BitMine Immersion Technologies, Inc. (BMNR)

NYSE: BMNR · Finance Services · Las Vegas, NV · filing with the SEC since 2020

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Grade4.3

◀ Past 2.7● Present 4.3▶ Future 6.9

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of BitMine Immersion Technologies, Inc.

Nine metrics read from its own filings, by tense

Headline grade

4.3/10

◀ Past2.740% of the headline

● Present4.335% of the headline

▶ Future6.925% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.7/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

1.6/10

Has it survived what it has been through?

9 warning events since 2020; the latest 2026-05-01.

weight 45% of this tense · 17th percentile among 130 sector filers · read for itself

From the record

BitMine Immersion Technologies, Inc.'s filings since 2020 show 9 warning events of 3 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2024-05-07); an auditor change (8-K item 4.01, 2 times, the latest 2026-05-01); a late-report notice (Form NT 10-K or NT 10-Q, 6 times, the latest 2024-11-25) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

7.7/10

What has it actually done, year after year?

5 filed years; profitable in 1 of 3.

weight 22% of this tense · 77th percentile among 104 sector filers · read for its customers

From the record

BitMine Immersion Technologies, Inc.'s 5 filed years say what it did: it rose in 3 of 3 years; it never fell from a peak; net income was positive in 1 of 3 of those years (its annual reports).

What it rests on

the share of years revenue rosetop 13% of its family
the share of filed years with a profittop 43% of its family
the deepest fall from a revenue peak0.0%top 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

0.8/10

How has it treated the people who own it?

SI estimate 0.8/10, confidence 35 of 100 (one part).

weight 33% of this tense · 8th percentile among 115 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 8% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 115 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: BitMine Immersion Technologies, Inc.'s shareholder treatment is put at 0.8 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 8% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.3/1035% of the headline grade · 3 of 3 filed

Financial health

as filed

4.1/10

Is it financially healthy right now?

ROE -42%: lost 42¢ per shareholder dollar. Leverage 2%: owes 2¢ per asset dollar.

weight 45% of this tense · 41st percentile among 117 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-08-31, BitMine Immersion Technologies, Inc. lost about 42 cents for every dollar of shareholders' money, and gross profitability: its products earned about 1 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 2 cents per dollar of assets, and net share issuance: its share count grew 1867.3% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 4% of its family
return on equitybottom 33% of its family
gross profit against assetsbottom 27% of its family
the share count against the year beforebottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.3/10

How strong is its position in its industry?

top 47% of 114 in its family; net margin -5064.6%.

weight 33% of this tense · 53rd percentile among 114 sector filers · read for its customers

From the record

BitMine Immersion Technologies, Inc.'s standing among 114 graded names in its industry family: revenue of $125 million in fiscal 2026 ranks in the top 45% by size; a net margin of -5064.6% ranks in the bottom 7%; revenue growth of 313.3% a year over the last 3 filed years ranks in the top 4% (its annual reports).

What it rests on

revenue against the family$125Mtop 45% of its family
net margin-5064.6%bottom 7% of its family
three-year revenue growth313.3%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed

3.2/10

What are the people in charge doing?

bottom 32% of 50 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 32nd percentile among 50 sector filers · read for its shareholders

From the record

BitMine Immersion Technologies, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Tsang, Chi Keung (Chief Executive Officer, as filed), filing under that title since 2026-01-27, 10 months (bottom 36% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 1.3 years (bottom 23%); 11 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 38%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

officer and director changes on Form 8-K, against the people in charge11 in three years among 15 peoplebottom 38% of its family
the median years the people in charge have filed1.3 yearsbottom 23% of its family
the chief executive's years on the record10 monthsbottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.9/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed

4.7/10

How much room does it have to grow?

bottom 47% of 108 in its family for room to expand.

weight 33% of this tense · 47th percentile among 108 sector filers · read for itself

From the record

BitMine Immersion Technologies, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $545 million against no long-term debt tagged leaves 3.5% of its assets as net cash, bottom 42% of its family; cash from operations less capital spending is -244.5% of revenue (bottom 19%); a gross margin of 85.3% (top 19%) (its annual report).

What it rests on

cash less debt against assets3.5%bottom 42% of its family
cash from operations less capital spending against revenue-244.5%bottom 19% of its family
gross margin85.3%top 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

6.3/10

What could actually drive growth from here?

top 37% of 100 in its family for growth drivers.

weight 33% of this tense · 63rd percentile among 100 sector filers · read for its customers

From the record

BitMine Immersion Technologies, Inc.'s growth drivers, from the filed years to fiscal 2026: the newest year grew 1952% (top 2%); capital spending grew -27.3% a year (bottom 28%) (its annual reports). BitMine Immersion Technologies, Inc. reported 4 product lines in fiscal 2025: Self Mining at $3 million (51%), Leasing at $2 million (31%), Sale of Mining Equipment at $846 thousand (14%), and 1 more; 2 of 2 grew against the year before (its annual report).

What it rests on

the newest year's revenue growth1952.0%top 2% of its family
three-year growth of capital spending-27.3%bottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate

9.6/10

Did its newest year beat what its own record pointed to?

SI estimate 9.6/10, confidence 35 of 100 (one part).

weight 33% of this tense · 96th percentile among 83 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, revenue against the prior three years' pace, which ranks in the top 4% of 83 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: one part: revenue against the prior three years' pace, the one part on file, ranked among 83 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: BitMine Immersion Technologies, Inc.'s expectations vs reality is put at 9.6 of 10 with a confidence of 35 of 100, because read from one part only, revenue against the prior three years' pace, which ranks in the top 4% of 83 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change. A filing that carries the missing parts replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BMNR · research, not advice