Company Profile · Financial Services

BitMine Immersion Technologies, Inc.

BMNR · US
Industry
Digital Assets
Exchange
US
Country
USA
IPO date
Jun 5, 2025
Employees
3
Website
bitminetech.io
Current Price
$16.14
Live · Jun 18, 2026
Baillie Growth Score
30/100
Poor
Intrinsic Value · Three-Tier Range Current price $16.14 Live · Below conservative intrinsic value · deep margin of safety

Composite valuation range · conservative $17–$21 / fair $21–$25 / optimistic $26–$33. At $16.14, Below conservative intrinsic value · deep margin of safety.

At publication $19.61 (May 22, 2026)

Research on this stock
Bitmine Immersion Technologies, Inc.
BMNR · US
Watch
Bitmine Immersion Technologies: A Deep Value Study

BMNR is a high-beta ETH treasury stock loaded with fees, dilution, and governance risk rather than a high-quality compounder; adjusted EBITDA is still negative and the share count expanded roughly 125x in under a year. At a current price of $19.61, the stock trades at a modest discount to a reasonable intrinsic value of $21–25, but it is not cheap enough. Rating Watch: an asset-driven ETH proxy trading below company-stated holdings, yet short on business quality, governance discipline, and a real margin of safety.

Digital Assets Baillie 30 May 22, 2026
About the company

Bitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States. The company engages in ETH treasury operations; BTC ecosystem services, including consulting and advisory engagements and equipment leasing; facilitation and optimization of third-party power and hosting arrangements; and disciplined BTC treasury management while winding down proprietary self-mining exposure and deferring new site buildouts. It also offers digital asset ecosystem services, including consulting/advisory, and disciplined digital asset treasury management. In addition, the company sells mining equipment to customers and related parties. The company was formerly known as Sandy Springs Holdings Inc. Bitmine Immersion Technologies, Inc. was incorporated in 2019 and is based in Las Vegas, Nevada.

Financial snapshot
Market cap$10.75B
Revenue (TTM)$16.71M
EBITDA-$298.78M
Profit margin0%
ROE-175.88%
Forward P/E0
EPS-$7.44
Dividend yield0.05%
52-week range$3.92 – $160.95

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

Coming soonThis section is being filled in — check back soon.

Industry position

Coming soonThis section is being filled in — check back soon.