Expectations trend
FY2028 · fiscal year ending 2028-08-31 · fmp
BitMine Immersion Technologies Inc (BMNR)
NYSEFinancialsFinancial - Capital MarketsSnapshot 2026-11-05
$19.00-12.56%
Close 2026-11-05 · 1-day change
NYSEFinancialsFinancial - Capital MarketsSnapshot 2026-11-05
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
1.28 → 1.28 EPS · FY ending Aug 31, 2028 · 1 analyst
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 6, 2026 to Nov 5, 2026: (new ÷ prior − 1). Contributor count changed from 1 to 1; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for BMNR yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Execute $4 billion share buyback and manage preferred stock | A supporting condition in BitMine Immersion Technologies Inc's published investment case. The stated target is Maintain $4 billion buyback program and dividend payments. | Intact | Buyback program is canceled or dividend payments stop in FY26 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2028 · fiscal year ending 2028-08-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Nov 20, 2026
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a high-risk, loss-making growth and treasury expansion story, not a proven durable compounder. The long-term thesis is on watch, and confidence in the evidence has fallen from medium to low.
The valuation evidence is mixed: one measure says BMNR is cheap versus peers, while another shows a 34% premium, with a negative expectations gap. The supplied assessment labels expectations justified and fragility low, but does not explain the market’s specific assumptions, so the pricing picture is uncertain.
Near term, earnings risk is elevated: BMNR has missed across recent quarters, and the snapshot flags a 57% miss probability for the next quarter. Over the multi-year view, management has reported progress toward its ETH acquisition goal and expanded staking operations, but the financial contribution of those activities is not isolated; recent performance remains weak and management is rated volatile.
The thesis depends on reaching the 5% ETH acquisition goal and turning staking and MAVAN expansion into clear financial contributions. Near term, a guidance cut would add pressure, while sustained strength at sector bellwethers could support sector momentum; the evidence also flags rate cuts as a risk. The termination of a material agreement is another negative event, though its broader effects are not detailed.
For the next 1 to 3 years, BMNR has visible operating progress but lacks clear evidence that it is translating into durable financial strength. The thesis remains uncertain and depends on execution, earnings delivery, and sector conditions. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Reduce operating losses and improve net income |
| A primary condition in BitMine Immersion Technologies Inc's published investment case. The stated target is Operating income improves from -$3.84 billion toward positive levels. |
| Broken |
| operating income remains below -$3 billion over next 4 quarters |
Operating income: $-11.865M FY2026-Q3; GAAP. Published target: Operating income improves from -$3.84 billion toward positive levels. Target period is not explicitly aligned with this observation. Jul 14, 2026-11,865,000 USD · source valueLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Annualized staking revenues reach at least $220 million | BitMine aims to grow staking revenue to about $223 million in 2026. | Intact | annualized staking revenue falls below $220 million in FY26 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$0.49 → $1.28 · observed estimates
$0.44B → $0.99B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-09-01 | $0.49 | $441,700,000 | 1 / 1 |
| 2026-09-02 | $0.49 | $441,700,000 | 1 / 1 |
| 2026-09-03 | $0.49 | $441,700,000 | 1 / 1 |
| 2026-09-04 | $0.49 | $441,700,000 | 1 / 1 |
| 2026-09-05 | $0.19 | $441,700,000 | 1 / 1 |
| 2026-09-06 | $0.19 | $441,700,000 | 1 / 1 |
| 2026-09-07 | $0.19 | $441,700,000 | 1 / 1 |
| 2026-09-08 | $0.19 | $441,700,000 | 1 / 1 |
| 2026-09-09 | $0.19 | $441,700,000 | 1 / 1 |
| 2026-09-10 | $0.19 | $441,700,000 | 1 / 1 |
| 2026-09-11 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-12 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-13 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-14 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-15 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-16 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-17 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-18 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-19 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-20 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-21 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-22 | $1.25 | $993,700,000 | 1 / 1 |
| 2026-09-23 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-09-24 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-09-25 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-09-26 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-09-27 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-09-28 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-09-29 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-09-30 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-01 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-02 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-03 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-04 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-05 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-06 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-07 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-08 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-09 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-10 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-11 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-12 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-13 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-14 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-15 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-16 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-17 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-18 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-19 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-20 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-21 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-22 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-23 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-24 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-25 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-26 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-27 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-28 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-29 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-30 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-10-31 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-11-01 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-11-02 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-11-03 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-11-04 | $1.28 | $992,900,000 | 1 / 1 |
| 2026-11-05 | $1.28 | $992,900,000 | 1 / 1 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 3 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell
Recent actions · Oct 7–Nov 5 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 7, 2026–Nov 5, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.