Feed / BMNR

Bitmine Immersion Technologies, Inc.

BMNR

Financial Services · 24.21 -0.0% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

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.

Company-0.0% todayVolume comparison unavailable
Market group0 of 7 activeCrypto-Linked Financials · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Financial Services · Capital Markets

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.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • BMNR's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Brokerage and capital-markets earnings model

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.

Key research questions
  • 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?
Annual periods5
Price observations326
Usable filing statements68
Verified relationships6
Evidence supporting the case
  • 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.
Evidence challenging the case
  • Operating cash flow was only -0.012x net income in the latest annual period.
Questions before a position
  • EV/sales is 16% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

24.21
6m+15.0%12m-45.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-08-31$0$-0.02
2022-08-31$427,669$-0.05
2023-08-31$645,278+50.9%$-0.05+13.8%
2024-08-31$3.3M+413.0%$-1.32
2025-08-31$6.1M+84.1%$13.39

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 1 filings
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

Valuation discipline

Descriptive valuation snapshot

Price/sales 97.4× · EV/sales 13.4×. Comparisons use only industry-matched filing peers.

Scenario scaffold

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

24.21-0.0% today

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.