₿$70,744.08▼ 2.96%
BitMine Immersion Technologies, Inc.
BMNR🇺🇸Reserve
U.S.-based digital asset technology company originally focused on BTC mining with immersion cooling. Pivoted in mid-2025 to an ETH treasury strategy, becoming the world's largest institutional ETH holder ($10B+). Maintains a small BTC position alongside its primary ETH holdings.
BTC Holdings
198 BTC
180d
Stock Price
$21.28
180d
Total financing
0.00 USD
Insufficient history
mNAV
621.48x
180d
Leverage
0.0%
180d
Amplification
0.0%
180d
BTC Credit
0 bps>10x
Sats/Share
48
180d
Mkt cap
8.71B USD
Shares
409.08M
Fiat reserve
864.00M USD
Total reserve
878.01M USD
Dilution
0.0%
Analytics
Financials
US-GAAPQuarterlyAs of 2025-11-30
Balance Sheet
Total Assets$11.5B▲138873.3%
Total Liabilities$235.7M▲4275.4%
Stockholders' Equity$11.3B▲390855.7%
Cash & Equivalents$887.7M▲60142.8%
Total Debt—
Digital Assets$10.6B▲6072825.4%
Income Statement
Revenue$2.3M▲11.8%
Operating Income$-5.5B▼1168885.7%
Net Income$-5.2B▼835547.5%
Interest Expense—
Cash Flow
Operating Cash Flow$-228.4M▼16818.7%
Instruments
Total
0.00 USD
| Instrument | Term | Price | Dividend | Yield | Notional | Shares |
|---|---|---|---|---|---|---|
| Total | 0.00 USD | |||||
Recent Changes
Sun, Apr 5, 2026
BTC Holdings
197→198+1 BTC(+0.5%)
Form 8-K (ETH & BTC holdings update)
Fiat Reserve
961.0M→864.0M-97.0M(-10.1%)USD
Form 8-K (ETH & BTC holdings update)
Sun, Mar 29, 2026
BTC Holdings
196→197+1 BTC(+0.5%)
Form 8-K (weekly crypto holdings update)
Fiat Reserve
887.7M→961.0M+73.3M(+8.3%)USD
Form 8-K (weekly crypto holdings update)
Tue, Mar 24, 2026
Shares Outstanding
408.6M→409.1M+501.5K(+0.1%)
501,545 shares issued to Pier Two sellers at $20.9346/share ($10.5M stock consideration)
Form 8-K (Pier Two acquisition)Sun, Mar 22, 2026
BTC Holdings
193→196+3 BTC(+1.6%)
Form 8-K (weekly crypto holdings update)
Mon, Feb 23, 2026
BTC Holdings
192→193+1 BTC(+0.5%)
BTC Holdings Tracker
Sun, Nov 30, 2025
Shares Outstanding
234.7M→408.6M+173.9M(+74.1%)
Form 10-Q (Q1 FY2026)
Fiat Reserve
512.0M→887.7M+375.7M(+73.4%)USD
Form 10-Q (Q1 FY2026)