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Investlytic score: 3/5 criteria met. Data as of 01/11/2026.
- ✅ Price trend passed
- ✅ Growth passed
- ✅ Debt passed
- ❌ P/E failed
- ❌ Correction failed
Price trend
Overall trend (8 years): the price has been multiplied by at least 1.5.
Price change 2018 → 2019: 260.00%
Price change 2019 → 2020: 83.33%
Price change 2020 → 2021: 13.26%
Price change 2021 → 2022: -76.25%
Price change 2022 → 2023: -7.75%
Price change 2023 → 2024: -40.46%
Price change 2024 → 2025: 248.08%
Price change 2025 → 2026: -25.67%
Price change 2026 (year to date): -35.30%
Financial growth
Revenue CAGR (8 years): 19.94%
Earnings CAGR (8 years): 187.17%
Growth status: positive trend (>1%/yr) in revenue and earnings.
Debt
Debt-to-equity ratio: 0.00
Debt/equity < 0.5 (maximum threshold).
P/E (Price/Earnings)
P/E ratio: -8.32
P/E > 25.0 (maximum threshold).
Correction (6 months)
Current correction: 29.83% from the high over 6 months.
Excessive correction (> 20.0%).
Criteria of the Investlytic model
- / 5Free with the Investlytic logo. Paste this line into your page: options.
<script src="https://investlytic.co/encart.js" data-symbole="BMNR" data-lang="en"></script>Price trend
Price & trend
Interactive chart →💰 Dividend
Dividend ranking →⚖️ Comparison with the market
All stocks →| Stock | P/E | Dette/FP | Revenue growth | Rating |
|---|---|---|---|---|
| Bitmine Immersion Technologies, Inc. | – | 0.00 | +19.9 % | 🔒 |
| Sofina S.A. | 7.0 | 0.12 | −0.9 % | – |
| American Financial Group, Inc. | 13.2 | 0.38 | +4.0 % | ★ 4/5 |
| Banque Cantonale Vaudoise | 25.9 | 2.80 | +2.2 % | – |
| Assurant, Inc. | 12.3 | 0.38 | +2.8 % | ★ 4/5 |
Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.
Detailed analysis · Price trend
-
Revenues & profits
Revenue and net income
Financial indicators
Annual financial statements
| Fiscal year | Revenue | Net income | Net margin | EPS | Revenue growth |
|---|
Key reported figures
Revenue, net income and net margin reported by Bitmine Immersion Technologies, Inc. over the latest fiscal years.
| Fiscal year | Revenue | Net income | Net margin | Revenue growth |
|---|---|---|---|---|
| 2012 | 573,450 | 386 | 0.1 % | n/a |
| 2013 | 87,070 | -29,199 | -33.5 % | -84.8 % |
| 2022 | 427,669 | -2.0 m | -468.9 % | +391.2 % |
| 2023 | 645,278 | -2.5 m | -382.0 % | +50.9 % |
| 2024 | 3.3 m | -3.3 m | -99.5 % | +413.0 % |
| 2025 | 6.1 m | 349 m | 5,719.1 % | +84.1 % |
Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.
Accounts and financial health
Balance sheet and cash flow published by Bitmine Immersion Technologies, Inc. over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and investments | 218,737 | 392,550 | 270,547 | 499,000 | 512 m |
| Total Debt | 277,296 | 0 | 1.3 m | 1.6 m | 0 |
| Net Debt | 58,559 | -392,550 | 1.0 m | 1.1 m | -512 m |
| Equity | 360,551 | 7.4 m | 6.3 m | 4.1 m | 8.7 bn |
| Total assets | 646,033 | 8.0 m | 8.2 m | 7.3 m | 8.8 bn |
| Operating cash flow | -76,361 | -1.6 m | -809,715 | -28,753 | -4.1 m |
| Investments (capex) | 427,296 | 2.8 m | 612,288 | 75,934 | 1.1 m |
| Free cash-flow | -503,657 | -4.4 m | -1.4 m | -104,687 | -5.2 m |
| Share buybacks | 0 | 0 | 0 | 0 | 0 |
| Dividends paid | 0 | 0 | 0 | 0 | 0 |
Amounts in USD, currency of the published accounts.
Trailing 12-month ratios
Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.
Valuation and competitors
Bitmine Immersion Technologies, Inc. compared with its sector on the same exchange and with its main competitors.
Direct competitors
| Company | Market cap (USD) | P/E | Net margin |
|---|---|---|---|
| Bitmine Immersion Technologies, Inc. | 11.5 bn | n/a | 5,719.1 % |
| Bitdeer Technologies Group BTDR | 1.5 bn | n/a | 10.6 % |
| Bit Digital, Inc. BTBT | 289 m | n/a | -70.7 % |
| Riot Platforms, Inc. RIOT | 4.8 bn | n/a | -102.4 % |
| Cipher Mining Inc. CIFR | 3.0 bn | n/a | -367.2 % |
| TeraWulf Inc. WULF | 5.9 bn | n/a | -392.6 % |
| American Bitcoin Corp ABTC | 484 m | n/a | -82.7 % |
| Marathon Digital Holdings, Inc. MARA | 2.6 bn | n/a | -144.6 % |
| CleanSpark, Inc. CLSK | 2.0 bn | n/a | 47.6 % |
| Sector median (NYSE American) | 15.3 |
Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on . Competitors: comparable companies named by the data provider.
Analyst consensus and forecasts
What the financial analysts covering Bitmine Immersion Technologies, Inc. publish: ratings, price targets and earnings forecasts.
Breakdown of ratings
Average target over the last 3 months: 63.60 USD (1 targets).
Analyst forecasts
| Fiscal year | Revenue | Net income | Expected EPS (range) | P/E on this EPS | Analysts |
|---|---|---|---|---|---|
| 2026 | 120 m | -5.1 bn | -21.89 (-27.34 / -16.43) | n/a | 1 |
| 2027 | 625 m | 170 m | 0.69 (0.52 / 0.87) | 29.0 | 1 |
| 2028 | 993 m | 361 m | 1.28 (0.96 / 1.60) | 15.8 | 1 |
Amounts in USD, the reporting currency.
Track record against expectations: reported EPS above consensus 1 times over the last 4 releases.
Rating changes (12 months)
| Date | Firm | Before | After |
|---|---|---|---|
| 22/09/2026 | B. Riley Securities | Buy | Buy |
| 10/09/2026 | Cantor Fitzgerald | Overweight | Overweight |
| 03/09/2026 | B. Riley Securities | Buy | Buy |
| 16/07/2026 | B. Riley Securities | Buy | Buy |
| 01/07/2026 | Cantor Fitzgerald | Overweight | Overweight |
Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.
Dividends and earnings
Bitmine Immersion Technologies, Inc.: dividend history, last distributions, stock splits and earnings releases.
Latest ex-dividend dates
| Ex-dividend | Amount | Payment |
|---|---|---|
| 08/12/2025 | 0.0100 USD | 29/12/2025 |
Earnings releases
Next release: 20/11/2026. Expected EPS: 0.01.
| Date | Published EPS | Expected EPS | Surprise |
|---|---|---|---|
| 13/07/2026 | -0.15 | -0.04 | n/a |
| 14/01/2026 | -15.98 | 0.15 | -10,753.3 % |
| 21/11/2025 | 13.62 | -0.10 | n/a |
| 02/07/2025 | -0.31 | -0.31 | n/a |
Stock splits
| Date | Operation |
|---|---|
| 16/05/2025 | reverse split: 1 share for 20 |
| 27/04/2021 | reverse split: 1 share for 200 |
| 24/02/2012 | split: 2 shares for 1 |
| 10/03/2011 | reverse split: 1 share for 8 |
| 19/12/2008 | reverse split: 1 share for 20 |
| 26/06/2008 | reverse split: 1 share for 5 |
Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.
Who owns the stock
Free float, institutional investors, large funds, executives and elected officials: declared positions in Bitmine Immersion Technologies, Inc.
Large funds tracked
| Fund | Shares | Value (USD) | Weight in the fund | Change | Quarter |
|---|---|---|---|---|---|
| BlackRock | 27.3 m | 363 m | 0.0 % | +146.4 % | 2026Q2 |
| State Street | 17.5 m | 233 m | 0.0 % | +660.1 % | 2026Q2 |
| Morgan Stanley | 16.3 m | 217 m | 0.0 % | +18.2 % | 2026Q2 |
| Geode Capital Management | 10.2 m | 166 m | 0.0 % | +76.6 % | 2026Q2 |
| Vanguard Group | 4.7 m | 129 m | 0.0 % | +65.7 % | 2025Q4 |
| ARK Investment Management | 8.8 m | 117 m | 0.8 % | -9.2 % | 2026Q2 |
| Fidelity | 7.7 m | 103 m | 0.0 % | +1,280.8 % | 2026Q2 |
| Citadel Advisors | 6.6 m | 87.9 m | 0.0 % | -46.4 % | 2026Q2 |
Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 08/11/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.
PEA and practical information
Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.
Frequently asked questions about Bitmine Immersion Technologies, Inc.
What is the Bitmine Immersion Technologies, Inc. share price?
Latest recorded price: 18.76 USD on 06/11/2026, for a market cap of 10.7 bn USD.
What is the revenue of Bitmine Immersion Technologies, Inc.?
6.1 m USD for fiscal year 2025, with net income of 349 m USD (net margin 5,719.1 %).
Does Bitmine Immersion Technologies, Inc. pay a dividend?
Yes. Latest dividend: 0.0100 USD per share, ex-dividend on 08/12/2025. Over 12 months: 0.0100 USD. Yield on the latest known price: 0.0 %.
When does Bitmine Immersion Technologies, Inc. report its next earnings?
The next release is expected on 20/11/2026. EPS expected by analysts: 0.01.
What do analysts say about Bitmine Immersion Technologies, Inc.?
Out of 2 analysts: 2 buy or strong buy, 0 hold, 0 sell or strong sell. Average price target: 63.60 USD, i.e. +215.2 % from the share price.
Is Bitmine Immersion Technologies, Inc. stock eligible for the French PEA?
No: the company is headquartered outside the European Union and the European Economic Area (ISIN US09175A2069).
How many employees does Bitmine Immersion Technologies, Inc. have?
7 full-time employees according to the latest published profile.
Who runs Bitmine Immersion Technologies, Inc.?
Jonathan Robert Bates is the company's chief executive.
Which large funds own Bitmine Immersion Technologies, Inc.?
As of 2026Q2, among the large funds tracked: BlackRock, State Street, Morgan Stanley, Geode Capital Management, Vanguard Group.