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Home CompaniesBitMine Immersion Technologies, Inc.

BitMine Immersion Technologies, Inc.

Financial Services Capital Markets
PortfolioPortfolio WatchlistWatchlist
Company price
19.105 USD 1.02 ( 5.67%)
Last update at 2026-11-11T20:53:00Z
VOLUME
25209614
Market Cap
12112.78M

Momentum Score

…

Bitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States. The company engages in ETH treasury operations; BTC ecosystem services, including consulting and advisory engagements and equipment leasing; facilitation and optimization of third-party power and hosting arrangements; and disciplined BTC treasury management while winding down proprietary self-mining exposure and deferring new site buildouts. It also offers digital asset ecosystem services, including consulting/advisory, and disciplined digital asset treasury management. In addition, the company sells mining equipment to customers and related parties. The company was formerly known as Sandy Springs Holdings Inc. Bitmine Immersion Technologies, Inc. was incorporated in 2019 and is based in Las Vegas, Nevada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
18.11
Low
19.47
High
52 Week Price Range
3.20
Low
160.95
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

BitMine Immersion Technologies, Inc. appears to focus on immersion cooling hardware and services for high-density computing applications such as cryptocurrency mining and data centers, though public disclosures are limited. Long-term growth drivers could include rising demand for energy-efficient cooling as compute density increases and pressure to lower data-center energy use, and investors may find potential upside if the company commercializes scalable, cost-saving immersion solutions.
Primary risks include execution and financing challenges typical of early-stage or transition companies, exposure to cyclical cryptocurrency and data-center investment cycles, and significant competitive and regulatory pressures.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
18.08
Dividend Yield
0.04%
Revenue TTM
16.71M
Revenue Per Share
0.08
Gross Profit TTM
11.13M
Debt / Equity
0.40
ROE
-175.88%
Net Debt
-512.00M
ROCE
5.02%
Diluted EPS TTM
-7.44

Stock Analysis

View All

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-08-31 2024-08-31 2023-08-31 2022-08-31 2021-08-31
Type yearly yearly yearly yearly yearly
Date 2025-08-31 2024-08-31 2023-08-31 2022-08-31 2021-08-31
Income before tax 440.87M -3.29M - -2.01M -0.15M
Net income 348.58M -3.29M - -2.30M -0.15M
Selling general administrative 13.98M 1.23M - 1.08M 0.06M
Gross profit 0.31M 0.76M 645.28M 0.07M -
Reconciled depreciation 0.76M 0.92M - - -
Ebit 441.12M -3.02M - -1.71M -0.13M
Ebitda 441.88M -2.10M 645.28M -1.71M -0.13M
Depreciation and amortization 0.76M 0.92M - 0.00M -
Operating income 444.21M -2.45M 645.28M -1.71M -0.13M
Other operating expenses 438.12M 5.76M - 1.94M 0.13M
Interest expense 0.24M 0.27M - 0.29M 0.02M
Tax provision 92.30M 0.00M - - -
Interest income 0.00M 0.05M - - -
Net interest income -0.24M -0.21M - - -
Income tax expense 92.30M - - 0.29M -
Total revenue 6.09M 3.31M 645.28M 0.43M -
Total operating expenses -443.90M 3.21M - 1.59M 0.13M
Cost of revenue 5.79M 2.55M - 0.36M -
Total other income expense net -3.34M -0.85M - -0.29M -0.02M
Net income from continuing ops 348.58M -3.29M - - -
Net income applicable to common shares - - - -2.01M -0.15M
Breakdown 2025-08-31 2024-08-31 2023-08-31 2022-08-31 2021-08-31
Type yearly yearly yearly yearly yearly
Date 2025-08-31 2024-08-31 2023-08-31 2022-08-31 2021-08-31
Total assets 8795.05M 7.28M 8202.81M 7.97M 0.65M
Intangible assets 8281.53M - - - -
Other current assets 0.50M 0.67M 479.44M 0.50M -
Total liab 102.26M 3.20M 1945.44M 0.57M 0.29M
Total stockholder equity 8692.80M 4.09M 6257.36M 7.40M 0.36M
Other current liab 8.89M 1.02M 1472.36M -0.00M 0.28M
Common stock 0.02M 0.00M 4.97M 0.00M 0.00M
Capital stock 0.02M 0.01M - - -
Retained earnings 337.39M -8.22M -4931.37M -2.47M -0.46M
Other liab - - - 0.25M 0.00M
Other assets - - - 0.55M -
Cash 512.00M 0.50M 270.55M 0.39M 0.22M
Total current liabilities 9.96M 3.13M 1558.56M 0.32M 0.29M
Current deferred revenue 1.07M 0.09M 86.19M 0.23M -
Net debt -512.00M 1.13M -270.55M -0.39M -0.22M
Short term debt - 1.62M - - -
Short long term debt - 1.62M - - -
Short long term debt total - 1.62M - - -
Other stockholder equity 8355.38M 12.31M 11183.76M 9.87M 0.82M
Property plant equipment - - - 6.53M 0.43M
Total current assets 513.01M 1.55M 749.99M 0.89M 0.22M
Long term investments - 0.67M - - -
Net tangible assets - - - 7.40M 0.36M
Net receivables 0.51M 0.37M - 0.49M -
Accounts payable - 0.40M - 0.08M 0.00M
Accumulated other comprehensive income - - -0.04M -0.00M -
Non currrent assets other 8281.53M 0.30M 6957.11M 7.06M -
Non current assets total 8282.05M 5.74M 7452.81M 7.09M 0.43M
Breakdown 2025-08-31 2024-08-31 2023-08-31 2022-08-31 2021-08-31
Type yearly yearly yearly yearly yearly
Date 2025-08-31 2024-08-31 2023-08-31 2022-08-31 2021-08-31
Investments -7432.01M -0.07M -0.61M - -
Change to liabilities - - - 0.57M 0.00M
Total cashflows from investing activities -7432.01M -0.07M -0.61M -6.11M -0.43M
Net borrowings -0.62M 0.33M 1.30M 2.76M 0.23M
Total cash from financing activities 7947.66M 0.33M 1.30M 7.91M 0.72M
Change to operating activities - - - -1.05M 0.00M
Net income 328.16M -3.29M -2.46M -2.01M -0.15M
Change in cash 511.50M 0.23M -0.12M 0.17M 0.22M
Begin period cash flow 0.50M 0.27M 0.39M 0.22M 0.00M
End period cash flow 512.00M 0.50M 0.27M 0.39M 0.22M
Total cash from operating activities -4.15M -0.03M -0.81M -1.63M -0.08M
Issuance of capital stock 7948.28M 0.00M 0.00M - -
Depreciation 0.76M 0.92M 0.47M 0.00M 0.00M
Other cashflows from investing activities 0.01M 0.01M - - -
Dividends paid 2.96M - - - -
Change to account receivables 0.37M 0.37M - - -
Other cashflows from financing activities 0.23M 0.33M - 7.91M 0.72M
Change to netincome - - - 0.86M 0.07M
Capital expenditures 1.06M 0.08M 0.61M 6.11M 0.43M
Change in working capital 98.87M 0.79M -0.26M -0.48M 0.00M
Stock based compensation 2.42M 1.12M 1.32M 0.86M 0.07M
Other non cash items -526.66M 0.43M 0.12M - 0.00M
Free cash flow -5.21M -0.10M -1.42M -7.74M -0.50M

Peer Comparison*

Sector: Financial Services Industry: Capital Markets

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
BMNR
BitMine Immersion Technologies, Inc.		 1.02
5.67%		 19.11 - - 724.80 1.23 672.24 32.14
GS
Goldman Sachs Group Inc		 16.62
1.83%		 926.81 17.21 16.00 4.47 2.26 11.15 -
SCHW
Charles Schwab Corp		 -0.25
0.27%		 92.78 19.53 13.89 7.16 4.22 8.80 -
MS
Morgan Stanley		 2.95
1.57%		 190.51 16.50 13.76 2.80 1.65 - -
IBKR
Interactive Brokers Group Inc		 4.90
6.32%		 82.49 35.95 27.93 22.14 6.96 3.01 3.37

Profile*

BitMine Immersion Technologies, Inc.

Bitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States. The company engages in ETH treasury operations; BTC ecosystem services, including consulting and advisory engagements and equipment leasing; facilitation and optimization of third-party power and hosting arrangements; and disciplined BTC treasury management while winding down proprietary self-mining exposure and deferring new site buildouts. It also offers digital asset ecosystem services, including consulting/advisory, and disciplined digital asset treasury management. In addition, the company sells mining equipment to customers and related parties. The company was formerly known as Sandy Springs Holdings Inc. Bitmine Immersion Technologies, Inc. was incorporated in 2019 and is based in Las Vegas, Nevada.

10845 Griffith Peak Drive, Las Vegas, NV, United States, 89135

404 816 8240

https://bitminetech.io

3

Name Title Year Born
Ms. Ileana DiMario Exec. VP NA
Mr. Jonathan Robert Bates Chairman & CEO 1970
Mr. Erik S. Nelson Pres & Director 1967
Mr. Raymond Mow CFO, Treasurer & Director 1966
Mr. Seth Aaron Bayles Corp. Sec. & Director 1981
Mr. Ryan Ramnath Chief Operating Officer 1993
Mr. Jonathan Robert Bates Chairman of the Board & CEO 1970
Mr. Erik S. Nelson President & Director 1967
Mr. Seth Aaron Bayles General Counsel 1981
Mr. Chi Tsang CEO & Director 1970

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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