BitMine Immersion Technologies Inc. (BMNR) Stock

Technical Score (1D)

BULLISH

News Sentiment

MIXED

On Oct 5, Bitmine Immersion Technologies announced that it had purchased an additional 15,112 Ethereum tokens, bringing its total holdings to 6,016,414 ETH, which represents about 4.9 % of the total supply. The purchase, valued at roughly $41 million, was reported by Chairman Tom Lee, who highlighted the strength of the crypto bull market and the company’s focus on staking to generate a 2.63 % annualized yield and $363 million in staking income. The acquisition moved Bitmine closer to its stated target of owning 5 % of Ethereum’s circulating supply, reaching 99 % of that goal. In the same announcement, the company disclosed that its overall treasury, including cash and marketable securities, totaled $17.4 billion, reinforcing its liquidity position. Bitmine also revealed ownership of 214 Bitcoin, stakes in Beast Industries and Eightco, and a cash and securities balance of $643 million, further strengthening its crypto asset base. The news was reported by multiple outlets on Oct 5, all noting the strategic emphasis on digital assets and the potential for future revenue streams.

BMNR|Analyst Targets

LOW TARGET

$34 +29.8%

2 analysts

MEAN TARGET

$46 +75.1%

3 analysts

HIGH TARGET

$64 +142.8%

5 analysts

PRICE RANGE

$34.00 - $63.60

SB / B / H / S / SS

2/5/1/1/1

DAILYIQ EST.

$49.12 (+87.5%)

BMNR|Insider Trading

Bought (1Y)

0 shares

Sold (1Y)

0 shares

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

BMNR|Fundamentals

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%

BMNR|Earnings Snapshot

EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q4'25	-	-	-
Q3'25	$-0.10	$16.01	+16110.0%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q4'25	$60M	-	-
Q3'25	-	$1M	-

Full Earnings BreakdownEstimates, actuals, guidance, and historical context

→

BMNR|Monthly Returns

Market Data

BMNR Stock Snapshot

BULLISH82/100

$26.34+$0.14 (0.5%)

Market cap: 16.16B
P/E ratio: 46.4
Day range: $25.82 – $27.15
News sentiment: 51/100 · Neutral
Analyst target: $45.87 (+74.1%)
Consensus: Buy · 10 analysts

52-week range+105.9% off low · -59.8% from high

$12.79$65.60

Price $26.34 DailyIQ Est. $49.12

The signal on BMNR is bullish: price action is confirming the underlying trend, not fighting it. 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: 9

Options Market

What is the options market pricing for BMNR?

CallsPuts

For BitMine Immersion Technologies Inc.'s nearest expiry (2026-10-09, 3 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.83), with at-the-money implied volatility around 63.1%. The options market is pricing roughly a ±5.6% move by that expiry — a range of about $25.15–$28.16.

Put/call ratio (2026-10-09): 0.83
ATM implied volatility: 63.1%
Total open interest: 82,580
Expected move by 2026-10-09: ±5.6% ($25.15–$28.16)

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

Date	Firm	Action	Rating	Price target
Sep 22, 2026	B. Riley Securities	Maintained	Buy	$30 → $34
Sep 10, 2026	Cantor Fitzgerald	Maintained	Overweight	$31 → $64
Sep 3, 2026	B. Riley Securities	Maintained	Buy	$25 → $30
Jul 16, 2026	B. Riley Securities	Maintained	Buy	$33 → $25
Jul 1, 2026	Cantor Fitzgerald	Maintained	Overweight	$39 → $30
Feb 23, 2026	B. Riley Securities	Maintained	Buy	$47 → $30
Nov 20, 2025	B. Riley Securities	Maintained	Buy	$90 → $47
Oct 16, 2025	B. Riley Securities	Initiated	Buy	$90

Held by These ETFs

BMNR is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.

News Sentiment Analysis

Sentiment gathered from recent headlines

51/100

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’ stock slipped roughly 3% in the first nine months of 2026, trailing its 10% decline in Ethereum. The company’s Ethereum treasury carried an estimated $3.6 billion unrealized loss, eroding the value of its holdings. Despite a 21 million‑share buyback and continued ETH accumulation, the treasury remained heavily exposed to the cryptocurrency’s price movements. The loss weighed on investor sentiment and highlighted the risk of holding large amounts of ETH in the company’s balance sheet.

What did this article say?

Bitmine Immersion Technologies announced on October 5 that it holds more than six million Ethereum tokens, representing roughly 4.9% of the total supply. The company also disclosed ownership of 214 Bitcoin, stakes in Beast Industries and Eightco (ORBS), and a cash and marketable securities balance of $643 million. The sizable Ethereum position strengthens BMNR’s crypto asset base and may support future revenue streams. The announcement signals a strategic focus on digital assets but does not indicate an immediate earnings impact.

What did this article say?

BitMine Immersion Technologies increased its Ethereum holdings by 15,112 tokens, worth approximately $41 million, bringing total holdings to 6.02 million ETH or 4.9% of the network. The purchase marked the company’s fourth consecutive week of buying and its smallest weekly acquisition since mid‑August. Chairman Tom Lee highlighted the ongoing crypto bull market and the company’s progress toward its 5% “Alchemy” goal, which is now 99% complete. The transaction contributed to a modest 2% rise in BMNR stock during midday trading on Monday.

What did this article say?

BitMine Immersion Technologies announced a purchase of 15,112 ETH worth $41 million, raising its holdings to 6,016,414 ETH—4.9% of the total supply and 99% of its 5% target. Chairman Tom Lee emphasized the strength of the crypto bull market and highlighted Ethereum's outperformance relative to the S&P 500. The company’s total treasury, including cash and other assets, reached $17.4 billion. The acquisition reinforced BitMine’s strategy to dominate a significant share of Ethereum’s circulating supply.

What did this article say?

On October 5, BitMine Immersion Technologies purchased an additional 15,112 Ethereum, increasing its total holdings to 6,016,414 ETH valued at $16.33 billion. The acquisition brought the company closer to its objective of owning 5% of Ethereum’s circulating supply, now at 4.9%. Chairman Tom Lee noted the strengthening Ethereum price and the company's staking strategy, projecting an annualized yield of 2.63% and $363 million in staking income.

What did this article say?

Bitmine Immersion Technologies Inc. (BMNR) reported a 98.57 percent share price increase in the third quarter, ranking it third among the period’s top performers. The rally was largely fueled by the company’s substantial Ethereum holdings, which rose to 6.001 million ETH—up 5 percent from the second quarter—valued at $16.2 million. Chairman Thomas Lee highlighted the strategic advantage of owning nearly 5 percent of total ETH supply, citing anticipated synergies and network effects. The company’s optimism about continued Ethereum price appreciation underpinned the investment strategy. This performance signals a significant upside for BMNR investors, reflecting a confirmed material gain driven by crypto asset accumulation.

What did this article say?

Tom Lee noted that AI agents and tokenization could drive a new crypto bull cycle, and BMNR’s stock had a Golden Cross. The technical pattern indicated bullish momentum for the company. The observation was framed as a potential catalyst for future price movement.

What did this article say?

Bitmine Immersion Technologies (BMNR) benefited from a resurgence in Ethereum prices, with the company holding 6 million ETH and generating over $100 million in quarterly staking revenue. The MAVAN validator network positions BMNR to expand institutional staking services, potentially increasing its operating premium. Analysts noted that BMNR’s stock remains roughly 50 % below its year‑highs, suggesting upside potential as the crypto asset appreciates.

What did this article say?

Analyst downgraded Bitmine Immersion Technologies, Inc. (BMNR) to neutral after noting a sharp decline in ETH holdings and the cessation of buybacks that had begun in July and August. The company’s ETH treasury has shrunk to roughly one-tenth of its previous level, and the mismatch between high coupon payouts and lower staking income has increased risk. With BMNR approaching 5% of the total ETH supply, the analyst expects a strategic pivot toward a broader holdings model and advises against new positions.

What did this article say?

BMNR closed at $26.73 on September 30, following a record $350 million share buyback that marked the largest in the crypto sector. The 50‑day moving average surpassed the 200‑day average for the first time since June, creating a golden cross that traders view as a bullish technical signal. Despite the rally, the stock remained 59% below its 52‑week high of $65.60, indicating a cautious upside trajectory. The company’s substantial Ethereum holdings, now over 6 million tokens, continue to support its strategic pivot toward crypto assets. Overall, the combination of a significant buyback and a favorable technical pattern suggests a moderate positive outlook for BMNR’s share price.

Technical Analysis

Real-time indicators across multiple timeframes

BULLISH

Technical indicators reflect the latest computed signal mix for this timeframe.

Unlock full technicals

Create a free account to access more indicators and deeper timeframe data.

Congressional Trading Activity

2 disclosed trades · ~$83.0K est. traded value · 1 buys, 1 sells

Member	Chamber	State	Type	Amount	Traded	Filed
Cleo Fields	House	LA06	▼ Sell	$50K - $100K	2025-07-28	2025-08-06
Cleo Fields	House	LA06	▲ Buy	$1K - $15K	2025-07-16	2025-08-06

BMNR·BitMine Immersion Technologies Inc.

EPS

Revenue

BMNR Stock Snapshot

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

What is the options market pricing for BMNR?

Are analysts turning bullish or bearish on BMNR?

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Market Status

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News

BMNR·BitMine Immersion Technologies Inc.

EPS

Revenue

BMNR Stock Snapshot

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

What is the options market pricing for BMNR?

Are analysts turning bullish or bearish on BMNR?

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

Market Status

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News