DailyIQ
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Last updated8 minutes ago

BMNR·BitMine Immersion Technologies Inc.

$23.49
-0.34 (-1.43%)
Overnight$23.50+0.01 (+0.04%)
High
$24.19
Open
$23.62
Market Cap
14.37B
52W High
$56.10
Low
$23.34
P. Close
$23.49
P/E
41.24
52W Low
$12.79
Fwd P/E
24.99
DailyIQ Est.
$49.12
Inst. Ownership
15.0%
Short Interest
5.68%
Days to Cover
1.0
Div. Yield
0.04%
Last Ex-Div
Dec 8, 2025
Technical Score (1D)
4
BEARISH
News Sentiment
49
MIXED
On Oct 10, analysts reported that Bitmine Immersion Technologies (BMNR) had seen a 99.6% rise over the past three years, yet recent market sentiment around crypto had pulled the share price to about US$24.03, prompting questions about whether the current valuation still reflected the company’s balance sheet strength and hardware assets. On Oct 9, BitMine announced it would cease purchasing Ethereum once it reached a 5% supply cap, leaving only about 100,000 ETH—roughly $250 million—remaining to buy, and noted that no other major buyer had positioned itself to step in. The company’s withdrawal was said to create a supply gap that could affect Ethereum prices, with analysts warning that a rebound would depend on ETF inflows reversing. The announcement was made by Chairman Tom Lee during the TOKEN2049 conference in Singapore. These developments highlight the company’s shifting focus toward AI‑driven crypto outlooks and the potential shortfall in institutional demand for ETH.
LOW TARGET
$34 +44.7%
2 analysts
MEAN TARGET
$46 +95.3%
3 analysts
HIGH TARGET
$64 +170.8%
5 analysts
PRICE RANGE
$34.00 - $63.60
SB / B / H / S / SS
2/5/1/1/1
DAILYIQ EST.
$49.12 (+109.1%)
Bought (1Y)
0 shares
$0
Sold (1Y)
0 shares
$0
Howe Olivia-
Option Exercise4,749 shares2026-07-23
Howe Olivia-
Option Exercise4,749 shares2026-07-23
Love Lori-
Option Exercise4,374 shares2026-07-23
Love Lori-
Option Exercise4,374 shares2026-07-23
MALONEY MICHAEL STEPHEN-
Option Exercise3,999 shares2026-07-23
View full insider trading history →
80/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✕Negative operating cash flow
Gross Margin
5.1%
Net Margin
5719.1%
Current Ratio
51.50x
Return on Equity
4.0%
View full financials →

EPS

EstBeatMiss
$-2.52$2.72$7.96$13.19$18.43Q3'25
QtrEstActual+/−
Q4'25 - - -
Q3'25$-0.10$16.01+16110.0%

Revenue

EstBeatMiss
$-7M$12M$31M$50M$69MQ3'25Q4'25
QtrEstActual+/−
Q4'25$60M - -
Q3'25 - $1M -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
→

Market Data

BMNR Stock Snapshot

BEARISH4/100
$23.50+$0.01 (0.0%)
Market cap
14.37B
P/E ratio
41.2
Day range
$23.34 – $24.19
News sentiment
49/100 · Neutral
Analyst target
$45.87 (+95.2%)
Consensus
Buy · 10 analysts
52-week range+83.7% off low · -58.1% from high
$12.79$56.10
Price $23.50 DailyIQ Est. $49.12

Price action on BMNR is defensive - rallies are being sold rather than extended. The stock is liquid enough that positioning changes get absorbed without distorting the trend.

Sector Rotation

Is money rotating into or out of BMNR's sector?

BitMine Immersion Technologies Inc. sits in the Financials sector, currently ranked 12th of 12 GICS sectors by relative-strength rotation score (improving).

Sector rank
#12 of 12
Sector state
Improving
Sector rotation score
18

Options Market

What is the options market pricing for BMNR?

CallsPuts

For BitMine Immersion Technologies Inc.'s nearest expiry (2026-10-16, 2 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 1.39), with at-the-money implied volatility around 77.7%. The options market is pricing roughly a ±5.6% move by that expiry — a range of about $22.32–$24.96.

Put/call ratio (2026-10-16)
1.39
ATM implied volatility
77.7%
Total open interest
188,516
Expected move by 2026-10-16
±5.6% ($22.32–$24.96)

Analyst Rating Changes

Are analysts turning bullish or bearish on BMNR?

B. Riley Securities most recently reiterated its rating on BitMine Immersion Technologies Inc. to Buy on Sep 22, 2026 with a price target of $34 (from $30). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
B. Riley Securities — Buy
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Sep 22, 2026B. Riley SecuritiesMaintainedBuy$30 → $34
Sep 10, 2026Cantor FitzgeraldMaintainedOverweight$31 → $64
Sep 3, 2026B. Riley SecuritiesMaintainedBuy$25 → $30
Jul 16, 2026B. Riley SecuritiesMaintainedBuy$33 → $25
Jul 1, 2026Cantor FitzgeraldMaintainedOverweight$39 → $30
Feb 23, 2026B. Riley SecuritiesMaintainedBuy$47 → $30
Nov 20, 2025B. Riley SecuritiesMaintainedBuy$90 → $47
Oct 16, 2025B. Riley SecuritiesInitiatedBuy$90

ETF holders

ETFs holding BMNR

Top ETF holdersWeight

News Sentiment Analysis

Sentiment gathered from recent headlines

49/100
Strong NegativeNeutralStrong Positive
MIXED

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
BitMine Immersion Technologies chairman Tom Lee reduced his year‑end Ethereum target to $5,000, a 50% cut from the $10,000 he previously described as conservative. He also lowered his longer‑term cycle target to $25,000–$50,000 from an earlier $62,000 projection. Lee linked Ethereum’s upside to Bitcoin’s potential rise to $100,000, suggesting Ethereum could trade around $7,500 if Bitcoin hits that level. The comments were made during Token 2049 in Singapore and reflect a more cautious outlook on the crypto market. No direct operational or financial impact on BMNR was disclosed.
What did this article say?
Bitmine Immersion Technologies’ stock, which had climbed nearly 100% over the past three years, recently pulled back to around US$24.03. The decline has prompted investors to reassess whether the current price still reflects the company’s balance‑sheet strength and asset base. Market sentiment around crypto and digital infrastructure has shifted, leading to questions about BMNR’s valuation relative to its book value. The pullback suggests a potential correction or a reassessment of growth prospects. The move highlights the sensitivity of BMNR’s share price to broader crypto market dynamics.
What did this article say?
BitMine, the company behind BMNR, reported on October 8 that it owned 6,016,414 ether, representing 4.9% of the total circulating supply. The firm is only 88,600 ether short of reaching a 5% stake, a milestone it aims to achieve within roughly six weeks. The majority of BitMine’s holdings are staked, generating significant annual yield but limiting immediate liquidity. The move positions BMNR as a major player in the Ethereum ecosystem, potentially enhancing its influence and revenue streams.
What did this article say?
Bitmine Immersion Technologies (BMNR) announced it would stop its weekly Ethereum purchases after accumulating 5% of the circulating supply, a move that removed a key growth catalyst for the company. The decision caused BMNR shares to fall 7% to $24.49 in afternoon trading on October 7. The halt left the firm as a static token holder, relying solely on Ethereum’s price performance for value creation. The news also impacted peers Sharplink and Strategy, which fell 5% each. The market viewed the cessation as a material setback for BMNR’s business model.
What did this article say?
Bitmine Immersion Technologies (BMNR) announced a significant increase in its Ethereum holdings and completed a large equity buyback ahead of its appearance at TOKEN2049 in Singapore. The buyback helped cushion recent share price declines, with the stock slipping only 2.2% over the past day and 1.98% over the week. Over the past 30 days, the share price gained 4.93%, while the 90‑day return was 76.31%. Despite a 55.73% drop in the one‑year total shareholder return, the three‑year return remains strong at 87.22%, indicating long‑term upside potential.
What did this article say?
Bitmine Immersion Technologies announced it would stop buying Ethereum once its holdings reach 5% of the circulating supply, a milestone it is close to achieving. Chairman Tom Lee said the company is about 100,000 ETH away from the threshold, roughly six to seven weeks at current accumulation rates. The decision marks a shift from the firm’s steady weekly purchases that have supported the token during a bear market. The move is viewed as a strategic realignment rather than a negative development for the company or the broader market.
What did this article say?
Bitmine Immersion Technologies (BMNR) announced it would cease accumulating Ethereum once its holdings reach 5% of the circulating supply. The decision was made after the firm had already purchased nearly 4.9% of ETH, valuing its stake at about $15.5 billion. The move was presented as a hard cap to prevent overexposure amid a bear market. Investors viewed the announcement as a negative development for BMNR’s crypto asset strategy, potentially reducing future revenue from ETH holdings. The statement was delivered at a Singapore conference by Chairman Tom Lee.
What did this article say?
BMNR is set to stop buying Ethereum once it reaches 5% of the circulating supply. The company’s accumulation strategy has been closely linked to ETH price movements since 2025. The impending halt is expected to influence market dynamics as BMNR’s demand for Ethereum ceases.

Technical Analysis

Real-time indicators across multiple timeframes

4
BEARISH
Momentum rank against about 1,000 stocks and ETFs for this timeframe.
Unlock full technicals
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Institutional & Hedge Fund Ownership
24 tracked managers · $1.32B combined position · 16 adding, 8 trimming, 0 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
BlackRock, Inc.▲ Buy27,297,1484.46%$363.33M2026-08-07
Morgan Stanley▲ Buy16,291,9132.66%$216.85M2026-08-13
Geode Capital Management, LLC▲ Buy10,190,2781.67%$165.55M2026-08-12
Vanguard Group Inc▲ Buy4,742,5590.78%$128.76M2026-01-29
FMR LLC (Fidelity)▲ Buy7,702,0801.26%$102.51M2026-08-13
Susquehanna International Group, LLP▼ Sell6,615,6981.08%$88.05M2026-08-14
Norges Bank▲ New6,151,0621.01%$81.87M2026-08-12
Citadel Advisors LLC▼ Sell3,302,1180.54%$43.95M2026-09-02
Northern Trust Corp▲ Buy2,662,1730.44%$35.43M2026-08-13
Goldman Sachs Group Inc▲ Buy2,372,0810.39%$31.57M2026-08-14
Bank of America Corp▲ Buy1,604,6150.26%$21.36M2026-08-14
Man Group plc▲ Buy704,6500.12%$9.38M2026-08-14
Invesco Ltd.▼ Sell372,1870.06%$4.95M2026-08-14
D. E. Shaw & Co., Inc.▼ Sell308,1010.05%$4.10M2026-08-14
AllianceBernstein L.P.▲ Buy206,6970.03%$4.09M2026-08-14
Marshall Wace, LLP▲ Buy295,9500.05%$3.94M2026-08-13
JPMorgan Chase & Co▲ Buy255,1120.04%$3.87M2026-08-12
Citigroup Inc▼ Sell141,5870.02%$1.88M2026-08-03
ExodusPoint Capital Management, LP▲ New121,3460.02%$1.62M2026-08-14
Balyasny Asset Management L.P.▼ Sell67,1940.01%$894.4K2026-08-14
Wells Fargo & Company▲ Buy59,2780.01%$789.0K2026-08-14
Squarepoint Ops LLC▼ Sell22,2380.00%$296.0K2026-08-14
Prudential Financial Inc▲ New21,3650.00%$284.4K2026-08-12
Millennium Management LLC▼ Sold out00.00%$02026-08-14
Q2 2026 flow:40.49M sh bought ($553.25M)14.78M sh sold ($215.46M)net +25.72M sh (+$337.78M)
View full institutional holdings history →
Congressional Trading Activity
2 disclosed trades · ~$83.0K est. traded value · 1 buys, 1 sells
MemberChamberStateTypeAmountTradedFiled
Cleo FieldsHouseLA06▼ Sell$50K - $100K2025-07-282025-08-06
Cleo FieldsHouseLA06▲ Buy$1K - $15K2025-07-162025-08-06
View full congressional trading history →

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