BitMine Immersion Technologies (BMNR)
Operates an ETH treasury and blockchain validator infrastructure.
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The company combines ETH treasury operations with BTC ecosystem services, including advisory work, equipment leasing, and third-party power and hosting optimization. Its Pier Two acquisition added blockchain validation and staking capability.
An ETH treasury anchors a digital-asset operating model that also retains BTC ecosystem services: consulting, advisory work, equipment leasing, and third-party power and hosting optimization. These services sit alongside an asset-light operating platform, while new proprietary self-mining site builds are deferred. The company may mine or hold BTC when economics warrant.
Validator infrastructure from the Pier Two acquisition supports blockchain validation and staking activities. Headquartered in Norwalk, Connecticut, the business depends on ETH custody, cybersecurity, controls, counterparty oversight, financing capacity, and the performance and reliability of its validator infrastructure operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $30.30 | Target: $63.60 |
| Jul 1, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $39 | Target: $30.30 |
| Jan 5, 2026 | Cantor Fitzgerald | Target | Target: — | Target: $39 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $340.3M · Total debt $1.2M · Total assets $11.63B · Shareholders' equity $11.60B
- Revenue
- $46.5M
- Operating income
- −$11.9M
- Net income
- −$83.6M
HistoryDividendAnnual yield
| Institutions | 41.93% | 252.93M shares | |
|---|---|---|---|
| 503 holders · as of Jun 30, 2026 | |||
| Insiders | 0.59% | 3.55M shares | |
| 12 holders · as of Jul 24, 2026 | |||
| Other | 57.48% | 346.75M shares | |
| remainder | |||
603.23M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 4.53% | 27.30M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.26% | 25.67M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.70% | 22.34M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 2.70% | 16.29M | as of Jun 30, 2026 |
Clear Street Group Inc.Institution | 2.10% | 12.70M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 16, 2026 | Lori Love | director | +474 | $22.05 |
| Apr 20, 2026 | Lori Love | director | +227 | $22.01 |
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ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BitMine Immersion Technologies | $28.05 | −0.41% | $16.09B | — | 38.8 | 262.9 | +2,964.4% |
| Sharplink | $9.91 | −0.62% | $1.97B | — | 89.3 | 39.2 | +1,553.3% |
| Bit Digital | $1.81 | −0.28% | $635.5M | — | — | 5.2 | +25.1% |
| BTCS | $1.64 | +0.55% | $81.4M | — | — | 4.9 | −11.8% |
| Coinbase | $199.35 | −0.87% | $53.04B | — | 307.6 | 9.6 | −18.5% |
| Galaxy Digital | $25.70 | −1.48% | $8.65B | — | — | 0.1 | −3.8% |
| Hut 8 | $101.50 | −1.89% | $11.64B | — | — | — | +81.4% |
| Median | — | 198.5 | 5.2 | +10.6% |