BitMine Immersion Technologies Inc (BMNR)
NYSEFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
$24.97-5.60%
Close 2026-09-04 · 1-day change
NYSEFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
QuarterlyIQ Insights · BMNR
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue weekly ETH acquisitions to reach 5% of total ETH supply as primary treasury reserve asset by end of 2026.
Stated as a priority in 4 of last 4 quarters. Bitmine progressed from 82% to 98% of the way to the 'Alchemy of 5%' ETH acquisition goal between 2026-Q2 and 2026-Q3, owning about 4.8% to 4.9% of total ETH supply. Management has reiterated weekly ETH purchases since June 2025, delivering steady progress toward the 5% target.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Financials names rated weak grew net income 57% of the time over the next year (vs 60% for the rest of the cohort, n=7680).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Bitmine is 96% of the way to the 'Alchemy of 5%' in just 12 months”
“Bitmine is 98% of the way to the 'Alchemy of 5%' in just 15 months”
“Bitmine is 82% of the way to the 'Alchemy of 5%' in just 9 months”
“Bitmine is 80% of the way to the 'Alchemy of 5%' in just 6 months”
Grow MAVAN institutional staking platform and increase annualized ETH staking rewards and revenues.
Stated as a priority in 4 of last 4 quarters. Projected ETH staking rewards increased from $290 million in 2026-Q1 to $396 million in 2026-Q3, while annualized staking revenues rose from $221 million to $340 million. MAVAN platform expansion to institutional clients is ongoing, indicating delivering progress on staking growth.
“Projected ETH staking reward is $396 million annually; annualized staking revenues projected at $340 million”
“MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners”
“Projected ETH staking reward is $330 million annually; annualized staking revenues are $221 million”
“Projected ETH staking reward is $290 million on an annualized basis; current projected annualized staking revenues approximately $247 million”
Continue executing the authorized $4 billion share repurchase program to retire common shares accretively.
Stated as a priority in 2 of last 2 quarters. Management executed repurchases of 5.5 million shares under the authorized $4 billion program by 2026-Q3. The program was increased from $1 million to $4 billion in 2026-Q2. Execution is underway, delivering on the repurchase commitment.
“Bitmine repurchased 5.5 million common stock in the past week, authorized under the previously announced $4 billion share repurchase program”
“Board authorized increase in share repurchase program from $1 million to $4 billion”
Utilize regulatory initiatives like the GENIUS Act and SEC Project Crypto to drive transformation in financial services.
Stated as a priority in 4 of last 4 quarters. Management consistently highlights the GENIUS Act and SEC Project Crypto as transformational regulatory initiatives comparable to the 1971 end of Bretton Woods. This priority remains a persistent focus, with limited direct financial metrics but strategic importance.
“GENIUS Act and SEC Project Crypto are as transformational to financial services as the 1971 end of Bretton Woods”
“Management believes GENIUS Act and SEC Project Crypto are transformational to financial services”
“Management believes GENIUS Act and SEC Project Crypto are transformational to financial services”
“Management believes GENIUS Act and SEC Project Crypto are transformational to financial services”
Engage in mergers and acquisitions to grow and diversify the company's blockchain infrastructure and digital asset capabilities.
Stated as a priority in 2 of last 2 quarters. Management completed acquisitions and entered into agreements in 2026-Q1 to expand business. While financial impact is not detailed, the activity indicates ongoing pursuit of M&A to grow capabilities.
“Entered into Share Purchase Agreement with Pier Two Holdings Pty Ltd”
“Completed acquisition or disposition of assets”
Over the trailing year it converted 0.04x of net income into operating cash flow.
Not enough signal yet.
Not enough signal to read sensitivity to the US dollar, the broad stock market, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
35 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Financials names rated volatile grew net income 59% of the time over the next year (vs 56% for the rest of the cohort, n=2797).
Not investment advice. As of 2026-09-04.