BMNR - AMEX

Bitmine Immersion Technologies, Inc.

Bitmine Immersion Technologies, Inc.

BMNRยทAMEX

$21.52

+6.7%
Financial ServicesFinancial - Capital Markets

Bitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States. The company engages in hosting third-party equipment used in mining of digital asset coins and tokens, primarily Bitcoin, as well as the self-mining for its own account. It also sells mining equipment to customers and related parties. In addition, the company offers data centers, which provides power, racks, proprietary thermodynamic management, redundant connectivity, and security services, as well as software, which provides infrastructure management and custom firmware. 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.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$9.79B
EPS1.3600
P/E Ratio15.82
Earnings Date04/14/2026
Bitmine Immersion Technologies, Inc.

Bitmine Immersion Technologies, Inc. Fair Value Envelope

BMNR ยท AMEX

Our analysis suggests that BMNR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $21.52, this represents a potential HIDDEN relative to our calculated worth for Bitmine Immersion Technologies, Inc..

HIDDEN
Intrinsic Value
Current Price: $21.52

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$3.8M
+ Cash & Equivalents$512.0M
Firm Value$508.2M
- Debt$0
Equity Value$508.2M
/ Shares Outstanding173,255,604B
DCF Value$3
OVERVALUED BY 86%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$2.1M
-$1.0M
-$518.6K
-$259.3K
-$129.7K
-$64.8K
-$32.4K
-$16.2K
-$8.1K
-$4.1K
Maintenance CapEx
-$106.5K
-$53.3K
-$26.6K
-$13.3K
-$6.7K
-$3.3K
-$1.7K
-$832
-$416
-$208
Owner Earnings
-$2.2M
-$1.1M
-$545.3K
-$272.6K
-$136.3K
-$68.2K
-$34.1K
-$17.0K
-$8.5K
-$4.3K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$2.0M
-$934.9K
-$432.8K
-$200.4K
-$92.8K
-$42.9K
-$19.9K
-$9.2K
-$4.3K
-$2.0K
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.

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