Latest revenue
$11.0M
as of 2026-02-28
Latest net income
$-3.82B
as of 2026-02-28
Net margin
-34583.9%
as of 2026-02-28
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $10.15B
- Enterprise value
- $10.15B
- P/E (trailing)
- 29.1×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.1%
- 52-wk high
- $161.00
- 52-wk low
- $3.92
- Beta
- —
- Shares out
- 537.6M
5-year trend
What this company does
Item 1. Business. Overview Bitmine Immersion Technologies, Inc. is a U.S.-based digital asset technology company focused on acquiring, holding and actively managing ETH as its primary treasury reserve asset. Through equity and other capital markets transactions, we provide investors with indirect exposure to ETH by deploying offering proceeds to acquire and manage ETH within our corporate treasury. From 2021 through mid-2025, we built and operated sites utilizing immersion cooling, conducted self-mining, provided hosting/mining-as-a-service, leased, and sold equipment and related infrastructure. Beginning in the third calendar quarter of 2025, management refined the business to prioritize…
AI summary unavailable — showing raw filing excerpt
Generated from BMNR's filing dated 2025-11-21
Key risks
Item 1A. Risk Factors. Ownership of our securities involves a high degree of risk. You should carefully consider the risks described below, together with all other information contained in or incorporated by reference into this Annual Report on Form 10-K, including our audited financial statements and the notes thereto, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” The following discussion highlights material risks that could adversely affect our business, financial condition, results of operations, cash flows, liquidity, prospects and the trading price of our common stock. Additional risks and uncertainties not presently known to us or that we…
AI summary unavailable — showing raw filing excerpt
Generated from BMNR's filing dated 2025-11-21
Profitability
Gross margin
23.0%
33.3%Operating margin
7288.1%
9955.5%Net margin
5719.1%
5849.2%Return on equity
4.0%
105.0%Return on assets
4.0%
108.8%Leverage
Debt / equity
0.01×
98.5%Debt / assets
1.2%
97.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-02-28 | $11.0M | +627.8% | $-3.82B | -330212.5% | -34583.9% |
Q4 2025 2025-11-30 | $2.3M | +91.0% | $-5.20B | -534201.3% | -226955.7% |
Q3 2025 2025-08-31 | $1.3M | +94.2% | $351.3M | +43677.4% | 26509.2% |
Q2 2025 2025-05-31 | $2.1M | +67.5% | $-622.8K | +4.8% | -30.4% |
Q1 2025 2025-02-28 | $1.5M | +70.1% | $-1.2M | -28.1% | -76.2% |
Q4 2024 2024-11-30 | $1.2M | +134.9% | $-974.0K | -4.7% | -81.1% |
Q3 2024 2024-08-31 | $682.4K | — | $-806.2K | — | -118.1% |
Q2 2024 2024-05-31 | $1.2M | +761.9% | $-654.2K | -24.9% | -53.4% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Finance Services · SIC 6199
Your notes
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Insider activity
Insider buying
$79.3M
Insider selling
$0
Net activity
+$79.3M
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns BMNR
Institutional value
$2.04B
Total shares held
104.3M
Distinct holders
282
-130 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 20.3M | $402.4M | — | New |
| 2 | BlackRock, Inc. | 11.1M | $219.1M | +2.0M (+22.4%) | Added |
| 3 | ARK Investment Management LLC | 9.7M | $191.8M | +241.8K (+2.6%) | Added |
| 4 | Marex Group plc | 9.2M | $181.5M | -848.7K (-8.5%) | Trimmed |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 8.6M | $170.2M | — | New |
| 6 | Sumitomo Mitsui Trust Group, Inc. | 4.9M | $97.1M | -9.0K (-0.2%) | Trimmed |
| 7 | Nikko Asset Management Americas, Inc. | 4.9M | $97.0M | -4.3K (-0.1%) | Trimmed |
| 8 | JANE STREET GROUP, LLC | 3.9M | $76.8M | +1.2M (+47.3%) | Added |
| 9 | MOZAYYX MANAGEMENT LLC | 3.3M | $65.9M | +0 (+0.0%) | No change |
| 10 | UBS Group AG | 3.0M | $58.4M | +1.1M (+56.3%) | Added |
| 11 | VANGUARD FIDUCIARY TRUST CO | 2.8M | $54.8M | — | New |
| 12 | BANK OF MONTREAL /CAN/ | 2.3M | $46.3M | -150.6K (-6.0%) | Trimmed |
| 13 | IMC-Chicago, LLC | 2.0M | $39.7M | +607.6K (+43.4%) | Added |
| 14 | LPL Financial LLC | 1.1M | $21.2M | +177.2K (+19.8%) | Added |
| 15 | BIT Capital GmbH | 1.0M | $20.5M | +680.4K (+191.6%) | Added |
| 16 | EXCHANGE TRADED CONCEPTS, LLC | 860.9K | $17.0M | +835.7K (+3304.7%) | Added |
| 17 | Vontobel Holding Ltd. | 840.6K | $16.6M | +816.1K (+3324.5%) | Added |
| 18 | California Public Employees Retirement System | 711.4K | $14.1M | — | New |
| 19 | Boundless Plain Holdings Ltd | 675.2K | $13.4M | +52.3K (+8.4%) | Added |
| 20 | BNP PARIBAS FINANCIAL MARKETS | 620.5K | $12.3M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once BMNR's latest filing finishes processing.