BitMine Immersion Technologies Inc. (BMNR) carries a Roarable Rating of D (Sell) with 45/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-02, BitMine Immersion Technologies Inc. (NYSE: BMNR) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 45/100 at a spot price of $20.18 (-6.83% 1D, market cap $13.07B). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 8/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 12/20, and SEC Balance-Sheet Forensics 7/20. Across 1096 tracked Financials issuers, BMNR ranks #810 in composite RQD confidence.
Within the Financials sector (Finance: Consumer Services), BMNR carries a Roarable D (45/100 RQD), trailing P/E of 37.5x, gross margin of —, and ROIC of 3.4%. By comparison, ARCC (Ares Capital Corporation) holds a D grade (51/100 RQD, P/E 10.6x, ROIC 6.0%, cap $13.81B) and TRU (TransUnion) posts a C grade (64/100 RQD, P/E 31.6x, ROIC 8.0%, cap $14.40B). Among the 5-stock peer group, ARCC leads on earnings multiple (10.6x) while TRU leads on capital efficiency (8.0% ROIC).
Per BMNR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-08-31, CIK 0001829311), BitMine Immersion Technologies Inc. generated $6.1M in revenue (+84.1% YoY), $348.6M in net income, and -$5.2M in free cash flow against $11.49B in total assets and $106.1M in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 5/9
FRED Regime × Technicals: 23% of 52W Range • RSI-14 at 44.3 (NEUTRAL RANGE)
Capital intensity & 52% operating margin leave 15 pts on the table
While BMNR currently carries a cautious 45/100 (D) rating due to Cash Engine Quality (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Financials with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($24.38) and Max Pain ($21.19) forces dealer call-delta covering toward $47.12.
Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.36% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
BitMine Immersion Technologies Inc. (BMNR) dropped -6.83% to $20.18, trading at 23% of its 52-week range ($12.8 – $44.88). Stretched risk/reward at 38x P/E (3% return on capital) under elevated 10-year interest-rate pressure.
Yahoo Finance report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
Stocktwits report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
Schaeffer's Investment Research report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
Investing.com report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
Benzinga report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
The Motley Fool report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
GuruFocus report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
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Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company"), a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +84.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on BMNR today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for BMNR. Explore sector supply chains on /butterfly.
Across 1096 tracked Financials securities in the Roarable RQD universe, BitMine Immersion Technologies Inc. (BMNR) ranks #810 by composite RQD confidence (45/100, grade D) and #157 by equity capitalization ($13.07B). Within this direct 5-issuer industry benchmark cohort, ARCC leads on earnings valuation at 10.6x trailing P/E, while TRU leads on capital efficiency and profitability with 8.0% ROIC and — gross margin. TRU currently holds the highest overall quantitative score in the immediate peer group at 64/100 (C) compared with BMNR at 45/100 (D).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| BMNR
ACTIVE
BitMine Immersion Technologies Inc. | D | 45/100 | 37.5x | — | 3.4% | -6.83% | $13.07B | Benchmark Subject |
| ARCC Ares Capital Corporation | D | 51/100 | 10.6x | — | 6.0% | -0.05% | $13.81B | /arcc-vs-bmnr → |
| TRU TransUnion | C | 64/100 | 31.6x | — | 8.0% | +1.72% | $14.40B | /tru-vs-bmnr → |
| CHYM Chime Financial Inc. | D- | 42/100 | — | — | -35.0% | -3.19% | $10.93B | /chym-vs-bmnr → |
| IREN IREN Limited | E | 34/100 | 122.1x | — | 1.2% | -8.76% | $10.62B | /iren-vs-bmnr → |
In its most recent audited fiscal period (FY2025, filed 2025-08-31), BitMine Immersion Technologies Inc. (BMNR) reported GAAP revenue of $6.1M (+84.1% vs. FY2024 revenue of $3.3M , and +844.6% cumulative change since FY2023) , GAAP net income of $348.6M, operating cash flow of -$4.1M, and free cash flow of -$5.2M (-4818.9% YoY). On the balance sheet, BMNR closed FY2025 with $11.49B in total assets against $106.1M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-08-31 | $6.1M | $348.6M | -$4.1M | -$5.2M | $11.49B | $106.1M |
| FY2024 (FY) | 2024-08-31 | $3.3M | -$3.3M | -$30.0K | -$106.0K | $7.9M | $1.9M |
| FY2023 (FY) | 2023-08-31 | $645.3K | -$2.5M | -$809.7K | -$838.8K | $7.19B | $1.68B |
As of 2026-11-02, BitMine Immersion Technologies Inc. (NYSE: BMNR) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 45/100 at a spot price of $20.18 (-6.83% 1D, market cap $13.07B). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 8/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 12/20, and SEC Balance-Sheet Forensics 7/20. Across 1096 tracked Financials issuers, BMNR ranks #810 in composite RQD confidence.
Within the Financials sector (Finance: Consumer Services), BMNR carries a Roarable D (45/100 RQD), trailing P/E of 37.5x, gross margin of —, and ROIC of 3.4%. By comparison, ARCC (Ares Capital Corporation) holds a D grade (51/100 RQD, P/E 10.6x, ROIC 6.0%, cap $13.81B) and TRU (TransUnion) posts a C grade (64/100 RQD, P/E 31.6x, ROIC 8.0%, cap $14.40B). Among the 5-stock peer group, ARCC leads on earnings multiple (10.6x) while TRU leads on capital efficiency (8.0% ROIC).
Per BMNR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-08-31, CIK 0001829311), BitMine Immersion Technologies Inc. generated $6.1M in revenue (+84.1% YoY), $348.6M in net income, and -$5.2M in free cash flow against $11.49B in total assets and $106.1M in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
BMNR last traded at $20.18 (-6.83% on volume of 38,421,161 shares), positioning the stock -17.23% below its 50-day simple moving average ($24.38) and -3.21% below its 200-day simple moving average ($20.85). Across its 52-week range of $12.80 to $44.88, BMNR sits at the 23.0% percentile with a 14-day RSI of 44.3 (NEUTRAL RANGE) and an implied next-earnings move of ±11.3% ($17.90 to $22.46).
Why BMNR Stock dropped -6.83% Today — RQD Quant Desk Flash. Stretched risk/reward at 38x P/E (3% return on capital) under elevated 10-year interest-rate pressure.
Per the Roarable RQD rating, BMNR scores 45 out of 100, earning a letter grade of D and the verdict "Roarable Sell — Underperform / Distribution Warning." The five pillars are: Fundamental Cash Engine at 5/20 (ROIC 3.4%; FCF yield -0.04%), indicating weak cash generation relative to the valuation; Whale 13F Flow at 8/20 (institutional accumulation and options positioning), a weak institutional signal; Insider Conviction at 7/20 (SEC Form 4 and Congressional PTR cluster flow), a weak insider signal; Macro Regime Fit at 12/20 (Beta 1.01; sector sensitivity), a moderate-to-weak fit; and Forensic Balance Sheet at 13/20 (Altman Z 2.5; Piotroski F 5/9; Debt/Equity 0.5), the strongest pillar but still mid-range. For a prospective investor, the upside case rests on the balance sheet and recent news flow, while the valuation tradeoff is steep: the market data shows a P/E (TTM) of 37.5 and EV/EBITDA of 27.6 against a 3.4% ROIC and negative FCF yield, meaning the price depends heavily on future earnings expansion that the current cash engine does not yet demonstrate. Per the Roarable RQD rating, the overall profile is one where the weakest pillars (cash engine, insider and institutional flow) outweigh the balance-sheet strength.
BitMine Immersion Technologies Inc. is a NYSE-listed issuer classified under the Financials sector and the Finance: Consumer Services industry, per the company profile. Revenue per the SEC financials is $6.1M for FY 2025. Not available in source data for detailed product lines, customer segments, or monetization model.
| Period | Revenue | Operating Income | Net Income | EPS | FCF | Cash | Debt |
|---|---|---|---|---|---|---|---|
| FY 2025 | $6.1M | $444.2M | $348.6M | N/A | $-5.2M | $887.7M | $106.1M |
| FY 2024 | $3.3M | $-2.4M | $-3.3M | N/A | $-0.1M | $0.8M | $1.9M |
| FY 2023 | $0.6M | $-2.4M | $-2.5M | N/A | $-0.8M | N/A | $1681.6M |
Per the SEC financials, net income of $348.6M in FY 2025 sits far above revenue of $6.1M and operating income of $444.2M, while free cash flow remained negative at $-5.2M, a disconnect worth scrutinizing. Per the market data, operating margin is 75%, net margin 68%, and gross margin 0%, with ROIC at 3.4%. Per the Roarable RQD rating, the Altman Z-Score is 2.5 and the Piotroski F-Score is 5/9, with Debt/Equity at 0.5, a moderate forensic posture.
Per the recent news feed, six items reference BMNR: a Yahoo Finance piece on Ethereum accumulation and valuation (YELLOW, market wire); a Yahoo Finance piece on bargain positioning despite an AI-crypto focus (GREEN, catalyst); a Stocktwits report on a small Ethereum purchase (GREEN, catalyst); a Schaeffer's pullback-entry note (GREEN, catalyst); an Investing.com note that Cantor Fitzgerald reiterated an Overweight rating (YELLOW, market wire); and a Benzinga report on a Tuesday surge (YELLOW, market wire). Per the Butterfly Supply-Chain Graph, no supply-chain links or proprietary signals are present. Risk watch items: the Ethereum-linked narrative and the price range of $12.8 to $44.88 indicate high volatility sensitivity; the -1.77% daily move is noted.
Real-time company headlines, analyst actions, and sector developments for BitMine Immersion Technologies Inc. (BMNR) • Click "Debate This Headline" to argue it in the Roar Pit below
Yahoo Finance report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
Stocktwits report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
Schaeffer's Investment Research report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
Investing.com report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
Benzinga report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
The Motley Fool report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
GuruFocus report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.
Welcome to the BMNR (BitMine Immersion Technologies Inc.) Roar Pit. Current RQD Composite is 45/100 (Roarable Sell — Underperform / Distribution Warning) in Finance: Consumer Services. Bulls point to operating leverage and sector positioning, while bears focus on valuation multiple compression (37.5x trailing P/E). Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
Everyone in here is repeating the bull case on BMNR, but look at what you are paying: 37.5x trailing P/E with tightening sector spreads. Unless BitMine Immersion Technologies Inc. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
Looking at the 5-pillar RQD breakdown on BMNR, the market is fixating on short-term headline noise in Finance: Consumer Services and ignoring the balance sheet and cash flow trajectory. At $21.66 (52-wk range $12.80 - $44.88), any beat on forward guidance forces shorts and underweight funds to chase.
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