BitMine Immersion Technologies was originally active in Bitcoin mining and now mainly holds large amounts of the cryptocurrency Ether as a reserve. The development of the stock therefore depends heavily on Ether. The stock is listed on NYSE American. As of Oct 16, 2026
Bitmine Immersion Technologies is a US-based company that holds and actively manages Ether as its central reserve. Through equity and other capital markets transactions, it offers investors indirect access to Ether. From 2021 to mid-2025 the company operated immersion-cooled sites, mined Bitcoin itself and provided space for mining equipment to third-party customers. Since the third quarter of 2025 the focus has been on digital asset advisory and managing the reserve, while its own mining is being wound down. Results depend mainly on market conditions for Ether and on operational efficiency. In June 2025 the common shares moved from the over-the-counter market to the NYSE American exchange.
Automatically summarized from SEC annual report (10-K, filed Nov 21, 2025) (website of the US Securities and Exchange Commission) · reviewed Oct 17, 2026
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
This method currently detects no pattern for BMNR. The check runs daily after the close.
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This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
BitMine Immersion Technologies · Sector Financials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Nov 21, 2025.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Aug 31, 2025
7,288.1% Fiscal year 2025
Rank 100 of 100: higher than 100% of 192 peers (All). strong.
Rank 96 of 100: higher than 96% of 13 peers (Sector). strong.
Median Financials: 39.0%
Operating income divided by revenue: what the core business earns before interest and taxes.
5,719.1% Fiscal year 2025
Rank 100 of 100: higher than 100% of 237 peers (All). strong.
Rank 98 of 100: higher than 98% of 33 peers (Sector). strong.
Median Financials: 26.2%
Profit after all costs, interest and taxes divided by revenue.
4.0% Fiscal year 2025
Rank 20 of 100: higher than 20% of 218 peers (All). weak.
Rank 8 of 100: higher than 8% of 32 peers (Sector). weak.
Median Financials: 13.9%
Net income divided by equity at fiscal year end.
4.0% Fiscal year 2025 (total assets at year end)
Rank 36 of 100: higher than 36% of 238 peers (All). medium.
Rank 62 of 100: higher than 62% of 33 peers (Sector). medium.
Median Financials: 2.4%
Net income divided by total assets at fiscal year end.
98.8% Fiscal year 2025
Rank 100 of 100: higher than 100% of 239 peers (All). strong.
Rank 98 of 100: higher than 98% of 33 peers (Sector). strong.
Median Financials: 18.2%
Equity as a share of total assets. Usually low for banks.
−85.5% Fiscal year 2025
Rank 10 of 100: higher than 10% of 213 peers (All). weak.
Rank 15 of 100: higher than 15% of 23 peers (Sector). weak.
Median Financials: 25.8%
Free cash flow divided by revenue.
−5.2M USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
+142.5% per year
Rank 98 of 100: higher than 98% of 230 peers (All). strong.
Rank 98 of 100: higher than 98% of 32 peers (Sector). strong.
Median Financials: +9.7%
Average growth per year over 3 fiscal years.
51.50 at fiscal year end
Rank 99 of 100: higher than 99% of 215 peers (All). strong.
Rank 96 of 100: higher than 96% of 13 peers (Sector). strong.
Median Financials: 1.10
Current assets divided by current liabilities.
+1,037.4% in 3 years
No rank: too few peers or not computed yet.
Change in diluted share count. Negative = share buybacks, positive = new shares.
Banks and insurers usually do not report gross margin, current assets or capital expenditure – those criteria then do not count. Debt is part of their business.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Sep 1, 2024 – Aug 31, 2025): Revenue 6.1M USD · Net income 348.6M USD · Net margin 5,719.1%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Return on equity rose in 4 years from −42.8% to 4.0%.
Return on equityReturn on assetsThe equity ratio rose in 4 years from 55.8% to 98.8%.
Equity in USD Long-term debt, depending on the filing, includes the current portion or leases.The current ratio rose in 4 years from 0.77 to 51.50.
Current ratioThe share count rose in 4 years by 4,924.5% – more new shares were issued than repurchased (dilution).
Diluted share countBanks and insurers: gross margin, current assets and capital expenditure are usually not reported and cash flow is not meaningful there – those lines and charts are omitted.
Profit comes mainly from sources other than revenue (e.g. value gains) – so no money flow chart.
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
For banks and insurers free cash flow is not meaningful; ratios to free cash flow are usually omitted.
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
BitMine Immersion Technologies next to 8 stocks of the sector Financials we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| ICE Intercontinental Exchange | 12.6B USD | +8.9% | – | 39.0% | 26.2% | 11.5% | 21.1% | – | – |
| MCO Moody's Corporation | 7.7B USD | +7.5% | – | 43.4% | 31.9% | 60.7% | 25.6% | – | – |
| COIN Coinbase | 7.2B USD | +41.2% | – | 20.0% | 17.6% | 8.5% | 49.9% | – | – |
| CME CME Group | 6.5B USD | +6.0% | – | 64.9% | 62.5% | 14.2% | 14.5% | – | – |
| HOOD Robinhood Markets | 4.5B USD | +36.1% | – | – | 42.1% | 20.6% | 24.0% | – | – |
| CRCL Circle Internet Group | 2.7B USD | – | – | −3.5% | −2.5% | – | 4.2% | – | – |
| SOFI SoFi Technologies | 619.4M USD | +43.1% | – | – | 77.7% | 4.6% | 20.7% | – | – |
| BMNR BitMine Immersion Technologies this stock | 6.1M USD | – | – | 7,288.1% | 5,719.1% | 4.0% | 98.8% | – | – |
| ASST Strive | 633.5K USD | – | – | −1,010.9% | −1,009.3% | −229.5% | 86.6% | – | – |
| Median of the sector 33 symbols | 27.0B USD | +9.1% | – | 39.0% | 26.2% | 13.9% | 18.2% | – | – |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 79 symbols in the Financials sector on our list (current members of the S&P 500 and other lists).
+142.5% per year, last 3 years
Sector Financials: median +9.3% (76 symbols)
What does this mean? Revenue: over 3 years it grew by 142.5% per year on average – at least as fast as the median company in the sector (+9.3%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
– per year, last 3 years
Sector Financials: median +12.0% (64 symbols)
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
5,719.1% last fiscal year
Sector Financials: median 19.4% (75 symbols)
What does this mean? Of every 100 USD in revenue, 5,719.06 USD remained as profit – at least as much as the median company in the sector (19.4%).
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
– latest balance sheet
Sector Financials: median 0.63 (60 symbols)
What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
– Dividend / earnings per share
Sector Financials: median 34% (58 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
1 of 5 fiscal years with a profit
What does this mean? In 1 of the last 5 fiscal years the bottom line showed a profit. 4 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Aug 31, 2025 | 6.1M | 348.6M | 5,719.1% | 13.39 | – | – |
| 2024 | Aug 31, 2024 | 3.3M | −3.3M | −99.5% | −1.40 | – | – |
| 2023 | Aug 31, 2023 | 645.3K | −2.5M | −382.0% | −1.00 | – | – |
| 2022 | Aug 31, 2022 | 427.7K | −2.0M | −468.9% | −1.00 | – | – |
| 2021 | Aug 31, 2021 | 0.0 | −154.2K | – | −0.40 | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | May 31, 2026 | 46.5M | −83.6M | −179.6% | −0.15 | – | – |
| Q1/26 | Feb 28, 2026 | 11.0M | −3.8B | −34,583.9% | −8.40 | – | – |
| Q4/25 | Nov 30, 2025 | 2.3M | −5.2B | −226,955.7% | −15.98 | – | – |
| Q3/25* | Aug 31, 2025 | – | 351.3M | – | – | – | – |
| Q2/25 | May 31, 2025 | 2.1M | −622.8K | −30.4% | −0.31 | – | – |
| Q1/25 | Feb 28, 2025 | 1.5M | −1.2M | −76.2% | −0.60 | – | – |
| Q4/24 | Nov 30, 2024 | 1.2M | −974.7K | −81.2% | −1.60 | – | – |
| Q3/24* | Aug 31, 2024 | 682.4K | −813.9K | −119.3% | – | – | – |
| Q2/24 | May 31, 2024 | 1.2M | −654.2K | −53.4% | −0.20 | – | – |
| Q1/24 | Feb 29, 2024 | 891.6K | −902.7K | −101.2% | −0.40 | – | – |
| Q4/23 | Nov 30, 2023 | 511.3K | −929.9K | −181.9% | −0.40 | – | – |
| Q3/23* | Aug 31, 2023 | 245.3K | −1.2M | −474.0% | – | – | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Per-share values adjusted for stock split Stock splitA company divides each share into several new ones; the value of the company stays the same. We convert per-share values from before the split to today’s scale.Example: Split 4 : 1, earnings per share before $11.89 → comparable today $2.97.More in the Academy: Lesson revenue, profit and margin 1:20 (between Apr 14, 2025 and Jul 2, 2025). Quarters are labeled by the calendar quarter in which they end.
The filings for this stock are being loaded right now – they will appear here over the next few days.
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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