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
As of Oct 16, 2026Fact sheet (from the annual report)Other financial services · Norwalk, USAfull fact sheet
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.
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.
Pullback in trend · Analysis method
The price of BMNR is currently in no zone of this method. The check runs daily after the market close.
Whether a price will soon reach a zone, you see from Watcher. Plans and pricing
How the zone is formed
What is this? In an intact uptrend (price above the 200-day line, 50-day line rising), the price pulls back to the 50-day line after a rise and closes back above it.
Buy zone: around the 50-day line (± 0.5 ATR). Stop: 1.5 ATR below it. Target 1: the last high, Target 2: 2 ATR above it.
The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
No external chart for BMNR
This symbol has no matching TradingView symbol. Our analysis is shown below as numbers.
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
BitMine Immersion Technologies · Sector Financials · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Nov 21, 2025.
In short
Light green: Revenue grew over 3 years (+142.5% per year), at least as fast as the sector median.
Light green: Net margin 5,719.1%, above the sector median (19.4%).
Light red: Profit in 1 of 5 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
−100M0100M200M300M400M
2021Fiscal year 2021 (Sep 1, 2020 – Aug 31, 2021): Revenue 0.0 USD · Net income −154.2K USD · Net margin not available
2022Fiscal year 2022 (Sep 1, 2021 – Aug 31, 2022): Revenue 427.7K USD · Net income −2.0M USD · Net margin −468.9%
2023Fiscal year 2023 (Sep 1, 2022 – Aug 31, 2023): Revenue 645.3K USD · Net income −2.5M USD · Net margin −382.0%
2024Fiscal year 2024 (Sep 1, 2023 – Aug 31, 2024): Revenue 3.3M USD · Net income −3.3M USD · Net margin −99.5%
2025Fiscal year 2025 (Sep 1, 2024 – Aug 31, 2025): Revenue 6.1M USD · Net income 348.6M USD · Net margin 5,719.1%
Margin
−469%−382%−99%5,719%
RevenueNet incomeNet margin (below)in USD
−6B−4B−2B02B
Q3/23Quarter Q3/23 (Jun 1, 2023 – Aug 31, 2023): Revenue 245.3K USD · Net income −1.2M USD · Net margin −474.0% · Q4 derived (year minus 9 months), may be distorted by restatements
Q4/23Quarter Q4/23 (Sep 1, 2023 – Nov 30, 2023): Revenue 511.3K USD · Net income −929.9K USD · Net margin −181.9%
Q1/24Quarter Q1/24 (Dec 1, 2023 – Feb 29, 2024): Revenue 891.6K USD · Net income −902.7K USD · Net margin −101.2%
Q2/24Quarter Q2/24 (Mar 1, 2024 – May 31, 2024): Revenue 1.2M USD · Net income −654.2K USD · Net margin −53.4%
Q3/24Quarter Q3/24 (Jun 1, 2024 – Aug 31, 2024): Revenue 682.4K USD · Net income −813.9K USD · Net margin −119.3% · Q4 derived (year minus 9 months), may be distorted by restatements
Q4/24Quarter Q4/24 (Sep 1, 2024 – Nov 30, 2024): Revenue 1.2M USD · Net income −974.7K USD · Net margin −81.2%
Q1/25Quarter Q1/25 (Dec 1, 2024 – Feb 28, 2025): Revenue 1.5M USD · Net income −1.2M USD · Net margin −76.2%
Q2/25Quarter Q2/25 (Mar 1, 2025 – May 31, 2025): Revenue 2.1M USD · Net income −622.8K USD · Net margin −30.4%
Q3/25Quarter Q3/25 (Jun 1, 2025 – Aug 31, 2025): Revenue not available · Net income 351.3M USD · Net margin not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q4/25Quarter Q4/25 (Sep 1, 2025 – Nov 30, 2025): Revenue 2.3M USD · Net income −5.2B USD · Net margin −226,955.7%
Q1/26Quarter Q1/26 (Dec 1, 2025 – Feb 28, 2026): Revenue 11.0M USD · Net income −3.8B USD · Net margin −34,583.9%
Q2/26Quarter Q2/26 (Mar 1, 2026 – May 31, 2026): Revenue 46.5M USD · Net income −83.6M USD · Net margin −179.6%
2021Fiscal year 2021 (Sep 1, 2020 – Aug 31, 2021): Earnings per share −0.40 USD (adjusted for split 1:20)
2022Fiscal year 2022 (Sep 1, 2021 – Aug 31, 2022): Earnings per share −1.00 USD (adjusted for split 1:20)
2023Fiscal year 2023 (Sep 1, 2022 – Aug 31, 2023): Earnings per share −1.00 USD (adjusted for split 1:20)
2024Fiscal year 2024 (Sep 1, 2023 – Aug 31, 2024): Earnings per share −1.40 USD (adjusted for split 1:20)
2025Fiscal year 2025 (Sep 1, 2024 – Aug 31, 2025): Earnings per share 13.39 USD
Earnings per shareUSD per share
−20−15−10−5.000
Q3/23Quarter Q3/23 (Jun 1, 2023 – Aug 31, 2023): Earnings per share not reported separately for Q4
Q4/23Quarter Q4/23 (Sep 1, 2023 – Nov 30, 2023): Earnings per share −0.40 USD (adjusted for split 1:20)
Q1/24Quarter Q1/24 (Dec 1, 2023 – Feb 29, 2024): Earnings per share −0.40 USD (adjusted for split 1:20)
Q2/24Quarter Q2/24 (Mar 1, 2024 – May 31, 2024): Earnings per share −0.20 USD (adjusted for split 1:20)
Q3/24Quarter Q3/24 (Jun 1, 2024 – Aug 31, 2024): Earnings per share not reported separately for Q4
Q4/24Quarter Q4/24 (Sep 1, 2024 – Nov 30, 2024): Earnings per share −1.60 USD (adjusted for split 1:20)
Q1/25Quarter Q1/25 (Dec 1, 2024 – Feb 28, 2025): Earnings per share −0.60 USD (adjusted for split 1:20)
Q2/25Quarter Q2/25 (Mar 1, 2025 – May 31, 2025): Earnings per share −0.31 USD
Q3/25Quarter Q3/25 (Jun 1, 2025 – Aug 31, 2025): Earnings per share not reported separately for Q4
Q4/25Quarter Q4/25 (Sep 1, 2025 – Nov 30, 2025): Earnings per share −15.98 USD
Q1/26Quarter Q1/26 (Dec 1, 2025 – Feb 28, 2026): Earnings per share −8.40 USD
Q2/26Quarter Q2/26 (Mar 1, 2026 – May 31, 2026): Earnings per share −0.15 USD
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%
Key figures with traffic lights
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).
Revenue growth
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
Light green: above sector
+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.
Net income (total)
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
Light gray: not computable
–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.
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.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light gray: not available
–latest balance sheet
Sector Financials: median 0.63 (47 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.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light gray: none found
–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.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light red: 4 loss years
1 of 5fiscal 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).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
6.1M USD
Revenue vs. prior year
+84.1%
Net income (FY)
348.6M USD
Net income vs. prior year
–
EPS (FY)
13.39 USD
13F funds with a position
–
Funds vs. prior quarter
–
Shares held vs. prior quarter
–
Fiscal year to Aug 31, 2025 · 10-K filed Nov 21, 2025 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
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
–
–
Quarters (amounts in USD, per share in USD)
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.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
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.
Trend score -5
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows-10
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)24.1
Rel. strength 60 d+22.9%
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.