BMNR
BitMine Immersion Technologies, Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for BitMine Immersion Technologies, Inc..
BitMine Immersion Technologies, Inc. operates as a blockchain and digital-asset company focused on accumulating and managing crypto assets, particularly Ethereum, as a treasury reserve, along with related ecosystem services. Activities have included ETH treasury operations, staking, Bitcoin-ecosystem advisory and equipment-related services, and facilitation of power and hosting arrangements.
Coverage
Revenue growth is distorted by a near-zero prior-year revenue base, so the combined Rule of 40 score is not meaningful.
Quarter contextWhere the revenue goes next
Latest: $47M (2026Q3)
| Period | Value |
|---|---|
| 2025Q1 | $1M |
| 2025Q2 | $2M |
| 2025Q3 | $2M |
| 2025Q4 | $1M |
| 2026Q1 | $2M |
| 2026Q2 | $11M |
| 2026Q3 | $47M |
Latest: -$0.15 (2026Q3)
| Period | Value |
|---|---|
| 2025Q1 | -$1.66 |
| 2025Q2 | -$0.58 |
| 2025Q3 | -$0.31 |
| 2026Q1 | -$15.98 |
| 2026Q2 | -$8.40 |
| 2026Q3 | -$0.15 |
Latest: $29M (2026Q3)
| Period | Value |
|---|---|
| 2025Q1 | -$114,000.00 |
| 2025Q2 | -$215,000.00 |
| 2025Q3 | $2M |
| 2025Q4 | -$7M |
| 2026Q1 | -$229M |
| 2026Q2 | -$88M |
| 2026Q3 | $29M |
Latest: 552M (2026Q3)
| Period | Value |
|---|---|
| 2025Q1 | 2.37B |
| 2025Q2 | 1.98B |
| 2025Q3 | 2.01B |
| 2026Q1 | 326M |
| 2026Q2 | 455M |
| 2026Q3 | 552M |
Latest: -$293M (2026Q3)
| Period | Value |
|---|---|
| 2025Q1 | -$114,000.00 |
| 2025Q2 | -$329,000.00 |
| 2025Q3 | $1M |
| 2025Q4 | -$5M |
| 2026Q1 | -$234M |
| 2026Q2 | -$322M |
| 2026Q3 | -$293M |
Latest earnings
Company History
Sandy Springs Holdings, Inc. files a Form 10 registration statement on 27 October 2020. It has no operations.
A July 2021 reverse merger turns the shell into an immersion-cooled bitcoin mining and hosting business under Jonathan Bates. The stock trades over the counter; annual revenue never exceeds $3.4 million.
A 1-for-20 reverse split takes effect on 15 May. On 4 June the company prices 2,250,000 shares at $8.00 through ThinkEquity and lists on the NYSE American. Tom Lee is elected chairman on 28 June; the ETH Treasury Strategy starts on 30 June; the 8 July private placement raises roughly $213 million of cash plus a crypto-denominated tranche. Jonathan Bates resigns on 12 November and Chi Tsang is appointed CEO the same day.
The common stock moves from the NYSE American to the New York Stock Exchange on 9 April. BitMine is added to the Russell 1000 on 26 June and lists its Series A Preferred on the NYSE as BMNP. By 30 August it holds 5,901,112 ETH - 4.9% of the 120.7 million ETH supply - with 5,067,309 of them staked, and total crypto, cash and moonshot holdings of $15.6 billion.
Key Players
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