For Q3 FY2026 (ended May 31, 2026), BitMine Immersion Technologies reported revenue of $46.5 million, a significant increase of 2,168% year-over-year. However, the company posted a net loss of $3.82 billion, compared to a much smaller loss in the prior year. Operating income was a loss of $11.9 million, and diluted EPS was -$0.15. Cash and equivalents stood at $340.3 million, and total equity was $11.6 billion.
•Revenue surged to $46.5M, up 2,168% YoY.
•Net loss widened to $3.82B from a prior loss of $1.2M.
•Operating loss was $11.9M, compared to a loss of $0.5M a year ago.
•Diluted EPS improved to -$0.15 from -$0.31 in the prior year.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Bitmine Immersion Technologies is a blockchain technology company primarily in the United States. The company engages in ETH treasury operations. Its portfolio also includes 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
Digital asset ecosystem services, including consulting/advisory, and disciplined digital asset treasury management. Additionally, it 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.
What does Bitmine Immersion Technologies, Inc. (BMNR) do?
Bitmine Immersion Technologies is a blockchain technology company based in the United States. The company engages in ETH treasury operations and offers BTC ecosystem services, including consulting and advisory engagements, equipment leasing, and facilitation of third-party power and hosting arrangements. It also provides digital asset ecosystem services such as consulting and advisory, along with disciplined digital asset treasury management. Additionally, Bitmine sells mining equipment to customers and related parties. The company is winding down its proprietary self-mining exposure and deferring new site buildouts, focusing instead on treasury management and service-oriented activities.
On which exchange is Bitmine Immersion Technologies (BMNR) listed and in what currency?
Bitmine Immersion Technologies, Inc. is listed on the NYSE under the ticker symbol BMNR. Its securities trade in US Dollars (USD), which is the official currency of the United States where the company is headquartered. The NYSE is one of the world's largest stock exchanges, providing liquidity and visibility for publicly traded companies.
What sector and industry does Bitmine Immersion Technologies (BMNR) belong to?
Bitmine Immersion Technologies operates in the Financial Services sector, specifically within the Capital Markets industry. This classification reflects the company's involvement in digital asset treasury management, consulting, and advisory services related to blockchain and cryptocurrencies. Capital Markets firms typically facilitate the flow of capital and provide financial services, which aligns with Bitmine's activities in BTC and ETH ecosystem services.
Where is Bitmine Immersion Technologies (BMNR) headquartered and what is its history?
Bitmine Immersion Technologies, Inc. is headquartered in Las Vegas, Nevada, United States. The company was incorporated in 2019 and was formerly known as Sandy Springs Holdings Inc. It primarily operates within the United States, focusing on blockchain technology and digital asset services. The company's history includes a transition from its previous name to its current identity as Bitmine Immersion Technologies, reflecting its shift toward blockchain and cryptocurrency-related activities.