Go Pro
→ This tiny piece of glass could be bigger than GPUs (From Brownstone Research) (Ad)tc pixel Free BMNR Stock Alerts

BitMine Immersion Technologies (BMNR) Financials

BitMine Immersion Technologies logo
$17.95 +2.16 (+13.65%)
Closing price 07/27/2026 03:59 PM Eastern
Extended Trading
$17.20 -0.74 (-4.15%)
As of 08:43 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for BitMine Immersion Technologies

Annual Income Statements for BitMine Immersion Technologies

This table shows BitMine Immersion Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 8/31/2023 8/31/2024 8/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -2.46 -3.29 328
Consolidated Net Income / (Loss)		 -2.46 -3.29 349
Net Income / (Loss) Continuing Operations		 -2.46 -3.29 349
Total Pre-Tax Income 		-2.46 -3.29 441
Total Operating Income		 -2.41 -2.45 444
Total Gross Profit		 0.22 -0.16 0.31
Total Revenue		 0.65 3.31 6.10
Operating Revenue		 0.65 3.31 6.10
Total Cost of Revenue		 0.42 3.47 5.79
Operating Cost of Revenue		 0.42 3.47 5.79
Total Operating Expenses		 2.64 2.29 -444
Selling, General & Admin Expense		 0.50 2.28 14
Other Operating Expenses / (Income)		 1.32 -0.11 -460
Impairment Charge		 0.13 0.12 1.91
Total Other Income / (Expense), net		 -0.05 -0.85 -3.34
Interest Expense		 0.10 0.59 0.53
Interest & Investment Income		 0.03 -0.26 -1.28
Other Income / (Expense), net		 0.02 0.00 -1.53
Income Tax Expense		 - 0.00 92
Preferred Stock Dividends Declared		 - 0.00 20
Basic Earnings per Share		 ($0.05) ($1.32) $13.60
Weighted Average Basic Shares Outstanding		 49.06M 2.49M 24.14M
Diluted Earnings per Share		 ($0.05) ($1.32) $13.39
Weighted Average Diluted Shares Outstanding		 49.06M 2.49M 24.52M
Weighted Average Basic & Diluted Shares Outstanding		 - - 384.07M

Quarterly Income Statements for BitMine Immersion Technologies

This table shows BitMine Immersion Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.93 -0.90 -0.65 -0.81 -3.94 -1.16 -0.62 334 -5,204 -3,818 -84
Consolidated Net Income / (Loss)		 -0.93 -0.90 -0.65 -0.81 -0.97 -1.16 -1.25 351 -5,204 -3,818 -84
Net Income / (Loss) Continuing Operations		 -0.93 -0.90 -0.65 -0.81 -0.97 -1.16 -1.25 351 -5,204 -3,818 -84
Total Pre-Tax Income 		-0.93 -0.90 -0.65 -0.81 -0.97 -1.16 -0.62 444 -5,296 -3,818 -84
Total Operating Income		 -0.61 -0.65 -0.53 -0.65 -0.88 -0.91 -0.47 446 -5,470 -3,841 -12
Total Gross Profit		 0.10 0.32 0.22 -0.81 -0.01 0.08 0.31 -0.61 -1.02 -1.43 47
Total Revenue		 0.51 0.89 1.22 0.68 1.20 1.52 2.05 1.32 0.00 0.00 47
Operating Revenue		 0.51 0.89 1.22 0.68 1.20 1.52 2.05 1.32 0.00 0.00 47
Total Cost of Revenue		 0.41 0.57 1.00 1.49 1.21 1.44 1.74 1.93 1.02 1.43 0.00
Total Operating Expenses		 0.72 0.97 0.76 -0.16 0.87 0.99 0.78 -447 5,472 3,850 53
Selling, General & Admin Expense		 0.14 0.30 0.16 1.67 0.96 0.96 0.74 13 223 75 37
Other Operating Expenses / (Income)		 0.35 0.44 0.37 -1.27 -0.09 0.03 0.03 -462 5,248 3,775 15
Total Other Income / (Expense), net		 -0.32 -0.25 -0.12 -0.15 -0.09 -0.24 -0.16 -2.85 174 22 -77
Interest & Investment Income		 -0.03 -0.05 -0.04 -0.13 0.00 0.00 -0.07 -1.28 16 2.58 -1.18
Other Income / (Expense), net		 -0.15 0.04 0.11 - 0.00 -0.06 -0.08 -1.40 158 15 -76
Income Tax Expense		 - - - - 0.00 0.00 0.00 - -92 0.00 0.00
Preferred Stock Dividends Declared		 0.00 0.00 0.00 - 2.96 0.00 0.00 17 0.00 0.00 0.00
Basic Earnings per Share		 ($0.02) ($0.02) ($0.26) ($0.32) ($1.66) ($0.58) ($0.31) $13.83 ($15.98) ($8.40) ($0.15)
Weighted Average Basic Shares Outstanding		 49.75M 49.75M 2.49M 2.49M 2.37M 1.98M 2.01M 24.14M 325.67M 454.62M 551.79M
Diluted Earnings per Share		 ($0.02) ($0.02) ($0.26) ($0.32) ($1.66) ($0.58) ($0.31) $13.83 ($15.98) ($8.40) ($0.15)
Weighted Average Diluted Shares Outstanding		 49.75M 49.75M 2.49M 2.49M 2.37M 1.98M 2.01M 24.52M 325.67M 454.62M 551.79M
Weighted Average Basic & Diluted Shares Outstanding		 49.75M 49.82M 49.91M 0.00 39.67M 39.67M 4.30M 384.07M 454.86M 537.63M 603.23M

Annual Cash Flow Statements for BitMine Immersion Technologies

This table details how cash moves in and out of BitMine Immersion Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 8/31/2023 8/31/2024 8/31/2025
Net Change in Cash & Equivalents		 -0.12 0.23 512
Net Cash From Operating Activities		 -0.81 -0.03 -4.15
Net Cash From Continuing Operating Activities		 -0.81 -0.03 -4.15
Net Income / (Loss) Continuing Operations		 -2.46 -3.29 349
Consolidated Net Income / (Loss)		 -2.46 -3.29 349
Depreciation Expense		 0.47 0.92 0.76
Amortization Expense		 - 0.00 0.01
Non-Cash Adjustments To Reconcile Net Income		 1.21 2.03 -455
Changes in Operating Assets and Liabilities, net		 -0.02 0.31 101
Net Cash From Investing Activities		 -0.61 -0.07 -7,432
Net Cash From Continuing Investing Activities		 -0.61 -0.07 -7,432
Purchase of Property, Plant & Equipment		 -0.61 -0.08 -1.07
Divestitures		 0.00 0.01 0.00
Other Investing Activities, net		 - 0.00 -7,431
Net Cash From Financing Activities		 1.30 0.33 7,948
Net Cash From Continuing Financing Activities		 1.30 0.33 7,948
Repayment of Debt		 - 0.00 7,716
Repurchase of Preferred Equity		 - 0.00 0.20
Issuance of Debt		 1.30 0.33 1.29
Issuance of Preferred Equity		 - 0.00 0.03
Issuance of Common Equity		 - 0.00 230

Quarterly Cash Flow Statements for BitMine Immersion Technologies

This table details how cash moves in and out of BitMine Immersion Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026
Net Change in Cash & Equivalents		 0.20 -0.13 -0.06 0.22 0.30 -0.31 0.99 511 376 -8.10 12,047
Net Cash From Operating Activities		 -0.05 -0.16 -0.04 0.22 -0.10 -0.22 1.68 -5.51 -228 -88 29
Net Cash From Continuing Operating Activities		 -0.05 -0.16 -0.04 0.22 -0.10 -0.22 1.68 -5.51 -228 -88 414
Net Income / (Loss) Continuing Operations		 -0.93 -0.90 -0.65 -0.81 -0.97 -1.16 -0.62 351 -5,204 -3,818 9,023
Depreciation Expense		 0.22 0.24 0.23 0.24 0.13 0.23 0.18 0.22 0.12 0.12 0.38
Amortization Expense		 0.00 - - - 0.01 -0.02 - 0.02 0.00 - 9.38
Non-Cash Adjustments To Reconcile Net Income		 0.63 0.24 0.07 1.09 0.42 -0.04 0.53 -456 5,232 3,563 -8,708
Changes in Operating Assets and Liabilities, net		 0.03 0.27 0.31 -0.30 0.32 0.77 1.59 99 -257 167 90
Net Cash From Investing Activities		 -0.08 0.03 -0.02 0.00 -0.02 - - -7,432 -7,422 -2,320 -2,360
Net Cash From Continuing Investing Activities		 -0.08 0.03 -0.02 -0.00 -0.02 - - -7,432 -7,422 -2,320 9,842
Purchase of Property, Plant & Equipment		 -0.08 0.02 -0.02 -0.00 -0.02 - - -1.05 -0.38 - -0.03
Sale of Property, Plant & Equipment		 - - - - 0.00 - - - 0.51 0.10 0.20
Other Investing Activities, net		 - - - - 0.00 - - - -7,403 -2,134 9,537
Net Cash From Financing Activities		 0.33 - - - 0.41 -0.10 -0.69 7,948 8,026 2,400 1,791
Net Cash From Continuing Financing Activities		 0.33 - - - 0.41 -0.10 -0.69 7,948 8,026 2,400 1,791
Repayment of Debt		 0.00 - - - -0.06 -0.10 -0.69 7,717 7,664 2,405 -10,069
Issuance of Debt		 0.33 - - - 0.25 - - 1.04 362 - -362
Issuance of Common Equity		 - - - - 0.00 - - - 0.34 0.21 12,235

Annual Balance Sheets for BitMine Immersion Technologies

This table presents BitMine Immersion Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 8/31/2023 8/31/2024 8/31/2025
Total Assets		 8.20 7.28 8,795
Total Current Assets		 0.88 1.55 513
Cash & Equivalents		 0.27 0.50 512
Short-Term Investments		 - - 0.00
Prepaid Expenses		 0.11 0.67 1.01
Plant, Property, & Equipment, net		 0.00 4.77 0.00
Total Noncurrent Assets		 7.32 0.96 8,282
Goodwill		 - - 0.00
Intangible Assets		 - - 0.00
Other Noncurrent Operating Assets		 4.95 0.96 0.52
Other Noncurrent Nonoperating Assets		 - - 8,282
Total Liabilities & Shareholders' Equity		 8.20 7.28 8,795
Total Liabilities		 1.95 3.20 102
Total Current Liabilities		 1.56 3.13 9.96
Accounts Payable		 0.07 - 8.89
Current Deferred Revenue		 0.09 - 1.07
Other Current Liabilities		 1.30 0.79 0.00
Total Noncurrent Liabilities		 0.39 0.07 92
Noncurrent Deferred & Payable Income Tax Liabilities		 - 0.00 92
Other Noncurrent Operating Liabilities		 - 0.07 0.00
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 6.26 4.09 8,693
Total Preferred & Common Equity		 6.26 4.09 8,693
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 6.26 4.09 8,693
Common Stock		 11 12 8,355
Retained Earnings		 -4.93 -8.22 337
Accumulated Other Comprehensive Income / (Loss)		 - - 0.00
Noncontrolling Interest		 - - 0.00

Quarterly Balance Sheets for BitMine Immersion Technologies

This table presents BitMine Immersion Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/30/2023 2/29/2024 5/31/2024 11/30/2024 2/28/2025 5/31/2025 11/30/2025 2/28/2026 5/31/2026
Total Assets		 8.58 7.85 8.17 7.93 7.50 8.27 11,487 9,894 11,630
Total Current Assets		 1.96 1.66 2.34 1.36 1.15 2.18 889 886 445
Cash & Equivalents		 0.47 0.34 0.28 0.80 0.48 1.47 888 880 340
Prepaid Expenses		 0.23 0.20 0.78 0.03 0.17 0.16 1.12 5.55 4.85
Other Current Assets		 0.15 0.01 0.17 0.15 0.25 0.17 - - 100
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.57 0.34 0.00
Total Noncurrent Assets		 6.62 6.19 5.83 6.58 6.35 6.09 10,598 9,008 11,185
Long-Term Investments		 0.94 0.87 0.81 0.67 0.67 0.67 - - 192
Goodwill		 - - - - - - - - 15
Intangible Assets		 - - - - - - - - 11
Other Noncurrent Operating Assets		 5.11 4.86 4.65 5.69 5.47 5.20 10,598 9,008 10,967
Total Liabilities & Shareholders' Equity		 8.58 7.85 8.17 7.93 7.50 8.27 11,487 9,894 11,630
Total Liabilities		 2.97 2.87 3.55 4.13 4.65 5.39 236 36 30
Total Current Liabilities		 2.61 2.52 3.23 4.08 4.60 5.34 137 16 12
Accounts Payable		 0.20 0.40 0.56 0.30 0.76 0.47 11 14 10
Other Current Liabilities		 2.17 1.83 1.63 1.88 1.88 - 126 2.46 1.91
Total Noncurrent Liabilities		 0.37 0.34 0.32 0.05 0.05 0.05 99 20 18
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - 0.00 0.00 0.00
Other Noncurrent Operating Liabilities		 - - - - - - 99 20 18
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 5.61 4.98 4.61 3.81 2.85 2.88 11,252 9,858 11,600
Total Preferred & Common Equity		 5.61 4.98 4.61 3.81 2.85 2.88 11,252 9,858 11,600
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 - - 0.00
Total Common Equity		 5.61 4.98 4.61 3.81 2.85 2.88 11,252 9,858 11,600
Common Stock		 11 12 12 16 16 17 16,118 18,547 20,372
Retained Earnings		 -5.86 -6.76 -7.41 -12 -13 -14 -4,867 -8,689 -8,773
Accumulated Other Comprehensive Income / (Loss)		 - - - - - - - - 0.53
Noncontrolling Interest		 - - - - - - - - 0.55

Annual Metrics And Ratios for BitMine Immersion Technologies

This table displays calculated financial ratios and metrics derived from BitMine Immersion Technologies' official financial filings.

Metric 2023 2024 2025
Period end date 8/31/2023 8/31/2024 8/31/2025
DEI Shares Outstanding		 0.00 49,912,607.00 4,303,366.00
DEI Adjusted Shares Outstanding		 0.00 49,912,607.00 4,303,366.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -0.07 76.26
Growth Metrics		 - - -
Revenue Growth		 0.00% 412.96% 84.14%
EBITDA Growth		 0.00% 20.85% 29,197.90%
EBIT Growth		 0.00% -2.16% 18,183.46%
NOPAT Growth		 0.00% -1.45% 20,595.86%
Net Income Growth		 0.00% -33.60% 10,685.39%
EPS Growth		 0.00% -33.60% 1,114.39%
Operating Cash Flow Growth		 0.00% 96.30% -13,730.00%
Free Cash Flow Firm Growth		 0.00% 0.00% 25,098.54%
Invested Capital Growth		 0.00% 2.26% -2,032.69%
Revenue Q/Q Growth		 0.00% 15.20% 11.78%
EBITDA Q/Q Growth		 0.00% 25.91% 19,991.79%
EBIT Q/Q Growth		 0.00% 16.10% 14,820.00%
NOPAT Q/Q Growth		 0.00% 16.10% 17,295.07%
Net Income Q/Q Growth		 0.00% 9.78% 9,891.18%
EPS Q/Q Growth		 0.00% 9.78% 512.00%
Operating Cash Flow Q/Q Growth		 0.00% 95.11% -361.91%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 32,997.33%
Invested Capital Q/Q Growth		 0.00% 37.85% -3,320.17%
Profitability Metrics		 - - -
Gross Margin		 34.48% -4.92% 5.09%
EBITDA Margin		 -298.39% -46.04% 7,275.67%
Operating Margin		 -373.96% -73.96% 7,288.12%
EBIT Margin		 -371.34% -73.96% 7,263.05%
Profit (Net Income) Margin		 -381.99% -99.49% 5,719.06%
Tax Burden Percent		 100.00% 100.00% 79.07%
Interest Burden Percent		 102.87% 134.52% 99.59%
Effective Tax Rate		 0.00% 0.00% 20.93%
Return on Invested Capital (ROIC)		 -33.14% -33.25% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 33.70% 9,118.45% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -6.25% -30.43% 0.00%
Return on Equity (ROE)		 -39.39% -63.67% 8.02%
Cash Return on Invested Capital (CROIC)		 0.00% -35.48% 0.00%
Operating Return on Assets (OROA)		 -58.42% -31.62% 10.06%
Return on Assets (ROA)		 -60.10% -42.53% 7.92%
Return on Common Equity (ROCE)		 -39.39% -63.67% 8.02%
Return on Equity Simple (ROE_SIMPLE)		 -39.39% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.69 -1.71 351
NOPAT Margin		 -261.77% -51.77% 5,762.38%
Net Nonoperating Expense Percent (NNEP)		 -66.84% -9,151.70% -0.06%
Return On Investment Capital (ROIC_SIMPLE)		 -26.99% -30.01% 4.04%
Cost of Revenue to Revenue		 65.52% 104.92% 94.91%
SG&A Expenses to Revenue		 77.69% 68.85% 229.43%
R&D to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 408.44% 69.03% -7,283.04%
Earnings before Interest and Taxes (EBIT)		 -2.40 -2.45 443
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.93 -1.52 443
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 5.49 7.06 0.12
Price to Tangible Book Value (P/TBV)		 5.49 7.06 0.12
Price to Revenue (P/Rev)		 53.22 8.71 175.45
Price to Earnings (P/E)		 0.00 0.00 3.26
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 30.69%
Enterprise Value to Invested Capital (EV/IC)		 6.49 5.75 0.00
Enterprise Value to Revenue (EV/Rev)		 51.27 9.05 91.44
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 1.26
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 1.26
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 1.59
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 1.22
Leverage & Solvency		 - - -
Debt to Equity		 0.00 0.40 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00
Financial Leverage		 -0.19 0.00 -1.01
Leverage Ratio		 1.31 1.50 1.01
Compound Leverage Factor		 1.35 2.01 1.01
Debt to Total Capital		 0.00% 28.45% 0.00%
Short-Term Debt to Total Capital		 0.00% 28.45% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 71.55% 100.00%
Debt to EBITDA		 0.00 -1.07 0.00
Net Debt to EBITDA		 0.00 -0.74 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00
Debt to NOPAT		 0.00 -0.95 0.00
Net Debt to NOPAT		 0.00 -0.66 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00
Altman Z-Score		 8.76 2.92 6.56
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Current Ratio		 0.56 0.49 51.50
Quick Ratio		 0.41 0.28 51.45
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1.83 457
Operating Cash Flow to CapEx		 -132.24% -39.47% -389.58%
Free Cash Flow to Firm to Interest Expense		 0.00 -3.10 856.11
Operating Cash Flow to Interest Expense		 -8.31 -0.05 -7.77
Operating Cash Flow Less CapEx to Interest Expense		 -14.59 -0.18 -9.76
Efficiency Ratios		 - - -
Asset Turnover		 0.16 0.43 0.00
Accounts Receivable Turnover		 0.00 0.00 13.79
Inventory Turnover		 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 2.31
Accounts Payable Turnover		 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 26.47
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 26.47
Capital & Investment Metrics		 - - -
Invested Capital		 5.10 5.21 -101
Invested Capital Turnover		 0.13 0.64 -0.13
Increase / (Decrease) in Invested Capital		 0.00 0.12 -106
Enterprise Value (EV)		 33 30 557
Market Capitalization		 34 29 1,069
Book Value per Share		 $0.13 $0.08 $360.13
Tangible Book Value per Share		 $0.13 $0.08 $360.13
Total Capital		 6.26 5.71 8,693
Total Debt		 0.00 1.63 0.00
Total Long-Term Debt		 0.00 0.00 0.00
Net Debt		 -1.26 1.13 -512
Capital Expenditures (CapEx)		 0.61 0.08 1.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.95 -0.46 -8.95
Debt-free Net Working Capital (DFNWC)		 -0.68 0.04 503
Net Working Capital (NWC)		 -0.68 -1.59 503
Net Nonoperating Expense (NNE)		 0.78 1.58 2.64
Net Nonoperating Obligations (NNO)		 -1.16 1.13 -8,794
Total Depreciation and Amortization (D&A)		 0.47 0.92 0.77
Debt-free, Cash-free Net Working Capital to Revenue		 -147.17% -13.87% -146.89%
Debt-free Net Working Capital to Revenue		 -105.24% 1.21% 8,253.42%
Net Working Capital to Revenue		 -105.24% -47.89% 8,253.42%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $13.60
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 24.14M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $13.39
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 24.52M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 384.07M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.60 -1.63 353
Normalized NOPAT Margin		 -248.05% -49.23% 5,787.18%
Pre Tax Income Margin		 -381.99% -99.49% 7,233.34%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 -24.59 -4.16 828.99
NOPAT to Interest Expense		 -17.33 -2.91 657.71
EBIT Less CapEx to Interest Expense		 -30.87 -4.29 827.00
NOPAT Less CapEx to Interest Expense		 -23.61 -3.04 655.72
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for BitMine Immersion Technologies

This table displays calculated financial ratios and metrics derived from BitMine Immersion Technologies' official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026
DEI Shares Outstanding		 0.00 49,748,705.00 49,821,698.00 49,912,607.00 49,912,607.00 39,667,607.00 39,667,607.00 4,303,366.00 384,067,823.00 454,862,451.00 537,628,819.00
DEI Adjusted Shares Outstanding		 0.00 49,748,705.00 49,821,698.00 49,912,607.00 49,912,607.00 39,667,607.00 39,667,607.00 4,303,366.00 384,067,823.00 454,862,451.00 537,628,819.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -0.02 -0.01 -0.02 -0.08 -0.03 -0.02 77.58 -13.55 -8.39 -0.16
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 402.68% 471.22% 761.90% 178.01% 134.89% 70.14% 67.50% 94.24% -100.00% -100.00% 2,167.79%
EBITDA Growth		 -30.31% -87.11% 46.75% 56.31% -37.46% -102.35% -48.79% 107,817.35% -712,914.23% -503,280.13% -21,434.25%
EBIT Growth		 -60.96% -111.44% 17.63% 41.85% -15.63% -58.93% -11.50% 68,274.65% -600,814.03% -393,907.52% -15,819.78%
NOPAT Growth		 -24.39% -124.52% -4.91% 41.85% -44.47% -40.73% 12.46% 97,799.40% -618,711.31% -420,555.20% -2,435.26%
Net Income Growth		 -97.57% -193.64% -24.92% 30.68% -4.75% -28.06% 4.81% 43,677.61% -534,201.33% -330,212.54% -6,609.07%
EPS Growth		 0.00% -100.00% -24.92% 0.00% -4.75% -28.06% -19.23% 4,421.88% -862.65% -1,348.28% 51.61%
Operating Cash Flow Growth		 92.60% -199.54% -567.58% 159.18% -111.97% -35.21% 4,023.89% -2,641.21% -237,770.83% -40,943.26% 1,629.70%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 98.62% 111.33% 107.83% 96,653.21% -21,596,966.67% -2,326,542.73% -3,404,269.37%
Invested Capital Growth		 0.00% 0.00% 0.00% 2.26% -12.75% -28.71% -17.27% -2,032.69% 273,670.52% 316,882.75% 353,721.07%
Revenue Q/Q Growth		 108.40% 74.38% 37.39% -44.32% 76.08% 26.31% 35.22% -35.43% -100.00% 0.00% 0.00%
EBITDA Q/Q Growth		 42.73% 30.70% 48.60% -114.16% -80.21% -2.01% 65.24% 155,143.43% -1,292.86% 27.98% 97.96%
EBIT Q/Q Growth		 31.91% 20.08% 31.30% -55.55% -35.41% -9.84% 54.94% 95,210.91% -1,293.53% 27.98% 97.71%
NOPAT Q/Q Growth		 45.50% -6.02% 17.60% -22.13% -35.41% -3.28% 48.78% 136,401.10% -957.65% 29.79% 99.69%
Net Income Q/Q Growth		 20.05% 2.92% 27.52% -23.23% -20.81% -18.69% 46.17% 56,515.03% -1,581.25% 26.63% 97.81%
EPS Q/Q Growth		 0.00% 0.00% 27.52% -23.23% -20.81% -18.69% -933.33% 4,561.29% -215.55% 47.43% 98.21%
Operating Cash Flow Q/Q Growth		 87.65% -251.10% 73.14% 608.08% -144.24% -123.96% 882.42% -429.05% -4,040.73% 61.36% 132.87%
Free Cash Flow Firm Q/Q Growth		 0.00% 7.13% 6.14% 86.23% 88.52% 863.12% -35.06% 169,709.10% -2,668.56% 17.80% 5.07%
Invested Capital Q/Q Growth		 -14.87% -8.43% -4.83% 37.85% -27.37% -25.18% 10.44% -3,320.17% 10,388.54% -13.37% 23.27%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 20.36% 36.30% 18.10% -119.10% -0.83% 5.08% 23.92% -45.72% 0.00% 0.00% 100.00%
EBITDA Margin		 -106.00% -42.13% -15.76% -60.61% -62.03% -50.10% -14.00% 33,611.12% 0.00% 0.00% -167.52%
Operating Margin		 -119.67% -72.76% -43.64% -95.71% -73.61% -60.18% -22.81% 33,699.09% 0.00% 0.00% -25.50%
EBIT Margin		 -149.52% -68.52% -34.26% -95.71% -73.61% -64.01% -22.81% 33,593.18% 0.00% 0.00% -188.50%
Profit (Net Income) Margin		 -181.86% -101.24% -53.41% -118.20% -81.10% -76.20% -30.35% 26,517.74% 0.00% 0.00% -179.64%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 79.20% 98.26% 100.00% 100.00%
Interest Burden Percent		 121.63% 147.75% 155.88% 123.49% 110.18% 119.05% 133.08% 99.67% 99.70% 99.81% 95.30%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -40.73% -45.90% -46.42% -43.02% -50.73% -57.26% -25.20% 0.00% 0.00% 0.00% -0.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 38.36% 43.02% 20.89% 1,980.56% 4.25% 43.16% 76.26% 0.00% 0.00% 0.00% 28.16%
Return on Net Nonoperating Assets (RNNOA)		 -8.68% -8.71% -3.77% -6.61% -0.58% -5.67% -5.92% 0.00% 0.00% 0.00% -1.29%
Return on Equity (ROE)		 -49.41% -54.62% -50.19% -49.63% -51.31% -62.93% -31.12% 8.02% 0.00% 0.00% -1.45%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% -35.48% -33.26% -27.88% -40.23% 0.00% -267.71% -338.06% -312.13%
Operating Return on Assets (OROA)		 -18.38% -15.63% -12.05% -40.92% -35.65% -38.57% -15.14% 46.52% 0.00% 0.00% -1.55%
Return on Assets (ROA)		 -22.36% -23.09% -18.79% -50.53% -39.28% -45.92% -20.14% 36.72% 0.00% 0.00% -1.48%
Return on Common Equity (ROCE)		 -49.41% -54.62% -50.19% -49.63% -51.31% -62.93% -31.12% 8.02% 0.00% 0.00% -1.44%
Return on Equity Simple (ROE_SIMPLE)		 -52.15% -70.64% -79.12% 0.00% 0.00% 0.00% -123.70% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.43 -0.45 -0.37 -0.46 -0.62 -0.64 -0.33 446 -3,829 -2,688 -8.31
NOPAT Margin		 -83.77% -50.93% -30.55% -67.00% -51.52% -42.13% -15.96% 33,699.09% 0.00% 0.00% -17.85%
Net Nonoperating Expense Percent (NNEP)		 -79.09% -88.93% -67.31% -2,023.58% -54.98% -100.42% -101.46% -2.16% -309.76% -256.94% -28.32%
Return On Investment Capital (ROIC_SIMPLE)		 -7.64% -9.12% -8.11% -8.00% -12.70% -18.06% -6.89% 5.14% -34.03% -27.27% -0.07%
Cost of Revenue to Revenue		 79.64% 63.70% 81.90% 219.10% 100.83% 94.92% 76.08% 145.72% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 28.21% 33.35% 13.42% 245.27% 79.85% 63.55% 12.22% 998.55% 0.00% 0.00% 80.09%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 140.03% 109.06% 61.73% -23.39% 72.77% 65.26% 46.73% -33,744.82% 0.00% 0.00% 113.19%
Earnings before Interest and Taxes (EBIT)		 -0.76 -0.61 -0.42 -0.65 -0.88 -0.97 -0.47 445 -5,312 -3,826 -88
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.54 -0.38 -0.19 -0.41 -0.75 -0.76 -0.29 445 -5,312 -3,826 -78
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.34 6.84 5.94 7.06 4.60 3.91 10.46 0.12 0.96 0.88 0.92
Price to Tangible Book Value (P/TBV)		 5.34 6.84 5.94 7.06 4.60 3.91 10.46 0.12 0.96 0.88 0.92
Price to Revenue (P/Rev)		 28.39 19.03 9.54 8.71 4.39 2.41 5.52 175.45 2,203.29 2,555.14 222.17
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.26 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.05%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 30.69% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 6.58 8.27 6.96 5.75 4.53 3.78 9.54 0.00 0.95 0.86 0.91
Enterprise Value to Revenue (EV/Rev)		 27.05 18.36 9.16 9.05 4.29 2.31 5.47 91.44 2,021.91 2,294.68 211.06
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.26 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.26 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.59 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 18.83 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.22 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.40 0.28 0.24 0.65 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.23 -0.20 -0.18 0.00 -0.14 -0.13 -0.08 -1.01 -0.08 -0.09 -0.05
Leverage Ratio		 1.53 1.58 1.77 1.50 1.75 1.96 2.19 1.01 1.02 1.00 1.00
Compound Leverage Factor		 1.86 2.33 2.76 1.85 1.93 2.33 2.92 1.01 1.02 1.00 0.96
Debt to Total Capital		 0.00% 0.00% 0.00% 28.45% 21.85% 19.37% 39.45% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 28.45% 21.85% 19.37% 39.45% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 71.55% 78.15% 80.63% 60.55% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 -1.07 -0.62 -0.32 -0.84 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 -0.74 0.23 0.22 0.12 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 -0.95 -0.56 -0.33 -0.92 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 -0.66 0.21 0.22 0.13 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 4.83 5.76 3.41 3.73 0.13 -1.41 1.00 6.56 25.40 140.74 210.72
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.75 0.66 0.72 0.49 0.33 0.25 0.41 51.50 6.48 54.19 36.68
Quick Ratio		 0.60 0.57 0.43 0.28 0.29 0.16 0.35 51.45 6.48 53.85 28.04
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4.77 -4.43 -4.16 -0.57 -0.07 0.50 0.33 552 -14,189 -11,664 -11,073
Operating Cash Flow to CapEx		 -56.81% 0.00% -229.90% 328,813.64% -533.33% 0.00% 0.00% -526.73% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -34.81 -18.61 -21.81 -24.23 -0.72 2.71 2.10 3,263.01 -70,946.36 0.00 0.00
Operating Cash Flow to Interest Expense		 -0.33 -0.67 -0.22 9.19 -1.05 -1.16 10.83 -32.57 -1,141.78 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -0.91 -0.57 -0.32 9.19 -1.25 -1.16 10.83 -38.76 -1,141.11 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.12 0.23 0.35 0.43 0.48 0.60 0.66 0.00 0.00 0.00 0.01
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.79 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.31 0.00 0.00 0.00
Accounts Payable Turnover		 3.51 2.93 3.78 0.00 17.02 8.84 8.60 0.00 0.96 0.76 0.72
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26.47 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 103.88 124.45 96.50 0.00 21.45 41.27 42.46 0.00 379.41 478.79 508.28
Cash Conversion Cycle (CCC)		 -103.88 -124.45 -96.50 0.00 -21.45 -41.27 -42.46 26.47 -379.41 -478.79 -508.28
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4.34 3.97 3.78 5.21 3.79 2.83 3.13 -101 10,364 8,979 11,068
Invested Capital Turnover		 0.49 0.90 1.52 0.64 0.98 1.36 1.58 -0.13 0.00 0.00 0.01
Increase / (Decrease) in Invested Capital		 4.34 3.97 3.78 0.12 -0.55 -1.14 -0.65 -106 10,360 8,976 11,065
Enterprise Value (EV)		 29 33 26 30 17 11 30 557 9,895 7,749 10,101
Market Capitalization		 30 34 27 29 18 11 30 1,069 10,783 8,629 10,633
Book Value per Share		 $0.11 $0.10 $0.09 $0.08 $0.08 $0.07 $0.07 $360.13 $29.30 $21.67 $21.58
Tangible Book Value per Share		 $0.11 $0.10 $0.09 $0.08 $0.08 $0.07 $0.07 $360.13 $29.30 $21.67 $21.53
Total Capital		 5.61 4.98 4.61 5.71 4.87 3.54 4.75 8,693 11,252 9,858 11,600
Total Debt		 0.00 0.00 0.00 1.63 1.06 0.69 1.88 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -1.41 -1.21 -1.09 1.13 -0.40 -0.47 -0.27 -512 -888 -880 -532
Capital Expenditures (CapEx)		 0.08 -0.02 0.02 0.00 0.02 0.00 0.00 1.05 -0.13 -0.10 -0.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.12 -1.21 -1.18 -0.46 -2.45 -3.25 -2.76 -8.95 -136 -10 93
Debt-free Net Working Capital (DFNWC)		 -0.65 -0.87 -0.90 0.04 -1.66 -2.76 -1.29 503 752 870 433
Net Working Capital (NWC)		 -0.65 -0.87 -0.90 -1.59 -2.72 -3.45 -3.16 503 752 870 433
Net Nonoperating Expense (NNE)		 0.50 0.45 0.28 0.35 0.36 0.52 0.30 95 1,375 1,130 75
Net Nonoperating Obligations (NNO)		 -1.27 -1.01 -0.83 1.13 -0.02 -0.02 0.25 -8,794 -888 -880 -532
Total Depreciation and Amortization (D&A)		 0.22 0.24 0.23 0.24 0.14 0.21 0.18 0.24 0.12 0.12 9.76
Debt-free, Cash-free Net Working Capital to Revenue		 -106.02% -67.50% -40.96% -13.87% -61.32% -70.19% -50.60% -146.89% -2,774.38% -297.60% 193.97%
Debt-free Net Working Capital to Revenue		 -61.41% -48.38% -31.18% 1.21% -41.38% -59.74% -23.58% 8,253.42% 15,363.71% 25,748.50% 904.98%
Net Working Capital to Revenue		 -61.41% -48.38% -31.18% -47.89% -68.01% -74.57% -57.97% 8,253.42% 15,363.71% 25,748.50% 904.98%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.02) ($0.01) ($0.32) ($0.08) ($0.03) ($0.31) $13.83 ($15.98) ($8.40) ($0.15)
Adjusted Weighted Average Basic Shares Outstanding		 49.75M 49.82M 49.84M 2.49M 47.42M 39.67M 2.01M 24.14M 325.67M 454.62M 551.79M
Adjusted Diluted Earnings per Share		 $0.00 ($0.02) ($0.01) ($0.32) ($0.08) ($0.03) ($0.31) $13.83 ($15.98) ($8.40) ($0.15)
Adjusted Weighted Average Diluted Shares Outstanding		 49.75M 49.82M 49.84M 2.49M 47.42M 39.67M 2.01M 24.52M 325.67M 454.62M 551.79M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.32) $0.00 $0.00 $0.00 $13.83 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 49.75M 49.82M 49.91M 0.00 39.67M 39.67M 4.30M 384.07M 454.86M 537.63M 603.23M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.43 -0.45 -0.37 -0.46 -0.62 -0.64 -0.33 313 -3,829 -2,688 -8.31
Normalized NOPAT Margin		 -83.77% -50.93% -30.55% -67.00% -51.52% -42.13% -15.96% 23,589.37% 0.00% 0.00% -17.85%
Pre Tax Income Margin		 -181.86% -101.24% -53.41% -118.20% -81.10% -76.20% -30.35% 33,483.97% 0.00% 0.00% -179.64%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -5.58 -2.57 -2.20 -27.64 -9.71 -5.25 -3.02 2,628.93 -26,560.40 0.00 0.00
NOPAT to Interest Expense		 -3.13 -1.91 -1.96 -19.35 -6.80 -3.45 -2.12 2,637.22 -19,146.02 0.00 0.00
EBIT Less CapEx to Interest Expense		 -6.16 -2.47 -2.30 -27.65 -9.91 -5.25 -3.02 2,622.75 -26,559.73 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -3.71 -1.81 -2.06 -19.35 -7.00 -3.45 -2.12 2,631.04 -19,145.35 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

BitMine Immersion Technologies (NYSE: BMNR) has undergone a dramatic financial transformation over the past year, but the latest quarter also shows some meaningful red flags. Revenue in Q3 2026 jumped to $46.5 million from zero in Q2 2026, while the balance sheet now shows $11.63 billion in assets and $11.60 billion in equity. That said, the company still posted a net loss of $83.6 million in the quarter, and the jump in the balance sheet appears heavily tied to non-operating items rather than steady core profitability.

  • Revenue surged sharply in Q3 2026 to $46.5 million from no revenue in Q2 2026, signaling a major change in the company’s operating profile.
  • Cash and equivalents increased to $340.3 million at the end of Q3 2026, giving BMNR a much larger liquidity cushion than in prior periods.
  • Total assets climbed to $11.63 billion, compared with $9.89 billion in Q2 2026 and just $8.27 million in Q3 2025, reflecting a massive expansion in scale.
  • Shareholders’ equity rose to $11.60 billion, a steep improvement from $9.86 billion in Q2 2026 and a far cry from the micro-cap balance sheet seen a year earlier.
  • Current liabilities remain low relative to assets at $12.1 million, which suggests a very strong near-term solvency position on the latest balance sheet.
  • Operating cash flow was positive in Q3 2026 at $29.0 million, but the cash flow statement also contains unusually large non-cash and investing line items that make the quality of cash generation harder to assess.
  • Share count has increased materially over the last year, with weighted average basic shares rising from 24.1 million in Q4 2025 to 551.8 million in Q3 2026, which can pressure per-share value.
  • The business has been highly volatile quarter to quarter, with revenue swinging from $0 in Q1 and Q2 2026 to $46.5 million in Q3 2026.
  • Q3 2026 net loss was still large at $83.6 million, and operating income was negative $11.9 million despite the revenue rebound.
  • Operating expenses remain elevated, with SG&A of $37.3 million and other operating expenses of $15.4 million in Q3 2026, both of which outweighed gross profit.
  • Profitability has been inconsistent historically: the company moved from small losses in 2024 and early 2025 to an extremely large loss in Q1 2026 and another sizable loss in Q3 2026.
  • The balance sheet expansion appears driven by non-operating items, including very large “other noncurrent operating assets,” which may not translate into durable earnings power.

Bottom line: BMNR’s latest quarter shows a company that now has far more cash, assets, and equity than it did a year ago, but the turnaround is not yet backed by stable operating profitability. For retail investors, the key question is whether the recent revenue spike represents a sustainable new business model or a one-quarter anomaly supported by unusual accounting and balance sheet changes.

07/28/26 07:21 AM ETAI Generated. May Contain Errors.

BitMine Immersion Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, BitMine Immersion Technologies' financial year ends in August. Their financial year 2025 ended on August 31, 2025.

BitMine Immersion Technologies' net income appears to be on an upward trend, with a most recent value of $348.58 million in 2025, falling from -$2.46 million in 2023. The previous period was -$3.29 million in 2024. View BitMine Immersion Technologies' forecast to see where analysts expect BitMine Immersion Technologies to go next.

BitMine Immersion Technologies' total operating income in 2025 was $444.21 million, based on the following breakdown:
  • Total Gross Profit: $310 thousand
  • Total Operating Expenses: -$443.90 million

Over the last 2 years, BitMine Immersion Technologies' total revenue changed from $645.28 thousand in 2023 to $6.10 million in 2025, a change of 844.6%.

BitMine Immersion Technologies' total liabilities were at $102.26 million at the end of 2025, a 3,099.5% increase from 2024, and a 5,156.2% increase since 2023.

In the past 2 years, BitMine Immersion Technologies' cash and equivalents has ranged from $270.55 thousand in 2023 to $512.00 million in 2025, and is currently $512.00 million as of their latest financial filing in 2025.

Over the last 2 years, BitMine Immersion Technologies' book value per share changed from 0.13 in 2023 to 360.13 in 2025, a change of 282,136.2%.


Related Companies

Financial statements for NYSE:BMNR last updated on 7/15/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Nevada gold explorer near Kinross district draws attention
Gold has surged past $5,300 per ounce, with Goldman Sachs and JPMorgan forecasting $6,000+ by end of 2026. Cen...
Wall Street Logic | Sponsoredtc pixel
My top 3 AI picks for the next decade
Alexander Green bought Apple in 1996, recommended Nvidia at a split-adjusted 66 cents in 2004, and picked up A...
The Oxford Club | Sponsoredtc pixel
How the JPMorgan $8,000 Gold Call Exposed the Biggest Mistake in Most Retirement Accounts
JPMorgan has raised its 2026 gold forecast to $6,300, with a credible path to $8,000, and now calls gold a cor...
Golden Crest Metals | Sponsoredtc pixel
A 50-year dollar arrangement just ended - what it means for you
In 1974, Henry Kissinger helped create the U.S.-Saudi Arabia Joint Commission on Economic Cooperation - a litt...
Golden Portfolio | Sponsoredtc pixel
What Elon told his top shareholders in Texas
Late last year, Elon Musk gathered top shareholders at Tesla's Texas Gigafactory to unveil a plan to double Am...
Banyan Hill Publishing | Sponsoredtc pixel
Buy this stock today
Marc Chaikin, founder of Chaikin Analytics, is sharing a strategy he calls 'Sell This, Buy That' - a way to mo...
Chaikin Analytics | Sponsoredtc pixel
Your book attached
Bill Poulos is giving away his 'Safe Trade Options Formula' book for free - but only for a limited time throug...
Profits Run | Sponsoredtc pixel
BofA: Digital Dollar Coming 2025-2030
A little-known meeting in 1910 cost the average American family their entire financial freedom. They met in se...
Decentralized Masters | Sponsoredtc pixel