Stock Ratings / Financials / BMNR / options

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BitMine Immersion Technologies Inc. (BMNR) Options Positioning, Max Pain & Unusual Sweeps

$20.18 -6.83% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $19.89

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.

📊 Historical Track Record Warning: Scores below 50 (45/100 · D) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE D • SELL / AVOID Cap $13.07B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is BMNR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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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.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does BMNR compare to ARCC and TRU in the Financials sector?

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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).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for BMNR?

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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.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $19.89 (-1.42%)🧬 Dilution Drag (+1.36% YoY Shares)⚙️ Cash Engine: 5/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (45/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-6.3% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE-5.8% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for BMNR)Realized 20D OHLCV Swing Band: ±11.3%

Deterministic 5-Pillar Attribution (45/100 Composite)

🔍 WHY BMNR SCORES 45/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (29% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 5/9

▲ #2 Bullish Driver: Macro Regime Fit+12/20 pts (27% of score)

FRED Regime × Technicals: 23% of 52W Range • RSI-14 at 44.3 (NEUTRAL RANGE)

▼ #1 Drag / Risk Factor: Cash Engine Quality5/20 pts (-15 pt drag)

Capital intensity & 52% operating margin leave 15 pts on the table

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C-$23.49-2.9% Next Q

Q2 (-2Q)

Grade C-$22.82-5.3% Next Q

Q3 (-1Q)

Grade D$21.62-6.7% Next Q

Current

Grade D$20.18-6.3% Hist 90D α

Trajectory: C- (53) → D (45)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a BMNR Turnaround Squeeze

Gideon Ashmere Forensic Desk →

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.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Financials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($24.38) and Max Pain ($21.19) forces dealer call-delta covering toward $47.12.

🚀 Contrarian Squeeze Trigger #3

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.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $BMNR• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “BMNR Beats Next Quarter EPS Consensus (Nov 29, 2026) & Holds Above 200D SMA”

YES 45%NO 55%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±11.3%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (BMNR)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for BMNR.

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BMNR)

✓Walkthrough of BMNR's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
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BMNR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -11.45%🛡️ HOLDING TREND SUPPORT

2026-11-02O $22.05H $22.05L $20.18C $20.18VOL 24.25M

RES: $30.56SUP: $19.76SMA50: $24.38SMA200: $20.85

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BMNR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 BMNR Butterfly Map → + Track BMNR →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

28.7%/yr Implied 5Y Growth

vs. +84.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on BMNR today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BMNR. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for BMNR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BMNR)

Financials Rank #810 of 1096 ⚔️ ARCC vs BMNR Full Matrix →

1. Head-to-Head Financials Peer Comparison (BMNR vs. ARCC, TRU, CHYM, IREN)

Industry: Finance: Consumer Services (156 Tracked Issuers)

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 →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-08-31 • CIK 0001829311

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

3. BMNR Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is BMNR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does BMNR compare to ARCC and TRU in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for BMNR?

Where is BMNR trading relative to its 50-day, 200-day, and 52-week technical levels?

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).

BMNR Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

What is BMNR's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for BMNR.

Direct Sub-Reports: BMNR RQD Cockpit BMNR 12M Forecast BMNR Earnings & Move BMNR Dividends & DRIP BMNR Insiders & 13F BMNR Whale Options BMNR Profit Sankey BMNR News & Why

ROARABLE RATING BRIEF • RQD 45/100 (D) ✓ STAGE-C NUMBER FIREWALL VERIFIED

BMNR — BitMine Immersion Technologies Inc.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:15:18Z

Roarable Rating Brief: What This Means to a Prospective Investor

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.

Snapshot

Price	Market Cap	P/E (TTM)	Forward P/E	EV/EBITDA	EPS (TTM)	Dividend Yield	Beta	52-Wk Range	ROIC %
21.66	$13.07B	37.5	31.5	27.6	0.58	0%	1.01	$12.8 - $44.88	3.4%

Business

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.

Financial Trend

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.

Recent Catalysts & News Wire Analysis

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.

Open Questions

What explains the gap between FY 2025 net income of $348.6M and FCF of $-5.2M given revenue of $6.1M?
What is the source and composition of the $887.7M cash balance, and how does it relate to the $106.1M debt?
Why is FY 2023 debt reported at $1681.6M while FY 2023 cash is N/A?
What is the company's actual revenue model within Finance: Consumer Services, and what drives the Ethereum-related narrative?
What is the institutional and insider holding structure, which the holders section leaves unavailable?

BMNR Live News Feed, Press Releases & Catalyst Wire

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

💬 Jump to BMNR Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 7h ago

Bitmine Immersion Technologies (BMNR) Builds Its Ethereum Stash, Is The Stock Undervalued?

Yahoo Finance report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Yahoo Finance • 10h ago

Bitmine Immersion Technologies (BMNR) Stock May Still Be A Bargain Despite AI Crypto Focus

Yahoo Finance report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Stocktwits • 13h ago

BMNR Stock Gains Alongside Ethereum After Tom Lee's BitMine Makes One Of Its Smallest Ethereum Purchases Ever

Stocktwits report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Schaeffer's Investment Research • 16h ago

Bitmine Stock Pullback Creates Prime Entry Point for Bulls

Schaeffer's Investment Research report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Investing.com • 19h ago

Cantor Fitzgerald reiterates Bitmine Immersion stock Overweight rating

Investing.com report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Benzinga • 22h ago

Why Is Bitmine Stock Surging on Tuesday? - BitMine Immersion (NYSE:BMNR)

Benzinga report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST The Motley Fool • 1d ago

Tom Lee's Bitmine Is Buying Ethereum Hand Over Fist. Is the Long-Awaited Crypto Bull Market Finally Here?

The Motley Fool report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH GuruFocus • 1d ago

BitMine Immersion Technologies Inc (BMNR) Shares Fall 5.9% -- Wh

GuruFocus report covering BitMine Immersion Technologies Inc. (BMNR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

BMNR Bull vs. Bear Conversation Board — What's Your Call at $20.18?

🐂 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON BMNR 🐻 67% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk 🐻 BEARISH 🎯 Target: $19.06 (-12.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is BMNR (D • RQD 45/100) a Buy at $21.66?

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.

RE RedlineAuditor Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $16.46 (-24.0%)

Spot @ $21.66

Pump the brakes on BMNR — check the valuation vs. margin headwinds

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.

SI SiliconVal_Bull Verified K Arena Trader 🐂 BULLISH 🎯 Target: $27.51 (+27.0%)

Spot @ $21.66

BMNR cash flow & RQD setup is being underpriced by the Street here

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.