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BitMine Immersion Technologies, Inc. (BMNP) stock analysis

BMNPNYSEFinance ServicesFiscal year ends August 31Also trades as BMNR
Financials through Q3 FY2026, quarter ended May 31, 2026Last filing: 10-Q on Jul 14, 2026Score 10/30
$97.00−0.68 (-0.70%)

Close on Oct 30, 2026Market cap $53.52BP/E 7.2Yield –

StockData Score

Prices as of Oct 30, 2026How the score works

Value0Growth3Performance0Health6Dividend1

Mixed10 of 30 checks passed

BitMine Immersion Technologies passes 10 of the 30 checks behind our score; 16 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
3/6
Past performance
0/6
Financial health
6/6
Dividend
1/6

What stands out

  • No debt

    BitMine Immersion Technologies has no borrowings on its latest balance sheet.

  • Revenue growing 10%+ a year

    Revenue grew 142% a year over the last three fiscal years.

  • Interest well covered

    No meaningful interest expense to cover.

  • Debt covered by cash flow

    There is no debt to cover.

What to watch

  • Return on capital under 10%

    Return on invested capital was -125%, below the 10% that usually covers the cost of capital.

  • P/B above the industry

    BitMine Immersion Technologies's price-to-book of 1.05 is above the Finance services median of 1.04.

  • Yield below Treasuries

    The 0.0% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 4.0% or more; BitMine Immersion Technologies yields 0.0%.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B above the industry

    BitMine Immersion Technologies's price-to-book of 1.05 is above the Finance services median of 1.04.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth3/6

  • Revenue growing 10%+ a year

    Revenue grew 142% a year over the last three fiscal years.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 1022% over the last twelve months; the Finance services median is 15.9%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin improving

    Gross margin was 84.4% over the last twelve months, against 18.8% a year earlier.

Past performance0/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on capital under 10%

    Return on invested capital was -125%, below the 10% that usually covers the cost of capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin against its history

    Needs five years of revenue and net income.

  • Net margin against the industry

    Needs revenue and net income.

Financial health6/6

  • No debt

    BitMine Immersion Technologies has no borrowings on its latest balance sheet.

  • Debt not rising

    With no debt today, leverage cannot have risen.

  • Debt covered by cash flow

    There is no debt to cover.

  • Interest well covered

    No meaningful interest expense to cover.

  • Short-term assets cover short-term debts

    Current assets are 36.68 times current liabilities.

  • Low bankruptcy risk

    The Altman Z-score is 238.90; above 3 is the safe zone and below 1.8 the distress zone.

Dividend1/6

  • Pays a dividend

    BitMine Immersion Technologies paid dividends worth 0.0% of the share price over the last twelve months.

  • Yield below Treasuries

    The 0.0% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 4.0% or more; BitMine Immersion Technologies yields 0.0%.

  • Dividend stability

    Fewer than five years of dividend history.

  • Earnings cover

    Needs dividends paid and net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for BitMine Immersion Technologies. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/B at month end
  • Own 5-year median 0.3
  • Finance services median 1.0

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$793.36M
Value traded per 1% price move
$249.30M

Downside

High risk

Typical loss in a bad month
36.7%
Volatility (annualized)
90%
Sharpe ratio, 1 year
-0.71
Beta to the S&P 500 (5Y)
–

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2020 to 2025

Gross margin

5.1%

Operating margin

7288.1%

Net margin

5719.1%