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BitMine Immersion Technologies (BMNR) Financials

BitMine Immersion Technologies logo
$21.14 -0.53 (-2.46%)
Closing price 03:59 PM Eastern
Extended Trading
$21.26 +0.13 (+0.60%)
As of 07:59 PM Eastern
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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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 8/31/2023 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
Net Income / (Loss) Attributable to Common Shareholders		 -1.16 -0.93 -0.90 -0.65 -0.81 -3.94 -1.16 -0.62 334 -5,204 -3,818
Consolidated Net Income / (Loss)		 -1.16 -0.93 -0.90 -0.65 -0.81 -0.97 -1.16 -0.62 351 -5,204 -3,818
Net Income / (Loss) Continuing Operations		 -1.16 -0.93 -0.90 -0.65 -0.81 -0.97 -1.16 -0.62 351 -5,204 -3,818
Total Pre-Tax Income 		-1.16 -0.93 -0.90 -0.65 -0.81 -0.97 -1.16 -0.62 444 -5,296 -3,818
Total Operating Income		 -1.12 -0.61 -0.65 -0.53 -0.65 -0.88 -0.91 -0.47 446 -5,470 -3,841
Total Gross Profit		 0.11 0.10 0.32 0.22 -0.81 -0.01 0.08 0.49 -0.61 -1.02 -1.43
Total Revenue		 0.25 0.51 0.89 1.22 0.68 1.20 1.52 2.05 1.32 0.00 0.00
Operating Revenue		 0.25 0.51 0.89 1.22 0.68 1.20 1.52 2.05 1.32 0.00 0.00
Total Cost of Revenue		 0.14 0.41 0.57 1.00 1.49 1.21 1.44 1.56 1.93 1.02 1.43
Operating Cost of Revenue		 0.14 0.41 0.57 1.00 1.49 1.21 1.44 1.56 1.93 1.02 1.43
Total Operating Expenses		 1.23 0.72 0.97 0.76 -0.16 0.87 0.99 0.96 -447 5,472 3,850
Selling, General & Admin Expense		 -0.15 0.14 0.30 0.16 1.67 0.96 0.96 0.25 13 223 75
Other Operating Expenses / (Income)		 0.99 0.35 0.44 0.37 -1.27 -0.09 0.03 0.53 -462 5,248 3,775
Total Other Income / (Expense), net		 -0.04 -0.32 -0.25 -0.12 -0.15 -0.09 -0.24 -0.15 -2.85 174 22
Interest Expense		 0.04 0.14 0.24 0.19 0.02 0.09 0.19 0.15 0.17 0.20 -4.82
Interest & Investment Income		 0.00 -0.03 -0.05 -0.04 -0.13 0.00 0.00 0.00 -1.28 16 2.58
Other Income / (Expense), net		 - -0.15 0.04 0.11 - 0.00 -0.06 0.00 -1.40 158 15
Income Tax Expense		 - - - - - 0.00 0.00 - - -92 0.00
Preferred Stock Dividends Declared		 - 0.00 0.00 0.00 - 2.96 0.00 0.00 17 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)
Weighted Average Basic Shares Outstanding		 49.06M 49.75M 49.75M 2.49M 2.49M 2.37M 1.98M 2.01M 24.14M 325.67M 454.62M
Diluted Earnings per Share		 - ($0.02) ($0.02) ($0.26) ($0.32) ($1.66) ($0.58) ($0.31) $13.83 ($15.98) ($8.40)
Weighted Average Diluted Shares Outstanding		 49.06M 49.75M 49.75M 2.49M 2.49M 2.37M 1.98M 2.01M 24.52M 325.67M 454.62M
Weighted Average Basic & Diluted Shares Outstanding		 0.00 49.75M 49.82M 49.91M 0.00 39.67M 39.67M 4.30M 384.07M 454.86M 537.63M

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 8/31/2023 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
Net Change in Cash & Equivalents		 -0.25 0.20 -0.13 -0.06 0.22 0.30 -0.31 0.99 511 376 -8.10
Net Cash From Operating Activities		 -0.37 -0.05 -0.16 -0.04 0.22 -0.10 -0.22 1.68 -5.51 -228 -88
Net Cash From Continuing Operating Activities		 -0.37 -0.05 -0.16 -0.04 0.22 -0.10 -0.22 1.68 -5.51 -228 -88
Net Income / (Loss) Continuing Operations		 -1.16 -0.93 -0.90 -0.65 -0.81 -0.97 -1.16 -0.62 351 -5,204 -3,818
Consolidated Net Income / (Loss)		 -1.16 -0.93 -0.90 -0.65 -0.81 -0.97 -1.16 -0.62 351 -5,204 -3,818
Depreciation Expense		 0.18 0.22 0.24 0.23 0.24 0.13 0.23 0.18 0.22 0.12 0.12
Non-Cash Adjustments To Reconcile Net Income		 0.58 0.63 0.24 0.07 1.09 0.42 -0.04 0.53 -456 5,232 3,563
Changes in Operating Assets and Liabilities, net		 0.04 0.03 0.27 0.31 -0.30 0.32 0.77 1.59 99 -257 167
Net Cash From Investing Activities		 0.12 -0.08 0.03 -0.02 0.00 -0.02 - - -7,432 -7,422 -2,320
Net Cash From Continuing Investing Activities		 0.12 -0.08 0.03 -0.02 -0.00 -0.02 - - -7,432 -7,422 -2,320
Purchase of Investments		 - - - - - 0.00 - - - -20 -186
Sale of Property, Plant & Equipment		 - - - - - 0.00 - - - 0.51 0.10
Other Investing Activities, net		 - - - - - 0.00 - - - -7,403 -2,134
Net Cash From Financing Activities		 - 0.33 - - - 0.41 -0.10 -0.69 7,948 8,026 2,400
Net Cash From Continuing Financing Activities		 - 0.33 - - - 0.41 -0.10 -0.69 7,948 8,026 2,400
Repayment of Debt		 - 0.00 - - - -0.06 -0.10 -0.69 7,717 7,664 2,405
Issuance of Common Equity		 - - - - - 0.00 - - - 0.34 0.21

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
Accounts Receivable		 - 0.37 0.51
Prepaid Expenses		 0.11 0.67 0.50
Plant, Property, & Equipment, net		 0.00 4.77 0.52
Total Noncurrent Assets		 7.32 0.96 8,282
Other Noncurrent Operating Assets		 4.95 0.96 0.00
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
Total Common Equity		 6.26 4.09 8,693
Common Stock		 11 12 8,355
Retained Earnings		 -4.93 -8.22 337

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
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
Total Assets		 8.58 7.85 8.17 7.93 7.50 8.27 11,487 9,894
Total Current Assets		 1.96 1.66 2.34 1.36 1.15 2.18 889 886
Cash & Equivalents		 0.47 0.34 0.28 0.80 0.48 1.47 888 880
Accounts Receivable		 - - - - - 0.37 0.23 0.75
Prepaid Expenses		 0.23 0.20 0.78 0.03 0.17 0.16 1.12 5.55
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.57 0.34
Total Noncurrent Assets		 6.62 6.19 5.83 6.58 6.35 6.09 10,598 9,008
Other Noncurrent Operating Assets		 5.11 4.86 4.65 5.69 5.47 5.20 10,598 9,008
Total Liabilities & Shareholders' Equity		 8.58 7.85 8.17 7.93 7.50 8.27 11,487 9,894
Total Liabilities		 2.97 2.87 3.55 4.13 4.65 5.39 236 36
Total Current Liabilities		 2.61 2.52 3.23 4.08 4.60 5.34 137 16
Accounts Payable		 0.20 0.40 0.56 0.30 0.76 0.47 11 14
Other Current Liabilities		 2.17 1.83 1.63 1.88 1.88 - 126 2.46
Total Noncurrent Liabilities		 0.37 0.34 0.32 0.05 0.05 0.05 99 20
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - 0.00 0.00
Other Noncurrent Operating Liabilities		 - - - - - - 99 20
Commitments & Contingencies		 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
Total Preferred & Common Equity		 5.61 4.98 4.61 3.81 2.85 2.88 11,252 9,858
Total Common Equity		 5.61 4.98 4.61 3.81 2.85 2.88 11,252 9,858
Common Stock		 11 12 12 16 16 17 16,118 18,547
Retained Earnings		 -5.86 -6.76 -7.41 -12 -13 -14 -4,867 -8,689

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 8/31/2023 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
DEI Shares Outstanding		 0.00 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
DEI Adjusted Shares Outstanding		 0.00 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
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -0.02 -0.01 -0.02 -0.08 -0.03 -0.02 77.58 -13.55 -8.39
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 402.68% 471.22% 761.90% 178.01% 134.89% 70.14% 67.50% 94.24% -100.00% -100.00%
EBITDA Growth		 0.00% -30.31% -87.11% 46.75% 56.31% -37.46% -102.35% -48.79% 107,817.35% -712,914.23% -503,280.13%
EBIT Growth		 0.00% -60.96% -111.44% 17.63% 41.85% -15.63% -58.93% -11.50% 68,274.65% -600,814.03% -393,907.52%
NOPAT Growth		 0.00% -24.39% -124.52% -4.91% 41.85% -44.47% -40.73% 12.46% 97,799.40% -618,711.31% -420,555.20%
Net Income Growth		 0.00% -97.57% -193.64% -24.92% 30.68% -4.75% -28.06% 4.81% 43,677.61% -534,201.33% -330,212.54%
EPS Growth		 0.00% 0.00% -100.00% -24.92% 0.00% -4.75% -28.06% -19.23% 4,421.88% -862.65% -1,348.28%
Operating Cash Flow Growth		 0.00% 92.60% -199.54% -567.58% 159.18% -111.97% -35.21% 4,023.89% -2,641.21% -237,770.83% -40,943.26%
Free Cash Flow Firm Growth		 0.00% 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%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 2.26% -12.75% -28.71% -17.27% -2,032.69% 273,670.52% 316,882.75%
Revenue Q/Q Growth		 72.63% 108.40% 74.38% 37.39% -44.32% 76.08% 26.31% 35.22% -35.43% -100.00% 0.00%
EBITDA Q/Q Growth		 -161.04% 42.73% 30.70% 48.60% -114.16% -80.21% -2.01% 65.24% 155,143.43% -1,292.86% 27.98%
EBIT Q/Q Growth		 -120.35% 31.91% 20.08% 31.30% -55.55% -35.41% -9.84% 54.94% 95,210.91% -1,293.53% 27.98%
NOPAT Q/Q Growth		 -120.35% 45.50% -6.02% 17.60% -22.13% -35.41% -3.28% 48.78% 136,401.10% -957.65% 29.79%
Net Income Q/Q Growth		 -122.09% 20.05% 2.92% 27.52% -23.23% -20.81% -18.69% 46.17% 56,515.03% -1,581.25% 26.63%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 27.52% -23.23% -20.81% -18.69% -933.33% 4,561.29% -215.55% 47.43%
Operating Cash Flow Q/Q Growth		 -4,114.12% 87.65% -251.10% 73.14% 608.08% -144.24% -123.96% 882.42% -429.05% -4,040.73% 61.36%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 7.13% 6.14% 86.23% 88.52% 863.12% -35.06% 169,709.10% -2,668.56% 17.80%
Invested Capital Q/Q Growth		 0.00% -14.87% -8.43% -4.83% 37.85% -27.37% -25.18% 10.44% -3,320.17% 10,388.54% -13.37%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 44.37% 20.36% 36.30% 18.10% -119.10% -0.83% 5.08% 23.92% -45.72% 0.00% 0.00%
EBITDA Margin		 -385.70% -106.00% -42.13% -15.76% -60.61% -62.03% -50.10% -14.00% 33,611.12% 0.00% 0.00%
Operating Margin		 -457.61% -119.67% -72.76% -43.64% -95.71% -73.61% -60.18% -22.81% 33,699.09% 0.00% 0.00%
EBIT Margin		 -457.61% -149.52% -68.52% -34.26% -95.71% -73.61% -64.01% -22.81% 33,593.18% 0.00% 0.00%
Profit (Net Income) Margin		 -474.07% -181.86% -101.24% -53.41% -118.20% -81.10% -76.20% -30.35% 26,517.74% 0.00% 0.00%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 79.20% 98.26% 100.00%
Interest Burden Percent		 103.60% 121.63% 147.75% 155.88% 123.49% 110.18% 119.05% 133.08% 99.67% 99.70% 99.81%
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)		 -40.55% -40.73% -45.90% -46.42% -43.02% -50.73% -57.26% -25.20% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -8.05% 38.36% 43.02% 20.89% 1,980.56% 4.25% 43.16% 76.26% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 1.49% -8.68% -8.71% -3.77% -6.61% -0.58% -5.67% -5.92% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -39.06% -49.41% -54.62% -50.19% -49.63% -51.31% -62.93% -31.12% 8.02% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% -35.48% -33.26% -27.88% -40.23% 0.00% -267.71% -338.06%
Operating Return on Assets (OROA)		 -72.00% -18.38% -15.63% -12.05% -40.92% -35.65% -38.57% -15.14% 46.52% 0.00% 0.00%
Return on Assets (ROA)		 -74.59% -22.36% -23.09% -18.79% -50.53% -39.28% -45.92% -20.14% 36.72% 0.00% 0.00%
Return on Common Equity (ROCE)		 -39.06% -49.41% -54.62% -50.19% -49.63% -51.31% -62.93% -31.12% 8.02% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -52.15% -70.64% -79.12% 0.00% 0.00% 0.00% -123.70% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.79 -0.43 -0.45 -0.37 -0.46 -0.62 -0.64 -0.33 446 -3,829 -2,688
NOPAT Margin		 -320.33% -83.77% -50.93% -30.55% -67.00% -51.52% -42.13% -15.96% 33,699.09% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -32.50% -79.09% -88.93% -67.31% -2,023.58% -54.98% -100.42% -101.46% -2.16% -309.76% -256.94%
Return On Investment Capital (ROIC_SIMPLE)		 -12.56% -7.64% -9.12% -8.11% -8.00% -12.70% -18.06% -6.89% 5.14% -34.03% -27.27%
Cost of Revenue to Revenue		 55.63% 79.64% 63.70% 81.90% 219.10% 100.83% 94.92% 76.08% 145.72% 0.00% 0.00%
SG&A Expenses to Revenue		 -61.05% 28.21% 33.35% 13.42% 245.27% 79.85% 63.55% 12.22% 998.55% 0.00% 0.00%
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		 501.98% 140.03% 109.06% 61.73% -23.39% 72.77% 65.26% 46.73% -33,744.82% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -1.12 -0.76 -0.61 -0.42 -0.65 -0.88 -0.97 -0.47 445 -5,312 -3,826
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.95 -0.54 -0.38 -0.19 -0.41 -0.75 -0.76 -0.29 445 -5,312 -3,826
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.49 5.34 6.84 5.94 7.06 4.60 3.91 10.46 0.12 0.96 0.88
Price to Tangible Book Value (P/TBV)		 5.49 5.34 6.84 5.94 7.06 4.60 3.91 10.46 0.12 0.96 0.88
Price to Revenue (P/Rev)		 53.22 28.39 19.03 9.54 8.71 4.39 2.41 5.52 175.45 2,203.29 2,555.14
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.26 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 30.69% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 6.49 6.58 8.27 6.96 5.75 4.53 3.78 9.54 0.00 0.95 0.86
Enterprise Value to Revenue (EV/Rev)		 51.27 27.05 18.36 9.16 9.05 4.29 2.31 5.47 91.44 2,021.91 2,294.68
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.26 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.26 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.59 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.83 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 0.00 1.22 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.40 0.28 0.24 0.65 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		 -0.19 -0.23 -0.20 -0.18 0.00 -0.14 -0.13 -0.08 -1.01 -0.08 -0.09
Leverage Ratio		 1.31 1.53 1.58 1.77 1.50 1.75 1.96 2.19 1.01 1.02 1.00
Compound Leverage Factor		 1.36 1.86 2.33 2.76 1.85 1.93 2.33 2.92 1.01 1.02 1.00
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 28.45% 21.85% 19.37% 39.45% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 28.45% 21.85% 19.37% 39.45% 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% 100.00% 71.55% 78.15% 80.63% 60.55% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 -1.07 -0.62 -0.32 -0.84 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.74 0.23 0.22 0.12 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 0.00 -0.95 -0.56 -0.33 -0.92 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 -0.66 0.21 0.22 0.13 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		 9.28 4.83 5.76 3.41 3.73 0.13 -1.41 1.00 6.56 25.40 140.74
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		 0.56 0.75 0.66 0.72 0.49 0.33 0.25 0.41 51.50 6.48 54.19
Quick Ratio		 0.41 0.60 0.57 0.43 0.28 0.29 0.16 0.35 51.45 6.48 53.85
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -4.77 -4.43 -4.16 -0.57 -0.07 0.50 0.33 552 -14,189 -11,664
Operating Cash Flow to CapEx		 0.00% -56.81% 0.00% -229.90% 328,813.64% -533.33% 0.00% 0.00% -526.73% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 -34.81 -18.61 -21.81 -24.23 -0.72 2.71 2.10 3,263.01 -70,946.36 0.00
Operating Cash Flow to Interest Expense		 -8.77 -0.33 -0.67 -0.22 9.19 -1.05 -1.16 10.83 -32.57 -1,141.78 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -5.93 -0.91 -0.57 -0.32 9.19 -1.25 -1.16 10.83 -38.76 -1,141.11 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.16 0.12 0.23 0.35 0.43 0.48 0.60 0.66 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13.79 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 0.00 2.31 0.00 0.00
Accounts Payable Turnover		 0.00 3.51 2.93 3.78 0.00 17.02 8.84 8.60 0.00 0.96 0.76
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26.47 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)		 0.00 103.88 124.45 96.50 0.00 21.45 41.27 42.46 0.00 379.41 478.79
Cash Conversion Cycle (CCC)		 0.00 -103.88 -124.45 -96.50 0.00 -21.45 -41.27 -42.46 26.47 -379.41 -478.79
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5.10 4.34 3.97 3.78 5.21 3.79 2.83 3.13 -101 10,364 8,979
Invested Capital Turnover		 0.13 0.49 0.90 1.52 0.64 0.98 1.36 1.58 -0.13 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 4.34 3.97 3.78 0.12 -0.55 -1.14 -0.65 -106 10,360 8,976
Enterprise Value (EV)		 33 29 33 26 30 17 11 30 557 9,895 7,749
Market Capitalization		 34 30 34 27 29 18 11 30 1,069 10,783 8,629
Book Value per Share		 $0.13 $0.11 $0.10 $0.09 $0.08 $0.08 $0.07 $0.07 $360.13 $29.30 $21.67
Tangible Book Value per Share		 $0.13 $0.11 $0.10 $0.09 $0.08 $0.08 $0.07 $0.07 $360.13 $29.30 $21.67
Total Capital		 6.26 5.61 4.98 4.61 5.71 4.87 3.54 4.75 8,693 11,252 9,858
Total Debt		 0.00 0.00 0.00 0.00 1.63 1.06 0.69 1.88 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		 -1.26 -1.41 -1.21 -1.09 1.13 -0.40 -0.47 -0.27 -512 -888 -880
Capital Expenditures (CapEx)		 -0.12 0.08 -0.02 0.02 0.00 0.02 0.00 0.00 1.05 -0.13 -0.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.95 -1.12 -1.21 -1.18 -0.46 -2.45 -3.25 -2.76 -8.95 -136 -10
Debt-free Net Working Capital (DFNWC)		 -0.68 -0.65 -0.87 -0.90 0.04 -1.66 -2.76 -1.29 503 752 870
Net Working Capital (NWC)		 -0.68 -0.65 -0.87 -0.90 -1.59 -2.72 -3.45 -3.16 503 752 870
Net Nonoperating Expense (NNE)		 0.38 0.50 0.45 0.28 0.35 0.36 0.52 0.30 95 1,375 1,130
Net Nonoperating Obligations (NNO)		 -1.16 -1.27 -1.01 -0.83 1.13 -0.02 -0.02 0.25 -8,794 -888 -880
Total Depreciation and Amortization (D&A)		 0.18 0.22 0.24 0.23 0.24 0.14 0.21 0.18 0.24 0.12 0.12
Debt-free, Cash-free Net Working Capital to Revenue		 -147.17% -106.02% -67.50% -40.96% -13.87% -61.32% -70.19% -50.60% -146.89% -2,774.38% -297.60%
Debt-free Net Working Capital to Revenue		 -105.24% -61.41% -48.38% -31.18% 1.21% -41.38% -59.74% -23.58% 8,253.42% 15,363.71% 25,748.50%
Net Working Capital to Revenue		 -105.24% -61.41% -48.38% -31.18% -47.89% -68.01% -74.57% -57.97% 8,253.42% 15,363.71% 25,748.50%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.02) ($0.01) ($0.32) ($0.08) ($0.03) ($0.31) $13.83 ($15.98) ($8.40)
Adjusted Weighted Average Basic Shares Outstanding		 49.06M 49.75M 49.82M 49.84M 2.49M 47.42M 39.67M 2.01M 24.14M 325.67M 454.62M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.02) ($0.01) ($0.32) ($0.08) ($0.03) ($0.31) $13.83 ($15.98) ($8.40)
Adjusted Weighted Average Diluted Shares Outstanding		 49.06M 49.75M 49.82M 49.84M 2.49M 47.42M 39.67M 2.01M 24.52M 325.67M 454.62M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($0.32) $0.00 $0.00 $0.00 $13.83 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 49.75M 49.82M 49.91M 0.00 39.67M 39.67M 4.30M 384.07M 454.86M 537.63M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.79 -0.43 -0.45 -0.37 -0.46 -0.62 -0.64 -0.33 313 -3,829 -2,688
Normalized NOPAT Margin		 -320.33% -83.77% -50.93% -30.55% -67.00% -51.52% -42.13% -15.96% 23,589.37% 0.00% 0.00%
Pre Tax Income Margin		 -474.07% -181.86% -101.24% -53.41% -118.20% -81.10% -76.20% -30.35% 33,483.97% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -26.85 -5.58 -2.57 -2.20 -27.64 -9.71 -5.25 -3.02 2,628.93 -26,560.40 0.00
NOPAT to Interest Expense		 -18.79 -3.13 -1.91 -1.96 -19.35 -6.80 -3.45 -2.12 2,637.22 -19,146.02 0.00
EBIT Less CapEx to Interest Expense		 -24.01 -6.16 -2.47 -2.30 -27.65 -9.91 -5.25 -3.02 2,622.75 -26,559.73 0.00
NOPAT Less CapEx to Interest Expense		 -15.95 -3.71 -1.81 -2.06 -19.35 -7.00 -3.45 -2.12 2,631.04 -19,145.35 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

BMNR has a very mixed quarterly history over the last four years. Below are the key takeaways drawn from the provided quarterly cash flow, income statement, and balance sheet data. Positive items are listed first, then neutral observations, then negatives.

  • Substantial financing inflows in late 2025 and early 2026: Net Cash From Financing Activities totaled about $7.95 billion in Q4 2025 and about $8.03 billion in Q1 2026, suggesting strong access to capital markets to fund operations or asset investments.
  • Notable quarterly profitability in Q4 2025: Net Income / (Loss) Attributable to Common Shareholders was about $333.9 million, with total net income around $351.3 million, marking a rare period of meaningful profitability.
  • Very large equity base and low leverage in 2026 Q2: Total Common Equity roughly $9.86 billion vs Total Liabilities around $36 million, indicating a strong capitalization with minimal reported debt burden.
  • Solid near-term liquidity by 2026 Q2: Cash & Equivalents were about $879.6 million, with Total Current Assets near $885.9 million, supporting short-term liquidity needs.
  • Earnings volatility: The company shows dramatic swings from large losses (e.g., -$3.82 billion in 2026 Q2) to notable profits (Q4 2025), signaling substantial non-operational drivers or accounting items impacting reported earnings.
  • Asset-heavy balance sheet: A large portion of total assets is tied up in noncurrent assets (including substantial noncurrent operating assets in several periods), while current liabilities remain relatively modest. This suggests an asset-heavy capitalization or investing posture rather than typical operating working capital dynamics.
  • Significant non-cash adjustments in cash flow: For example, 2026 Q2 shows non-cash adjustments to reconcile net income of about $3.56 billion, reflecting sizable accounting adjustments that can distort cash flow relative to earnings.
  • Choppy/negative operating cash flow in multiple quarters: For example, -$228.4 million in 2026 Q1 and -$88.2 million in 2026 Q2, indicating ongoing gaps between operating earnings and cash generation from core business activities.
  • Recurring losses on a net income basis: Several quarters show net losses, including -$5.204 billion in 2026 Q1 and -$3.818 billion in 2026 Q2, highlighting ongoing profitability challenges at the operating level.
  • Debt repayment spikes in some periods: Notable debt repayments occurred in certain quarters (e.g., around $7.72 billion in 2025 Q4), which can squeeze liquidity and influence capital structure decisions even when financing receipts are large.
05/13/26 10:33 PM 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%.


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Financial statements for NYSE:BMNR last updated on 4/21/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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"Golden Dawn": the code name that should be on every investor's radar
Trump's team has officially code-named America's new AI initiative 'Golden Dawn' - a government project involv...
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