired by Sprint in 2006. David was elected to the board of American Tower Corporation (NYSE:AMT) in 2006 and continued to serve until 2023. During David's time at American Tower, it grew from a moderate sized domestic tower company to become the largest REIT in the world. It is the leading global provider of shared infrastructure. David served on the Audit Committee and the Nominating and Corporate Governance Committee for American Tower, serving as the Committee Chair from 2017 to 2022. David is involved in a number of private companies as an owner and Director. These companies involve real estate, telecom, technology, food safety, restaurants, agriculture, reverse logistics, and dry cleaning. David is the Chair and primary owner of Edit Holdings. Edit Holdings operates Tide Dry Cleaners in Houston, Austin, Lubbock, Amarillo, Colorado Springs, and Denver.お知らせ • Jul 29Bitmine Immersion Technologies, Inc. (NYSEAM:BMNR) announces an Equity Buyback for $1,000 million worth of its shares.Bitmine Immersion Technologies, Inc. (NYSEAM:BMNR) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its shares.お知らせ • Jul 22Bitmine Immersion Technologies, Inc. announced that it has received $182 million in funding from ARK Investment Management LLCBitmine Immersion Technologies, Inc announced that it has completed a private placement and issued 4,773,444 common shares at a price of $38.127608 for aggregate gross proceeds of $182,000,001.64 on July 22, 2025. The Net proceeds received by the company from the transaction amounted to $177,000,000. The transaction included participation from ARK Invest.お知らせ • Jul 09Bitmine Immersion Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $2 billion.Bitmine Immersion Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $2 billion. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offeringお知らせ • Jul 04Bitmine Immersion Technologies, Inc. announced that it has received $212.921061 million in funding from a group of investorsOn July 3, 2025, Bitmine Immersion Technologies, Inc. closed the transaction.Reported Earnings • Jul 03Third quarter 2025 earnings released: US$0.31 loss per share (vs US$0.26 loss in 3Q 2024)Third quarter 2025 results: US$0.31 loss per share. Revenue: US$2.05m (up 68% from 3Q 2024). Net loss: US$622.8k (loss narrowed 4.8% from 3Q 2024).お知らせ • Jul 01Bitmine Immersion Technologies, Inc. Announces Board ChangesBitmine Immersion Technologies, Inc. approved the increase of the size of the Company’s Board from seven to eight directors. Effective immediately, the Board elected Thomas Lee as a director to fill the newly created director position, and to serve until the next annual meeting of shareholders of the Company or until his successor is elected or appointed and qualified. Jonathan Bates, the Company’s Chief Executive Officer, stepped down as the Chairman of the Board, and the Board elected Mr. Lee as Chairman of the Board. The Board has not determined committee appointments for Mr. Lee at this time. The Board believes Mr. Lee is qualified to serve as a director and Chairman of the Board due to his extensive business experience. Mr. Lee is a Managing Partner and the Head of Research at Fundstrat Global Advisors. He is also the Chief Investment Officer (CIO) of Fundstrat Capital which currently manages greater than $1.5 billion in assets under management. He is an accomplished Wall Street strategist with over 25 years of experience in equity research, and has been top ranked by Institutional Investor every year since 1998. Prior to founding Fundstrat, Mr. Lee was at J.P. Morgan from 1999 to 2014 and served as Chief Equity Strategist from 2007 to 2014. He was top-ranked by Institutional Investor every year since 1998. Previously, he served as Managing Director at Salomon Smith Barney. Mr. Lee graduated from the undergraduate program at the Wharton School, University of Pennsylvania.お知らせ • Jun 30Bitmine Immersion Technologies, Inc. announced that it expects to receive $250.000002 million in funding from a group of investorsBitmine Immersion Technologies, Inc announced a private placement to issue 55,555,556 shares of common stock at a price of $4.5 per share for aggregate gross proceeds of $250,000,002 on June 30, 2025. The transaction will include participation from MOZAYYX as a lead Investor and other Investors including Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management, and Thomas Lee. The transaction is expected to close on or about July 3, 2025. The securities will be issued pursuant to regulation D.New Risk • Jun 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 73% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$171k free cash flow). Share price has been highly volatile over the past 3 months (61% average weekly change). Earnings have declined by 54% per year over the past 5 years. Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Minor Risks Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (US$29.0m market cap).Board Change • Jun 05Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Lori Love was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jun 05Bitmine Immersion Technologies, Inc. has completed an IPO in the amount of $18 million.Bitmine Immersion Technologies, Inc. has completed an IPO in the amount of $18 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,250,000 Price\Range: $8 Discount Per Security: $0.6お知らせ • May 21BitMine Immersion Technologies, Inc. Launches Bitcoin Treasury Advisory PracticeBitMine Immersion Technologies, Inc. announced the launch of its Bitcoin Treasury Advisory Practice, alongside a $4 million strategic transaction with a U.S. exchange-listed company. BitMine is offering "Mining as a Service," or MaaS, to the strategic partner and plans to offer MaaS to companies that own Bitcoin and wish to add Bitcoin denominated revenue, in addition to Bitcoin, as a core treasury holding.お知らせ • Jan 21Bitmine Immersion Technologies, Inc. has filed an IPO in the amount of $15 million.Bitmine Immersion Technologies, Inc. has filed an IPO in the amount of $15 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: New Market Listingお知らせ • Dec 12Bitmine Immersion Technologies, Inc. (OTCPK:BMNR) announces an Equity Buyback for $0.25 million worth of its shares.Bitmine Immersion Technologies, Inc. (OTCPK:BMNR) announces a share repurchase program. Under the program, the company will repurchase up to $0.25 million worth of its shares. The purpose of program is to reduce the issued share capital. The repurchase program will be valid till December 31, 2025.お知らせ • Nov 26Bitmine Immersion Technologies, Inc. announced delayed annual 10-K filingOn 11/25/2024, Bitmine Immersion Technologies, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.お知らせ • Jan 17Bitmine Immersion Technologies, Inc. Announces the Addition of John Kelly to Its Board of DirectorsBitMine Immersion Technologies, Inc. ("BitMine" or "the Company") announced that it has added John Kelly to its Board of Directors. Mr. Kelly has started numerous successful businesses in Heavy Construction, Site Development, Real Estate Development, Car Dealership construction, and Bitcoin Mining Site development. He has helped develop over 100 Car Dealerships, has owned and constructed over 3 million square feet of industrial buildings, and has overseen the construction of over 10,000 individual housing units. His clients include Amazon, Siemens, RK Centers, Group1 Automotive, and Eversource. He is currently President or Principal of three separate companies, including Rykor Energy Solutions. Rykor Energy Solutions produces a proprietary immersion datacenter primarily used for Bitcoin Mining. Mr. Kelly is a principal of ROC Digital Mining Manager, LLC, which manages ROC Digital Mining I, LLC, hosting and mining enterprise in which the Company is a major investor. Mr. Kelly is very qualified to serve on the board given his deep understanding of the construction and engineering which goes into the development and maintenance of a Bitcoin Mining site. Furthermore, he designed and developed his own immersion datacenter product, which will provide valuable insight to the company. Mr. Kelly holds numerous Contractor licenses related to Industrial, Commercial, and Residential Construction. Mr. Kelly graduated from Boston College in 1991 with a degree in Political Science.お知らせ • Nov 30Bitmine Immersion Technologies, Inc. announced delayed annual 10-K filingOn 11/29/2023, Bitmine Immersion Technologies, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.お知らせ • Aug 09Bitmine Immersion Technologies, Inc. Appoints Lori Love to Its Board of DirectorsBitMine Immersion Technologies, Inc. announced the appointment of Lori Love to its board of directors. Lori has vast experience in both Bitcoin mining as well as helping to grow an important public company miner into a substantial organization. Lori joins effective August 8th and will also be a member of a newly created Audit Committee along with board members Michael Maloney and Jonathan Bates. This board appointment, along with the creation of the Audit Committee, are important steps for BitMine as they are key components toward an upgraded listing.お知らせ • Nov 30Bitmine Immersion Technologies, Inc. announced delayed annual 10-K filingOn 11/29/2022, Bitmine Immersion Technologies, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.お知らせ • Oct 21Bitmine Immersion Technologies, Inc. (OTCPK:BMNR) acquired a 30% stake in Roc Digital Mining Manager LLC.Bitmine Immersion Technologies, Inc. (OTCPK:BMNR) acquired a 30% stake in Roc Digital Mining Manager LLC on October 13, 2022. Bitmine Immersion Technologies, Inc. (OTCPK:BMNR) completed the acquisition of a 30% stake in Roc Digital Mining Manager LLC on October 13, 2022.お知らせ • Sep 08Bitmine Immersion Technologies, Inc. announced that it has received fundingBitmine Immersion Technologies, Inc. announced that it has received an equity round of funding on September 7, 2022. The funding was raised pursuant to regulation D.お知らせ • May 29Bitmine Immersion Technologies, Inc. Appoints Erik Nelsons as PresidentBitmine Immersion Technologies, Inc. announced the appointment of Erik Nelsons as President. Mr. Nelson previously served as Chief Executive Officer.お知らせ • May 28Bitmine Immersion Technologies, Inc. Resigns Erik S. Nelson as Chief Executive OfficerBitmine Immersion Technologies, Inc. announced on May 26, 2022, Erik S. Nelson resigned as chief executive officer of the company in order to allow Jonathan Bates to assume the position of chief executive officer.お知らせ • May 27BitMine Immersion Technologies, Inc. Appoints Jonathan Bates as Chief Executive OfficerBitMine Immersion Technologies, Inc. announced the appointment of Jonathan Bates as Chief Executive Officer and Erik Nelson’s new appointment as President. Mr. Bates has been serving as Chairman of the Board of Directors since July of 2021 and will continue in that role. Mr. Bates has agreed to work for no salary through the end of 2022 and will receive only equity options that will not be exercisable until 2023. Mr. Nelson previously served as Chief Executive Officer.お知らせ • Apr 14Bitmine Immersion Technologies, Inc. announced delayed 10-Q filingOn 04/13/2022, Bitmine Immersion Technologies, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • Nov 30Bitmine Immersion Technologies, Inc. announced delayed annual 10-K filingOn 11/29/2021, Bitmine Immersion Technologies, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.収支内訳Bitmine Immersion Technologies の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NYSE:BMNR 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 May 2661-8,772347028 Feb 2617-8,689311030 Nov 257-4,872236031 Aug 25632814031 May 255-73028 Feb 255-73030 Nov 244-63031 Aug 243-32031 May 243-42029 Feb 242-42030 Nov 231-32031 Aug 231-21031 May 230-21028 Feb 230-21030 Nov 221-21031 Aug 220-22031 May 220-11028 Feb 220-11030 Nov 210-11031 Aug 210000質の高い収益: BMNRは現在利益が出ていません。利益率の向上: BMNRは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: BMNRは利益が出ておらず、過去 5 年間で損失は年間101.5%の割合で増加しています。成長の加速: BMNRの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: BMNRは利益が出ていないため、過去 1 年間の収益成長をSoftware業界 ( 14.4% ) と比較することは困難です。株主資本利益率高いROE: BMNRは現在利益が出ていないため、自己資本利益率 ( -75.47% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSoftware 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/16 09:46終値2026/07/16 00:00収益2026/05/31年間収益2025/08/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Bitmine Immersion Technologies, Inc. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Fedor ShabalinB. Riley Securities, Inc.Brett KnoblauchCantor Fitzgerald & Co.Gareth GacettaCantor Fitzgerald & Co.1 その他のアナリストを表示
Reported Earnings • 15hThird quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: US$0.15 loss per share. Revenue: US$46.5m (up US$44.5m from 3Q 2025). Net loss: US$83.6m (loss widened US$83.0m from 3Q 2025). Revenue missed analyst estimates by 40%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 76% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US.
Reported Earnings • Apr 16Second quarter 2026 earnings released: US$8.40 loss per share (vs US$0.58 loss in 2Q 2025)Second quarter 2026 results: US$8.40 loss per share (further deteriorated from US$0.58 loss in 2Q 2025). Revenue: US$11.0m (up US$9.52m from 2Q 2025). Net loss: US$3.82b (loss widened US$3.82b from 2Q 2025). Revenue is forecast to grow 76% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 23Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: US$13.84 (up from US$1.32 loss in FY 2024). Net income: US$334.1m (up US$337.4m from FY 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 18Bitmine Immersion Technologies, Inc. to Report Q4, 2025 Results on Nov 21, 2025Bitmine Immersion Technologies, Inc. announced that they will report Q4, 2025 results Pre-Market on Nov 21, 2025
Reported Earnings • Jul 03Third quarter 2025 earnings released: US$0.31 loss per share (vs US$0.26 loss in 3Q 2024)Third quarter 2025 results: US$0.31 loss per share. Revenue: US$2.05m (up 68% from 3Q 2024). Net loss: US$622.8k (loss narrowed 4.8% from 3Q 2024).
ライブニュース • 52mBitmine Reports Revenue Jump to $46.5 Million as Ethereum Staking Dominates ResultsBitmine Immersion Technologies reported quarterly revenue of $46.5 million, a 22-fold increase, with Ethereum staking contributing 98% of that total in the quarter ended 31 May, while the company recorded a $9.1 billion net loss. Management indicated that if all of Bitmine’s Ethereum holdings were staked, annualized staking revenue could reach $284 million. This highlights how concentrated the business has become in this single crypto activity. Bitmine’s share price is $15.44, with the stock down 50.5% year to date. This suggests the market is still weighing the risks around the new model and the scale of recent losses. The shift to Ethereum staking makes Bitmine heavily reliant on one asset and one revenue stream, so readers may wish to weigh the potential cash flow against concentration risk and the impact of large reported losses on future funding flexibility.
New Risk • 15hNew major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$12b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$12b free cash flow). Shareholders have been substantially diluted in the past year (over 12x increase in shares outstanding).
Reported Earnings • 15hThird quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: US$0.15 loss per share. Revenue: US$46.5m (up US$44.5m from 3Q 2025). Net loss: US$83.6m (loss widened US$83.0m from 3Q 2025). Revenue missed analyst estimates by 40%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 76% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US.
Price Target Changed • Jul 02Price target decreased by 7.8% to US$34.43Down from US$37.33, the current price target is an average from 3 analysts. New target price is 140% above last closing price of US$14.36. Stock is down 89% over the past year. The company is forecast to post a net loss per share of US$7.57 compared to earnings per share of US$13.60 last year.
ライブニュース • Jun 29Bitmine Immersion Technologies Completes NYSE Uplisting and Builds $13 Billion Crypto TreasuryBitmine Immersion Technologies has built a crypto and cash treasury of roughly $12 billion to $13.4 billion, including more than 5.6 million ETH (about 4.7% of Ethereum’s circulating supply), alongside an uplisting to the New York Stock Exchange and potential Russell 1000 inclusion. The company’s Made in America Validator Network (MAVAN) manages staking on over 4.7 million ETH, with annualized staking revenues projected in a $230 million to $300 million range. Management is also deploying capital into share buybacks and blockchain and AI-related ventures. Bitmine Immersion Technologies shares trade at $13.56, with the stock down 56.5% year to date, despite the larger NYSE listing that is expected to improve liquidity and institutional access. The combination of a concentrated Ethereum position, a meaningful staking revenue stream and NYSE presence leaves investors heavily exposed to both Ethereum price swings and operational execution in Bitmine’s staking and digital asset strategies.
ライブニュース • Jun 22Bitmine Immersion Technologies Raises $274 Million to Scale Ethereum Staking PlatformBitmine Immersion Technologies raised about $273.8m through an upsized public offering of 3.5 million shares of its 9.50% Series A Perpetual Preferred Stock. The preferred shares began trading on the NYSE under the ticker BMNP in June 2026. The company intends to use the proceeds to buy more Ethereum and other digital assets, scale its MAVAN Ethereum staking and validator infrastructure, and pursue strategic investments. It may also repurchase common stock. Bitmine currently holds roughly 5.62 million ETH, with over 4.7 million ETH staked and projected annualized staking revenues above $226m. Bitmine Immersion Technologies’ common stock trades around $16.14, with the share price down about 48.3% year to date. The funding move further concentrates Bitmine’s exposure to Ethereum, so the main risk lens here is exposure to ETH price and staking economics alongside the company’s ability to maintain those projected cash flows.
分析記事 • Jun 21Bitmine Immersion Technologies (BMNR) Stock Looks Cheap On P B But Rich On Cash FlowBitmine Immersion Technologies (BMNR) is back in focus after heavy cryptocurrency market liquidations, renewed debates over Ethereum funding, and mixed signals about how investors are valuing crypto-linked stocks with high short interest. See our latest analysis for Bitmine Immersion Technologies. At a share price of $16.14, Bitmine Immersion Technologies has a 1 day share price return of 2.8%. The 30 day and 90 day share price returns are down 14.5% and 24.1%, while the 1 year total...
Seeking Alpha • Jun 17Bitmine Immersion: BMNP Preferred Capital And The Cost Of Ethereum Treasury ExpansionSummary Bitmine Immersion now holds $9.65B in Ethereum, making it the largest corporate ETH treasury with 5.62M ETH staked for ~2.99% yield. BMNR issued 9.50% Series A Perpetual Preferred Stock, raising $280M in gross proceeds but introducing a $350M senior claim and considerable dividend obligations. BMNR trades at a 2.6% discount to adjusted NAV, with market pricing neither ETH upside nor staking compounding into current valuation. I recommend a Buy on BMNR, contingent on disciplined preferred issuance and ETH price recovery, while noting dilution and crypto volatility risks. Read the full article on Seeking Alpha
ライブニュース • Jun 12BitMine Immersion Eyes 5% Ethereum Supply Target with NYSE Move and Bitcoin ExpansionBitMine Immersion Technologies holds about 5.54 million ETH, or roughly 4.59% of circulating supply, and is targeting ownership of 5% by late 2026 while moderating its previously aggressive weekly purchases that exceeded 100,000 ETH. The company operates MAVAN, an institutional Ethereum staking platform with over 4.7 million ETH staked and annualized staking revenues projected around US$230 million, supported by total crypto and cash holdings of about US$9.6b. BitMine recently uplisted from NYSE American to the New York Stock Exchange and is approaching inclusion in the Russell 1000 Index, while also expanding into Bitcoin mining and AI and digital finance ventures. The scale of BitMine’s Ethereum position and staking operations places the company among the more concentrated ETH-focused treasury and infrastructure plays. This ties its fortunes closely to Ethereum’s price, network usage and regulatory outcomes. At the same time, management’s expansion into Bitcoin mining and AI-related projects adds new revenue avenues. It also introduces execution risk and greater exposure to crypto market volatility and operational costs.
ライブニュース • Jun 04Bitmine Immersion Targets 5% Ethereum Supply With $4.7 Million ETH Staked and New Preferred OfferingBitmine Immersion Technologies now holds over 5.4 million ETH, about 4.49% of circulating supply, with more than 4.7 million ETH staked on its MAVAN platform and total crypto and cash assets of roughly US$11.6b. The company reports net losses above US$3.8b and estimated unrealized losses of around US$8.9b tied to ETH trading below US$1,800, while the stock is down about 26% over the past month and 46% year to date and trading near book value with a P/B below peers. Bitmine has proposed a US$300m Series A perpetual preferred stock offering with a 9.5% cumulative dividend and has expanded its common share repurchase authorization to US$4b, while continuing to target ownership of 5% of ETH supply by late 2026. The picture that emerges is a company highly concentrated in Ethereum, with sizeable paper and reported losses but substantial on-balance-sheet assets and a focus on income from staking via MAVAN. You should weigh the appeal of large ETH exposure, institutional-grade staking infrastructure and preferred dividends against stock volatility, crypto price sensitivity and the execution risk tied to financing plans and continued ETH accumulation.
Price Target Changed • May 11Price target increased by 8.2% to US$37.33Up from US$34.50, the current price target is an average from 3 analysts. New target price is 62% above last closing price of US$23.02. Stock is up 156% over the past year. The company is forecast to post a net loss per share of US$15.82 compared to earnings per share of US$13.60 last year.
New Risk • May 03New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$8.7b Forecast net loss in 1 year: US$2.4b This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (over 286x increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.4b net loss next year). Share price has been volatile over the past 3 months (13% average weekly change).
Reported Earnings • Apr 16Second quarter 2026 earnings released: US$8.40 loss per share (vs US$0.58 loss in 2Q 2025)Second quarter 2026 results: US$8.40 loss per share (further deteriorated from US$0.58 loss in 2Q 2025). Revenue: US$11.0m (up US$9.52m from 2Q 2025). Net loss: US$3.82b (loss widened US$3.82b from 2Q 2025). Revenue is forecast to grow 76% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 25Bitmine Immersion Technologies Announces Launch of MAVAN Staking SolutionBitmine Immersion Technologies, Inc. announced the official launch of MAVAN (Made in America VAlidator Network), its proprietary institutional-grade Ethereum staking platform. MAVAN is designed to serve as the premier Ethereum staking destination for institutions, with a focus on security, performance, and resilience. The platform combines U.S.-based infrastructure for institutions requiring domestic validation with a flexible, globally distributed architecture to support clients worldwide. Originally developed to support Bitmine's own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. As of 5:00PM ET on March 24, 2026, Bitmine total staked ETH stands at 3,142,643 ($6.8 billion at $2,148 per ETH via Coinbase). Bitmine has staked more ETH than other entities in the world. When Bitmine's ETH is fully staked by MAVAN in the coming weeks, the ETH staking rewards will be nearly $300 million annually (using 2.83% 7-day BMNR yield). In this past week, Bitmine staked 101,776 ETH ($219 million) to MAVAN and intends to continue to add scale over the coming weeks with the goal of staking nearly all of Bitmine's remaining unstaked ETH.
New Risk • Feb 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 111% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 228x increase in shares outstanding).
お知らせ • Jan 29Bitmine Immersion Technologies, Inc. Terminates Erik Nelson as President, Effective as of January 22, 2026On January 22, 2026, Bitmine Immersion Technologies, Inc. entered into a Separation Agreement and General Release with its President, Erik Nelson, memorializing the terms of his separation from the Company. The Company also provided Mr. Nelson notice of his separation on the same date. The Compensation Committee of the Board of Directors and the Board of Directors (the “Board”) each took action on January 22, 2026, to review and approve the Separation Agreement and the separation benefits contemplated thereby. Under the Separation Agreement, the parties agreed that Mr. Nelson’s employment will terminate without Cause effective as of January 22, 2026.
New Risk • Jan 14New major risk - Revenue and earnings growthEarnings have declined by 111% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 111% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 213x increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change).
お知らせ • Jan 09+ 1 more updateBitmine Immersion Technologies, Inc. Appoints Young Kim as Chief Operating Officer and Board Director, Effective January 1, 2026Bitmine Immersion Technologies, Inc. announced that Young Kim, age 48, has been appointed Chief Operating Officer ("COO") in addition to being appointed as a member of the Company's Board of Directors (the "Board"). Mr. Kim will report to Thomas "Tom" Lee, Chairman of the Board. This appointment is effective January 1, 2026. Young Kim is a seasoned investment executive with more than 20 years of experience managing multi-billion-dollar global franchises. He brings a distinctive "engineer-investor" perspective, shaped by his early career as a software engineer and his education at MIT and Harvard Business School. From 2021 to 2025, Mr. Kim served as Partner and Senior Portfolio Manager at Axiom Investors, following a decade as Senior Portfolio Manager at Columbia Threadneedle Investments from 2011 to 2021. Earlier in his career, he held roles across investment research, venture capital, business development, and software engineering, with a proven track record of scaling assets, driving product innovation, and executing complex strategies.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$33.35, the stock trades at a trailing P/E ratio of 43.3x. Average forward P/E is 15x in the Software industry in the US. Total returns to shareholders of 138% over the past three years.
Valuation Update With 7 Day Price Move • Dec 16Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to US$30.95, the stock trades at a trailing P/E ratio of 36.2x. Average forward P/E is 15x in the Software industry in the US. Total returns to shareholders of 121% over the past three years.
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 22%After last week's 22% share price gain to US$31.74, the stock trades at a trailing P/E ratio of 36.5x. Average forward P/E is 13x in the Software industry in the US. Total returns to shareholders of 127% over the past three years.
お知らせ • Nov 24Bitmine Immersion Technologies, Inc., Annual General Meeting, Jan 15, 2026Bitmine Immersion Technologies, Inc., Annual General Meeting, Jan 15, 2026. Location: wynn meeting and conference center, 3131 las vegas blvd s, las vegas, nevada 89109, United States
Reported Earnings • Nov 23Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: US$13.84 (up from US$1.32 loss in FY 2024). Net income: US$334.1m (up US$337.4m from FY 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 22Bitmine Immersion Technologies, Inc. Declares Annual Dividend, Payable on December 29, 2025Bitmine Immersion Technologies, Inc. declared annual dividend of $0.01 per BMNR share. Declaration date is November 21, 2025; Ex-dividend date is December 5, 2025; Record date December 8, 2025; Payable date is December 29, 2025.
お知らせ • Nov 18Bitmine Immersion Technologies, Inc. to Report Q4, 2025 Results on Nov 21, 2025Bitmine Immersion Technologies, Inc. announced that they will report Q4, 2025 results Pre-Market on Nov 21, 2025
お知らせ • Nov 14+ 1 more updateBitmine Immersion Technologies, Inc. Announces Chief Executive Officer Changes, Effective November 14, 2025BitMine Immersion Technologies, Inc. on November 14, 2025 announced that Chi Tsang has been appointed Chief Executive Officer, effective November 14, 2025. Former BitMine CEO is Jonathan Bates. Chi Tsang succeed Jonathan Bates as BitMine's Chief Executive Officer.
お知らせ • Sep 22+ 1 more updateBitmine Immersion Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $365.24005 million.Bitmine Immersion Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $365.24005 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 5,217,715 Price\Range: $70 Transaction Features: Registered Direct Offering
お知らせ • Aug 28Bitmine Immersion Technologies, Inc. Appoints David Sharbutt to the Board of DirectorsBitmine Immersion Technologies, Inc. announced that David Sharbutt has been elected to the company's board of directors. David is the founder, Chairman, & CEO of Alamosa Holdings which became a public company in 2000, and quickly grew to a presence in 22 states with revenues exceeding $1B. Alamosa was acquired by Sprint in 2006. David was elected to the board of American Tower Corporation (NYSE:AMT) in 2006 and continued to serve until 2023. During David's time at American Tower, it grew from a moderate sized domestic tower company to become the largest REIT in the world. It is the leading global provider of shared infrastructure. David served on the Audit Committee and the Nominating and Corporate Governance Committee for American Tower, serving as the Committee Chair from 2017 to 2022. David is involved in a number of private companies as an owner and Director. These companies involve real estate, telecom, technology, food safety, restaurants, agriculture, reverse logistics, and dry cleaning. David is the Chair and primary owner of Edit Holdings. Edit Holdings operates Tide Dry Cleaners in Houston, Austin, Lubbock, Amarillo, Colorado Springs, and Denver.
お知らせ • Jul 29Bitmine Immersion Technologies, Inc. (NYSEAM:BMNR) announces an Equity Buyback for $1,000 million worth of its shares.Bitmine Immersion Technologies, Inc. (NYSEAM:BMNR) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its shares.
お知らせ • Jul 22Bitmine Immersion Technologies, Inc. announced that it has received $182 million in funding from ARK Investment Management LLCBitmine Immersion Technologies, Inc announced that it has completed a private placement and issued 4,773,444 common shares at a price of $38.127608 for aggregate gross proceeds of $182,000,001.64 on July 22, 2025. The Net proceeds received by the company from the transaction amounted to $177,000,000. The transaction included participation from ARK Invest.
お知らせ • Jul 09Bitmine Immersion Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $2 billion.Bitmine Immersion Technologies, Inc. has filed a Follow-on Equity Offering in the amount of $2 billion. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
お知らせ • Jul 04Bitmine Immersion Technologies, Inc. announced that it has received $212.921061 million in funding from a group of investorsOn July 3, 2025, Bitmine Immersion Technologies, Inc. closed the transaction.
Reported Earnings • Jul 03Third quarter 2025 earnings released: US$0.31 loss per share (vs US$0.26 loss in 3Q 2024)Third quarter 2025 results: US$0.31 loss per share. Revenue: US$2.05m (up 68% from 3Q 2024). Net loss: US$622.8k (loss narrowed 4.8% from 3Q 2024).
お知らせ • Jul 01Bitmine Immersion Technologies, Inc. Announces Board ChangesBitmine Immersion Technologies, Inc. approved the increase of the size of the Company’s Board from seven to eight directors. Effective immediately, the Board elected Thomas Lee as a director to fill the newly created director position, and to serve until the next annual meeting of shareholders of the Company or until his successor is elected or appointed and qualified. Jonathan Bates, the Company’s Chief Executive Officer, stepped down as the Chairman of the Board, and the Board elected Mr. Lee as Chairman of the Board. The Board has not determined committee appointments for Mr. Lee at this time. The Board believes Mr. Lee is qualified to serve as a director and Chairman of the Board due to his extensive business experience. Mr. Lee is a Managing Partner and the Head of Research at Fundstrat Global Advisors. He is also the Chief Investment Officer (CIO) of Fundstrat Capital which currently manages greater than $1.5 billion in assets under management. He is an accomplished Wall Street strategist with over 25 years of experience in equity research, and has been top ranked by Institutional Investor every year since 1998. Prior to founding Fundstrat, Mr. Lee was at J.P. Morgan from 1999 to 2014 and served as Chief Equity Strategist from 2007 to 2014. He was top-ranked by Institutional Investor every year since 1998. Previously, he served as Managing Director at Salomon Smith Barney. Mr. Lee graduated from the undergraduate program at the Wharton School, University of Pennsylvania.
お知らせ • Jun 30Bitmine Immersion Technologies, Inc. announced that it expects to receive $250.000002 million in funding from a group of investorsBitmine Immersion Technologies, Inc announced a private placement to issue 55,555,556 shares of common stock at a price of $4.5 per share for aggregate gross proceeds of $250,000,002 on June 30, 2025. The transaction will include participation from MOZAYYX as a lead Investor and other Investors including Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management, and Thomas Lee. The transaction is expected to close on or about July 3, 2025. The securities will be issued pursuant to regulation D.
New Risk • Jun 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 73% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$171k free cash flow). Share price has been highly volatile over the past 3 months (61% average weekly change). Earnings have declined by 54% per year over the past 5 years. Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Minor Risks Revenue is less than US$5m (US$4.6m revenue). Market cap is less than US$100m (US$29.0m market cap).
Board Change • Jun 05Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Lori Love was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 05Bitmine Immersion Technologies, Inc. has completed an IPO in the amount of $18 million.Bitmine Immersion Technologies, Inc. has completed an IPO in the amount of $18 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,250,000 Price\Range: $8 Discount Per Security: $0.6
お知らせ • May 21BitMine Immersion Technologies, Inc. Launches Bitcoin Treasury Advisory PracticeBitMine Immersion Technologies, Inc. announced the launch of its Bitcoin Treasury Advisory Practice, alongside a $4 million strategic transaction with a U.S. exchange-listed company. BitMine is offering "Mining as a Service," or MaaS, to the strategic partner and plans to offer MaaS to companies that own Bitcoin and wish to add Bitcoin denominated revenue, in addition to Bitcoin, as a core treasury holding.
お知らせ • Jan 21Bitmine Immersion Technologies, Inc. has filed an IPO in the amount of $15 million.Bitmine Immersion Technologies, Inc. has filed an IPO in the amount of $15 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: New Market Listing
お知らせ • Dec 12Bitmine Immersion Technologies, Inc. (OTCPK:BMNR) announces an Equity Buyback for $0.25 million worth of its shares.Bitmine Immersion Technologies, Inc. (OTCPK:BMNR) announces a share repurchase program. Under the program, the company will repurchase up to $0.25 million worth of its shares. The purpose of program is to reduce the issued share capital. The repurchase program will be valid till December 31, 2025.
お知らせ • Nov 26Bitmine Immersion Technologies, Inc. announced delayed annual 10-K filingOn 11/25/2024, Bitmine Immersion Technologies, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
お知らせ • Jan 17Bitmine Immersion Technologies, Inc. Announces the Addition of John Kelly to Its Board of DirectorsBitMine Immersion Technologies, Inc. ("BitMine" or "the Company") announced that it has added John Kelly to its Board of Directors. Mr. Kelly has started numerous successful businesses in Heavy Construction, Site Development, Real Estate Development, Car Dealership construction, and Bitcoin Mining Site development. He has helped develop over 100 Car Dealerships, has owned and constructed over 3 million square feet of industrial buildings, and has overseen the construction of over 10,000 individual housing units. His clients include Amazon, Siemens, RK Centers, Group1 Automotive, and Eversource. He is currently President or Principal of three separate companies, including Rykor Energy Solutions. Rykor Energy Solutions produces a proprietary immersion datacenter primarily used for Bitcoin Mining. Mr. Kelly is a principal of ROC Digital Mining Manager, LLC, which manages ROC Digital Mining I, LLC, hosting and mining enterprise in which the Company is a major investor. Mr. Kelly is very qualified to serve on the board given his deep understanding of the construction and engineering which goes into the development and maintenance of a Bitcoin Mining site. Furthermore, he designed and developed his own immersion datacenter product, which will provide valuable insight to the company. Mr. Kelly holds numerous Contractor licenses related to Industrial, Commercial, and Residential Construction. Mr. Kelly graduated from Boston College in 1991 with a degree in Political Science.
お知らせ • Nov 30Bitmine Immersion Technologies, Inc. announced delayed annual 10-K filingOn 11/29/2023, Bitmine Immersion Technologies, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
お知らせ • Aug 09Bitmine Immersion Technologies, Inc. Appoints Lori Love to Its Board of DirectorsBitMine Immersion Technologies, Inc. announced the appointment of Lori Love to its board of directors. Lori has vast experience in both Bitcoin mining as well as helping to grow an important public company miner into a substantial organization. Lori joins effective August 8th and will also be a member of a newly created Audit Committee along with board members Michael Maloney and Jonathan Bates. This board appointment, along with the creation of the Audit Committee, are important steps for BitMine as they are key components toward an upgraded listing.
お知らせ • Nov 30Bitmine Immersion Technologies, Inc. announced delayed annual 10-K filingOn 11/29/2022, Bitmine Immersion Technologies, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
お知らせ • Oct 21Bitmine Immersion Technologies, Inc. (OTCPK:BMNR) acquired a 30% stake in Roc Digital Mining Manager LLC.Bitmine Immersion Technologies, Inc. (OTCPK:BMNR) acquired a 30% stake in Roc Digital Mining Manager LLC on October 13, 2022. Bitmine Immersion Technologies, Inc. (OTCPK:BMNR) completed the acquisition of a 30% stake in Roc Digital Mining Manager LLC on October 13, 2022.
お知らせ • Sep 08Bitmine Immersion Technologies, Inc. announced that it has received fundingBitmine Immersion Technologies, Inc. announced that it has received an equity round of funding on September 7, 2022. The funding was raised pursuant to regulation D.
お知らせ • May 29Bitmine Immersion Technologies, Inc. Appoints Erik Nelsons as PresidentBitmine Immersion Technologies, Inc. announced the appointment of Erik Nelsons as President. Mr. Nelson previously served as Chief Executive Officer.
お知らせ • May 28Bitmine Immersion Technologies, Inc. Resigns Erik S. Nelson as Chief Executive OfficerBitmine Immersion Technologies, Inc. announced on May 26, 2022, Erik S. Nelson resigned as chief executive officer of the company in order to allow Jonathan Bates to assume the position of chief executive officer.
お知らせ • May 27BitMine Immersion Technologies, Inc. Appoints Jonathan Bates as Chief Executive OfficerBitMine Immersion Technologies, Inc. announced the appointment of Jonathan Bates as Chief Executive Officer and Erik Nelson’s new appointment as President. Mr. Bates has been serving as Chairman of the Board of Directors since July of 2021 and will continue in that role. Mr. Bates has agreed to work for no salary through the end of 2022 and will receive only equity options that will not be exercisable until 2023. Mr. Nelson previously served as Chief Executive Officer.
お知らせ • Apr 14Bitmine Immersion Technologies, Inc. announced delayed 10-Q filingOn 04/13/2022, Bitmine Immersion Technologies, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • Nov 30Bitmine Immersion Technologies, Inc. announced delayed annual 10-K filingOn 11/29/2021, Bitmine Immersion Technologies, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.