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
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -59.7% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 100.0% |
Growth built into the price is above our model estimate.
The price assumes 159.7 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Elevated risk of a next-quarter earnings miss: this name has been missing across recent quarters and is on a run of consecutive earnings misses. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 28 industry peers
BMNR — dividend update
Dated 2026-06-18
Regulation FD Disclosure. On June 18, 2026, Bitmine Immersion Technologies, Inc. (the “ Company ”) issued a press release announcing a cash dividend to holders of the 9.50% Series A Perpetual Preferred Stock of $0.1056 per share (the “ Press Release ”). The record date for the dividend is June 30, 2026, and the payment date is July 10, 2026. A copy of the Press Release is attached as Exhibit 99.1 and is incorporated herein by reference. The information under this Item 7.01, including Exhibit…
Why it matters: News about MAVAN's growth may mean more ETH staking money. This could help make more profit.
Supportive ifManagement shares news of new partnerships or more staked ETH on MAVAN.
Worry ifNo new partnerships or declines in staked ETH on MAVAN.
Why it matters: Reaching this revenue target shows strong growth in staking. It confirms management's strategy is working.
Supportive ifStaking revenues are above $220 million each year.
Worry ifStaking revenues are below $200 million each year.
Why it matters: New M&A activity can show growth. It means management is seeking chances.
Supportive ifAnnouncement of new M&A deals or partnerships.
Worry ifNo new M&A news or a stop in buying activity.
Why it matters: Higher losses may show bigger problems with making money. This raises worries about finances.
Worry ifOperating losses are worse than $4 billion.
Less concerning ifOperating losses are less than $3 billion.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$354 on $10,000 · ±3.5% | How much price usually moves either way. |
| Bad day | $1,014 loss on $10,000 · 10.1% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $7,894 loss on $10,000 · 78.9% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: More staking revenues show good use of the MAVAN platform. There is strong demand for staking.
Supportive ifAnnual staking revenues are over $257 million. This shows strong growth in staking operations.
Worry ifAnnual staking revenues are below $221 million. This shows weaker performance.
Why it matters: A good buyback program shows that management trusts the company's value and future.
Supportive ifBitmine has bought back over 20 million shares in the $4 billion program.
Worry ifBitmine fails to repurchase shares or reduces the buyback program.
Why it matters: Progress on the GENIUS Act could affect Bitmine's operations. It may change market conditions for digital assets.
Watch forThe GENIUS Act passes important legislative steps. This leads to positive reactions in the market.
Also watch forThe GENIUS Act faces big delays or setbacks. This causes negative feelings in the market.
Why it matters: Higher staking revenues show that Bitmine is managing its ETH assets well. It also shows growth in its staking platform.
Supportive ifETH staking revenues are now more than $291 million each year.
Worry ifETH staking revenues have fallen below $247 million each year.
Why it matters: Steady revenue growth shows that management is working to increase sales. This may boost investor confidence.
Supportive ifQ3 revenue growth reported above 10% year over year.
Worry ifQ3 revenue growth reported below 5% year over year.
Why it matters: ETH's price changes can greatly affect Bitmine's value and how investors feel.
Watch forETH price increases by more than 30% in the following month.
Also watch forETH price declines or fails to maintain recent gains.
Why it matters: Finishing the buyback program shows strong capital use and trust in the stock.
Supportive ifTotal shares bought back reach $4 billion.
Worry ifRepurchase activity slows down a lot or stops.
Why it matters: A reduction in operating losses would show progress in cost management. This could improve overall financial health.
Supportive ifOperating losses decrease to less than -$3 billion in Q3.
Worry ifOperating losses remain at -$3 billion or worse in Q3.
Why it matters: A confirmed buyback program shows management cares about giving value to shareholders. It may help the stock price.
Supportive ifAn official announcement of a share buyback program with a set dollar amount.
Worry ifNo announcement of a buyback program by the end of Q3 2026.
Why it matters: Achieving this target shows progress towards the goal of owning 5% of total ETH supply. It confirms Bitmine's commitment to its ETH acquisition strategy.
Supportive ifBitmine announces ETH holdings reaching 5.90 million tokens or more.
Worry ifETH holdings remain below 5.85 million tokens.
Why it matters: This shows strong growth in staking. It also supports the MAVAN platform's growth.
Supportive ifBitmine reports ETH staking revenues of $396 million or more.
Worry ifStaking revenues fall below $340 million.
Why it matters: The result could affect rules for crypto. This is important for Bitmine's growth.
Watch forThe CLARITY Act passes in the vote.
Also watch forThe CLARITY Act fails to pass.