Bitmine Immersion Technologies, Inc.

Bitmine Immersion Technologies, Inc.

BMNR·AMEX

$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.

At a Glance

Live Snapshot
Market Cap$9.79B
EPS1.3600
P/E Ratio15.82
Earnings Date04/14/2026
3Y+155.0%
5Y-44484.0%
10Y-149829.0%
3Y+268465.0%
5Y-
10Y+29727936.0%
3Y+173796.0%
5Y-
10Y+18062761.0%
BMNR

Bitmine Immersion Technologies, Inc. Cash Conversion Engine

BMNR · AMEX
Net Income328.16M
Depreciation & Amortization761.00K
Stock-Based Compensation2.42M
Change in Working Capital98.87M
Others-526.66M
Capital Expenditures-1.06M
Free Cash Flow-5.21M

Cash Flow Quality Analysis

FCF Conversion Rate

-1.6%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

-25.7%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-4880.6%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$98.87M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

Bitmine Immersion Technologies, Inc. Cash Flow Statement

BMNR • AMEX

Bitmine Immersion Technologies, Inc. Cash Flow StatementAug 2025Aug 2024Aug 2023Aug 2022Aug 2021Aug 2020Dec 2012
OPERATING ACTIVITIES
328.2M
-3.3M
-2.5M
-2M
-154.2K
-9.3K
386.0
761K
923.5K
470.7K
3.1K
0.0
0.0
767.0
92.3M
0.0
0.0
-372.9K
0.0
0.0
0.0
2.4M
1.1M
1.3M
856.7K
0.0
0.0
0.0
-526.7M
427.6K
122.9K
372.9K
71.3K
0.0
1.6K
98.9M
789.5K
-256.5K
-483.9K
6.6K
9.3K
0.0
-4.1M
-28.8K
-809.7K
-1.6M
-76.4K
9.3K
2.8K
INVESTING ACTIVITIES
-1.1M
-75.9K
-612.3K
-2.8M
-427.3K
(0.0)
-25K
-7.4B
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
2.2M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
8.4K
0.0
0.0
0.0
0.0
0.0
-7.4B
-67.5K
-612.3K
-2.8M
-427.3K
(0.0)
-25K
FINANCING ACTIVITIES
7.9B
0.0
0.0
1.8M
0.0
0.0
0.0
-617K
0.0
1.3M
2.8M
0.0
0.0
44K
0.0
325K
0.0
0.0
720.5K
0.0
0.0
7.9B
325K
1.3M
4.6M
720.5K
0.0
44K
CASH FLOW SUMMARY
-1K
0.0
0.0
0.0
555.0
0.0
0.0
511.5M
228.7K
-122K
173.8K
216.8K
9.3K
0.0
499K
270.5K
392.6K
218.7K
1.9K
0.0
0.0
512M
499.3K
270.5K
392.6K
218.7K
9.3K
0.0
-5.2M
-104.7K
-1.4M
-4.4M
-503.7K
9.3K
2.8K

SEC Filings

BMNR - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 02, 2026
June 02, 2026
2026
8-K

8-K 2026

N/A

June 01, 2026
June 01, 2026
2026
8-K

8-K 2026

N/A

May 26, 2026
May 26, 2026
2026
8-K

8-K 2026

N/A

May 18, 2026
May 18, 2026
2026
8-K

8-K 2026

N/A

May 11, 2026
May 11, 2026
2026
8-K

8-K 2026

N/A

May 04, 2026
May 04, 2026
2026
8-K

8-K 2026

N/A

May 01, 2026
April 27, 2026
2026
8-K

8-K 2026

N/A

April 27, 2026
April 27, 2026
2026
S-3

S-3

N/A

April 24, 2026
April 24, 2026
 
8-K

8-K 2026

N/A

April 20, 2026
April 20, 2026
2026
Showing 1 to 10 of 144 filings