BMNR
Company Description
Bitmine Immersion Technologies, Inc. is a blockchain technology company primarily operating in the United States. The company's activities include managing an Ethereum (ETH) treasury, and offering a range of services for the Bitcoin (BTC) ecosystem, such as consulting, advisory, and equipment leasing. It also assists in optimizing and securing third-party power and hosting solutions for its clients. A key part of its strategy involves disciplined Bitcoin (BTC) treasury management, alongside systematically reducing its proprietary self-mining operations and postponing the development of new operational sites. Beyond BTC, Bitmine provides broader digital asset ecosystem services, encompassing consulting, advisory, and diligent digital asset treasury management. Furthermore, the company sells mining hardware to its clients and affiliated entities. Established in 2019, Bitmine Immersion Technologies, Inc. is based in Las Vegas, Nevada, and was formerly known as Sandy Springs Holdings Inc.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.09M | 3.31M | 645,278 | 427,669 | 0 | 0 | 87,070 | 573,450 |
| Net Income | 348.58M | (3.29M) | (2.46M) | (2.01M) | (154,239) | (9,348) | (29,199) | 386 |
| EPS | 1.36 | -0.01 | -0.01 | -0.01 | -0.00 | 0.00 | -0.01 | 0.00 |
| Free Cash Flow | (5.21M) | (104,687) | (1.42M) | (4.40M) | (503,657) | 0 | (28,710) | 2,770 |
| FCF / Share | -0.02 | -0.00 | -0.01 | -0.02 | -0.01 | N/A | -0.01 | 0.00 |
| Operating CF | (4.15M) | (28,753) | (809,715) | (1.63M) | (76,361) | 0 | (28,706) | 2,771 |
| Total Assets | 8.80B | 7.28M | 8.20M | 7.97M | 646,033 | 1,930 | 184,751 | 229,281 |
| Total Debt | 0 | 1.62M | 1.30M | 0 | 277,296 | 50,447 | 524,680 | 532,072 |
| Cash & Equiv | 512.00M | 499,000 | 270,547 | 392,550 | 218,737 | 1,930 | 1,375 | 0 |
| Book Value | 8.69B | 4.09M | 6.26M | 7.40M | 360,551 | (50,075) | (339,928) | (304,410) |
| Return on Equity | 0.04 | -0.81 | -0.39 | -0.27 | -0.43 | N/A | N/A | N/A |
| Metric | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 46.53M | 11.04M | 2.29M | 1.32M | 2.05M | 1.52M | 1.20M | 682,435 | 1.22M | 891,613 | 511,308 | 245,346 |
| Net Income | (83.56M) | (3.82B) | (5.20B) | 351.33M | (622,762) | (1.16M) | (974,738) | (813,871) | (654,228) | (902,682) | (929,870) | (1.16M) |
| EPS | -0.15 | -8.40 | -15.98 | 1.62 | -0.00 | -0.01 | -0.02 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Free Cash Flow | 28.98M | (88.24M) | (228.73M) | (6.56M) | 1.68M | (214,210) | (113,934) | 218,264 | (61,292) | (136,641) | (125,018) | 323,136 |
| FCF / Share | 0.05 | -0.19 | -0.70 | -0.03 | 0.01 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Operating CF | 29.01M | (88.24M) | (228.36M) | (5.51M) | 1.68M | (214,210) | (95,934) | 218,264 | (42,713) | (159,014) | (45,290) | 618,167 |
| Total Assets | 11.63B | 9.89B | 11.49B | 8.80B | 8.27M | 7.50M | 7.93M | 7.28M | 8.17M | 7.85M | 8.58M | 8.20M |
| Total Debt | 1.22M | 1.32M | 0 | 0 | 1.88M | 2.56M | 2.94M | 1.62M | 1.62M | 1.72M | 2.02M | 1.30M |
| Cash & Equiv | 340.29M | 879.58M | 887.68M | 512.00M | 1.47M | 482,951 | 797,310 | 499,000 | 281,004 | 342,296 | 470,529 | 270,547 |
| Book Value | 11.60B | 9.86B | 11.25B | 8.69B | 2.88M | 2.85M | 3.81M | 4.09M | 4.61M | 4.98M | 5.61M | 6.26M |
| Return on Equity | -0.01 | -0.39 | -0.46 | 0.04 | -0.22 | -0.41 | -0.26 | -0.20 | -0.14 | -0.18 | -0.17 | -0.19 |
