“Interest expense was $71,867 in the three months ended May 31, 2025, as compared to $56,563 in the three months ended May 31, 2024, mainly as a result of increased balances due under the LOC Agreement with IDI.”10-Q · Jul 2, 2025 ↗
Bitmine Immersion Technologies, Inc.
BMNR
Market read
Bitmine Immersion Technologies, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
- BMNR's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if BMNR's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- BMNR's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
For brokers and capital-markets platforms, the key question is how client activity, interest rates, customer balances, margin lending and market conditions translate into earnings and capital needs.
- Can client and activity growth offset pressure from lower rates or weaker trading volumes?
- Are customer balances, margin lending and credit conditions changing the risk profile?
- Does the valuation reflect a durable earnings model or unusually favorable market conditions?
- Latest annual revenue changed +84.1% year over year.
- Operating margin changed +7362.1 percentage points in the latest annual period.
- Net margin changed +5818.6 percentage points in the latest annual period.
- Operating cash flow was only -0.012x net income in the latest annual period.
- EV/sales is 16% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
24.21Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
Valuation discipline
Descriptive valuation snapshot
Price/sales 97.4× · EV/sales 13.4×. Comparisons use only industry-matched filing peers.
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for BMNR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for BMNR. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind BMNR
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
KULRKULR Technology Group, Inc.partnerApr 14, 2026 ▾
“The increase in cost of sales leasing is a result of the Machine Lease Agreement Bitmine entered with KULR Technology Group, Inc.”
KULRKULR Technology Group, Inc.supplierNov 21, 2025 ▾
“The increase in cost of sales leasing is a result of the Machine Lease Agreement Bitmine entered with KULR Technology Group, Inc.”
Depended on by
BTBTBit Digital, Inc.competitorMar 27, 2026 ▾
“In ETH staking we view our main competitors as Sharplink Gaming, Bitmine immersion Technologies and The Ether Machine.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
BMNR is currently a Leader in the organic co-movement group Crypto-Linked Financials. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.