Bitmine Immersion Technologies, Inc. (BMNR) Stock Price & Analysis
Bitmine Immersion Technologies, Inc. (BMNR) closed at USD 22.5 on Thursday, October 22, 2026, down 6.09% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 23.96; the Oct 22, 2026 session ranged USD 21.95–23.15 on volume of 35,321,768 shares. Market capitalization is $13.57B, with a 52-week range of USD 12.8–54.54 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:27 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BMNR.md
Key facts (BMNR)
- Last four reported quarters (through May 31, 2026): revenue $61.2M, net income -$8.75B (-14306.6% margin) (SEC filings).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (3 analysts), mean target USD 45.87 (range 34–63.6).
- Total return with dividends: 1Y -54.3% vs S&P 500 +14.9%; 5Y +198.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-20, EPS estimate USD 0.02, revenue estimate $59.9M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BMNR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $0K | $428K | $645K | $3.3M | $6.1M | $61.2M |
| Gross profit | $0K | -$129K | $222K | $761K | $310K | — |
| Operating income | -$132K | -$1.7M | -$2.4M | -$2.4M | $444M | -$8.88B |
| Net income | -$154K | -$2.0M | -$2.5M | -$3.3M | $349M | -$8.75B |
| EPS (diluted) | -$0.02 | -$0.05 | -$0.05 | -$1.32 | $13.39 | — |
| Free cash flow | -$504K | -$4.4M | -$1.4M | -$106K | -$5.2M | -$295M |
| Gross margin | — | -30.2% | 34.5% | 23.0% | 5.1% | — |
| Operating margin | — | -400.8% | -374.0% | -73.9% | 7288.1% | -14505.1% |
| Net margin | — | -468.9% | -382.0% | -99.5% | 5719.1% | -14306.6% |
| Revenue growth | — | — | +50.9% | +413.0% | +84.1% | — |
| Cash + short-term investments | $219K | $393K | $271K | $499K | $512M | — |
Fiscal years end Aug. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through May 31, 2026) (BMNR)
P/S 221.8x · P/B 1.2x · FCF yield -2.17% · Earnings yield -64.50%
P/E at fiscal year-ends: Aug 2025 3.1x.
Analysts (BMNR)
Consensus Buy (mean 2.00 on a 1–5 scale), 3 analysts; mean target USD 45.87 (low 34, high 63.6).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-22 | B. Riley Securities | Target raised | Buy | $30 → $34 |
| 2026-09-10 | Cantor Fitzgerald | Target raised | Overweight | $30.6 → $63.6 |
| 2026-09-03 | B. Riley Securities | Target raised | Buy | $25 → $30 |
| 2026-07-16 | B. Riley Securities | Target lowered | Buy | $33 → $25 |
| 2026-07-01 | Cantor Fitzgerald | Target lowered | Overweight | $39 → $30.3 |
Total return (dividends reinvested) (BMNR)
| 1Y (from 2025-10-23) | 5Y (from 2025-06-02) | |
|---|---|---|
| Total return | -54.3% | +198.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -54.4% | +119.5% |
| Volatility (annualized) | 89.8% | 324.5% |
| Max drawdown | -75.2% (Oct 2025→Jun 2026) | -90.0% (Jun 2025→Jun 2026) |
BMNR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Aug 2026) | $0.01 | $0.09 | -83.3% | $59.9M | 2 |
| Next quarter (ends Nov 2026) | $0.12 | $0.21 | -42.9% | $108.7M | 1 |
| Current fiscal year (ends Aug 2026) | $-21.89 | $-15.82 | +38.3% | $119.8M | 2 |
| Next fiscal year (ends Aug 2027) | $0.69 | $0.69 | +1.5% | $624.8M | 2 |
Key Statistics (as of October 23, 2026 at 09:27 UTC)
| Price | USD 22.5 |
|---|---|
| Change | ▼ 6.09% (down) |
| Previous Close | USD 23.96 |
| Open | USD 22.71 |
| Day Range | USD 21.95 – 23.15 |
| 52-Week Range | USD 12.8 – 54.54 |
| Volume | 35,321,768 shares |
| Market Cap | $13.57B |
| Exchange | NYQ |
Technical Analysis (BMNR)
Nexqual's technical model rates BMNR "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:27 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 42.7 (neutral) |
| vs SMA50 | Below (USD 24.18) |
| MACD | -0.6 (negative) |
Analyst Ratings (BMNR)
Wall Street analysts rate BMNR "Buy" based on 3 analysts, with a mean price target of USD 45.87 (range USD 34–63.6), per Nexqual as of October 23, 2026 at 09:27 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 45.87 |
| High Target | USD 63.6 |
| Low Target | USD 34 |
| Buy / Hold / Sell | 3 / 0 / 0 |
Earnings (BMNR)
| Next Earnings Date | 2026-11-20 |
|---|---|
| Revenue Estimate | $59.85M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-05-31 | USD -0.13 vs est 0.18 ▼ miss |
| 2026-02-28 | USD -0.08 vs est 0.17 ▼ miss |
| 2025-11-30 | USD -0.19 vs est 0.15 ▼ miss |
| 2025-08-31 | USD 16.01 vs est -0.1 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Financials & Fundamentals (BMNR)
| Total Revenue | $61.20M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +2167.80% |
| Gross Margin | +84.44% |
| Operating Margin | +8.42% |
| Profit Margin | +0.00% |
| ROE | -150.91% |
| Debt / Equity | 0 |
| Current Ratio | 36.68 |
| Total Cash | $340.29M |
| Total Debt | $1.32M |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Financial Health Score (BMNR)
Nexqual rates Bitmine Immersion Technologies, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:27 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Strong — Net margin 5384% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Finance Services) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Finance Services) |
| Efficiency | Critical — ROE -151%, ROA -3.2% |
Ownership (BMNR)
| Insider Ownership | +0.66% |
|---|---|
| Institutional Ownership | +41.73% |
| Shares Outstanding | 603.23M |
| Float | 594.47M |
| Short % of Float | +5.76% |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Leadership (BMNR)
Bitmine Immersion Technologies, Inc. is led by Chi Tsang C.F.A., CEO & Director, per Nexqual as of October 23, 2026 at 09:27 UTC.
| CEO & Director | Chi Tsang C.F.A. |
|---|---|
| CFO, COO & Director | Young Kim |
Major Backers & Investors (BMNR)
Notable institutional backers of Bitmine Immersion Technologies, Inc. include Morgan Stanley, Clear Street Group Inc., ARK Invest, according to Nexqual as of October 23, 2026 at 09:27 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Morgan Stanley | 39.67% |
| Clear Street Group Inc. | 30.92% |
| ARK Invest | 21.46% |
| Fidelity | 20.55% |
| FMR, LLC | 18.75% |
| Susquehanna International Group, LLP | 16.11% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Geode Capital | 24.81% |
| State Street | 21.29% |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| FUTU | Futu Holdings Limited | USD 98.92 | ▼ 5.82% |
| XP | XP Inc. | USD 29.35 | ▼ 3.52% |
| IREN | IREN LIMITED | USD 25.51 | ▼ 8.37% |
| JEF | Jefferies Financial Group Inc. | USD 45.64 | ▲ 1.35% |
| SF | Stifel Financial Corporation | USD 67.85 | ▲ 2.17% |
| GLXY | Galaxy Digital Inc. | USD 15.29 | ▼ 9.69% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:27 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt