BitMine Immersion Technologies, Inc.

BMNR Financial Capital Markets

BitMine Immersion Technologies, Inc.’s revenue for fiscal 2025 (year ended August 2025) was $6.1 million, up 84.1% from fiscal 2024.

Revenue
+2,167.8%
EPS
+51.6%
Free cash flow
−126,594.8%

Quarter to May 2026, against a year earlier

18.69 0.31 −1.63%
Market cap
$11.5B
P/E
0.0×
Fwd P/E
−0.9×
Dividend yield
0.05%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

BitMine Immersion Technologies, Inc. 10-Q filed Jul 14, 2026

Fiscal Q3 2026 · Period ended May 31, 2026 · Filed · accepted 4:15 PM ET · Document on sec.gov · Filing index

Red flags

  • Material weakness

    BitMine Immersion Technologies, Inc.’s 10-Q reports a material weakness in internal control over financial reporting

    The material weaknesses will not be considered remediated until the relevant controls have operated for a sufficient period of time and management has concluded, through testing, that the controls are designed and operating effectively.

    10-Q filed · The filing · sec.gov

  • Share dilution

    Shares outstanding rose 13917.5% in a year, to 603.2 million

    10-Q filed · The filing · sec.gov

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Apr 14, 2026: 34 added · 39 removed · 36 modified; 11 with only figures updated; 1 moved without change

  1. Modified · Overview

    In June and July 2025, we strengthened our liquidity through an underwritten public offering of common stock, private placements, and the establishment of our at-the-market program permitting sales of up to $24,500,000 24.5 billion of our common stock from time to time (the “ATM Program”). As of February 28, 2026, $6,713,325 of sales capacity relating to the ATM Program are still available. We also uplisted our common stock to the NYSE American in June 2025 and subsequently uplisted our common stock to the New York Stock Exchange on April 9, 2026.