Stock Analysis
BitMine Immersion Technologies, Inc.BMNR
Sector: Financial Services · Industry: Finance Services
AnalystsStrong Buy8 analystsPrice is 21% of the way from the year's low to its high.
Cash covers 25779% of debt · Q3 2026.
PMP Verdict
Weak fundamentals
Strengths
- Financial Health75
Risks
- Growth0
- Profitability0
Weak fundamentals — valuation is the only support.
Market context
-7.3% today· Z 2.2σ
Bull Case
- ✓Altman Z 266.3 — safe-zone balance sheet
What's happening with BMNR
Profile
Strong financial health; growth, profitability, moat, earnings quality and valuation lag behind.
How is each axis scored?
- Valuation20/100 · Weak
- P/E vs own history (n/a)10/25
- FCF yield (-2.3%)0/25
- P/S (212.6x)0/25
- EV/EBIT (n/a)10/25
- Growth0/100 · Weak
- Revenue CAGR (n/a)0/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (n/a)0/25
- Profitability0/100 · Weak
- ROIC (-2.1%)0/25
- ROE (-75.5%)0/25
- Net margin (-14306.6%)0/25
- Operating margin (-482.1%)0/25
- Financial Health75/100 · Strong
- Altman Z (266.31)25/25
- Current ratio (36.68)25/25
- Interest coverage (-7.0x)0/25
- Net cash / debt (Net cash)25/25
- Quality10/100 · Weak
- Piotroski F (4/9)10/25
- Beneish M (8.00)0/25
- FCF conversion (n/a)0/25
- Margin stability (σ 2193.9%)0/25
- Moat0/100 · Weak
- ROIC >12% years (0/5 yrs)0/25
- Median gross margin (14.0%)0/25
- FCF-positive years (0/5 yrs)0/25
- Worst-year net margin (worst -468.9%)0/25
Risk Flags
- ⚠Beneish M 8.00 — earnings-manipulation flag
- ⚠Negative FCF margin (-2.0%) — burning cash
- ⚠SBC 64.5% of revenue — real dilution cost
- ⚠4 loss-making years in recent history
- ⚠Interest coverage -7.0× — thin debt cushion
About BitMine Immersion Technologies, Inc.
BitMine Immersion Technologies Inc is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by its Bitcoin mining operations or from the proceeds of capital raising transactions. Show more
Company business lines include Bitcoin Mining, Synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine's operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.
Headquarters: NORWALK, CT · Employees: 3 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
20EP/E (TTM)—
Price / TTM EPS (own statements)
P/FCF—
Price / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield-2.3%D
Grade D: NegativeTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -31.8%–16.8% · 43rd pct
P/S (TTM)212.60xD
Grade D: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 1.7x–1830.6x · 70th pct
EV/EBITDA30.9xD
Grade D: ExpensiveEnterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales224.7xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E—
Price / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.12xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio-0.01A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
0EROIC-2.1%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE-75.5%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA-83.8%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin-14306.6%D
Grade D: LowNet Income / Revenue
Operating Margin-482.1%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin83.5%A
Grade A: PremiumGross Profit / Revenue
FCF Margin-200.0%D
Grade D: LowFCF / Revenue
True FCF Margin-545.8%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
0ERevenue CAGR—
Compound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth—
Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue64.5%D
Grade D: HighTTM stock-based comp / TTM Revenue
Financial Health
75B+Altman Z-Score266.31A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio36.68xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio36.28xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage-7.0xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT1.1xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.00xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt257.79xA
Grade A: CoveredCash covers how much of total debt. >1 = could repay all debt from cash
Quality
10EPiotroski F-Score4/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score8.00D
Grade D: RiskyEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability2193.9%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue2.4%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.01xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Edgeworth Jason A Filed | Edgeworth Jason A | Option exercise | -4749 | |
Edgeworth Jason A Filed | Edgeworth Jason A | Option exercise | +4.7K | |
Sechan II Robert J Filed | Sechan II Robert J | Option exercise | -4749 | |
Sechan II Robert J Filed | Sechan II Robert J | Option exercise | +4.7K | |
MALONEY MICHAEL STEPHEN Filed | MALONEY MICHAEL STEPHEN | Option exercise | -3999 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
MALONEY MICHAEL STEPHEN Filed | MALONEY MICHAEL STEPHEN | Option exercise | +4.0K | |
Howe Olivia Filed | Howe Olivia | Option exercise | -4749 | |
Howe Olivia Filed | Howe Olivia | Option exercise | +4.7K |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
0EROIC >12% Years0/5 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)14.0%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years0/5 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-468.9%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)—
TTM net income per share (Finnhub fallback)
Cash / Share$0.59
Cash & short-term investments per share (Finnhub)
Book Value / Share$20.01
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$1.32M
Total debt obligations (short + long term)
Cash & Equiv.$340.29M
Cash and short-term investments
Net Debt$-338.97MA
Grade A: Net CashTotal Debt minus Cash. Negative = Net Cash position
Total Equity$11.60B
Shareholders' equity (book value)
Asset / Liability386.03xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$13.01B
Current Market Capitalization
Beta2.11D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of May 2026 · Ratio snapshot Oct 16, 2026
Key Insights: BitMine Immersion Technologies, Inc. (BMNR)
BMNR is down 7.28% at the last close. Piotroski F-Score of 4/9 indicates mixed fundamentals for BitMine Immersion Technologies, Inc.. Altman Z-Score of 266.31 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of 8.00 is above the −1.78 flag threshold, a signal that reported earnings warrant closer scrutiny. Free-cash-flow margin is negative (-200%) — the business currently burns cash.
- Company is effectively debt-free after netting cash.
- Interest coverage of -7.0× leaves little room for earnings shocks.
- BitMine Immersion Technologies, Inc. posted a net loss in 4 of 5 available completed fiscal years (2021–2025).
- At a valuation score of 20/100, BMNR trades at a premium to its historical multiples.
See how BMNR ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all BMNR moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 21.58 | -7.64% | -2.19 |
| Oct 16 | After-hours | 21.56 | -7.71% | -2.21 |
| Sep 21 | Pre-market | 27.49 | +5.78% | 3.85 |
| Sep 21 | Regular | 28.24 | +8.64% | 5.76 |
| Sep 21 | After-hours | 28.45 | +9.46% | 6.31 |
Frequently Asked Questions about BMNR
What is the current BitMine Immersion Technologies, Inc. (BMNR) stock price?
BMNR is trading at $21.66 at the last market close, down 7.28% on the session. PreMarketPrice tracks BMNR pre-market, intraday and after-hours prices.
Is BMNR stock a buy right now?
PreMarketPrice's quantitative model rates BitMine Immersion Technologies, Inc.'s financial health at 75/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is BMNR stock overvalued?
BitMine Immersion Technologies, Inc. trades at a trailing P/E of n/a and our valuation score rates it 20/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does BitMine Immersion Technologies, Inc. report earnings?
No confirmed earnings date is currently scheduled for BMNR. The Earnings section lists recent reports and updates as dates are announced.
What sector does BitMine Immersion Technologies, Inc. operate in?
BitMine Immersion Technologies, Inc. operates in the Financial Services sector, within the Finance Services industry. The Related Stocks section lists sector peers for comparison.
What does BitMine Immersion Technologies, Inc. do?
BitMine Immersion Technologies Inc is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by its Bitcoin mining operations or from the proceeds of capital raising transactions.
About BitMine Immersion Technologies, Inc. (BMNR) Stock
BitMine Immersion Technologies, Inc. (BMNR) is a US-listed stock operating in the Financial Services sector, specifically the Finance Services industry. As of the latest update, BitMine Immersion Technologies, Inc. is trading at $21.66, down 7.28% on the day with a market capitalization of $13.0 billion. The financial health score for BMNR is 75/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for BMNR stock.
BMNR Stock Analysis & Key Metrics
On PreMarketPrice, you can track BitMine Immersion Technologies, Inc. (BMNR) across multiple dimensions:
- Pre-market price & movement: Real-time BMNR stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for BMNR with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for BitMine Immersion Technologies, Inc. across multiple reporting periods.
- Financial health score: A composite score of 75/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for BMNR.
- Sector peers: Compare BMNR against 6 other financial services stocks on key financial metrics.
Is BMNR a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate BitMine Immersion Technologies, Inc. (BMNR) as an investment. The financial health score of 75/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.BitMine Immersion Technologies, Inc. (BMNR) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.