# BitMine Immersion Technologies, Inc. (BMNR) — Stock CV

BitMine Immersion Technologies, Inc. is a $14.5B financial services company. Revenue grew 1022.3% over the last year, and it currently loses money.

> BitMine Immersion Technologies Inc is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by its Bitcoin mining operations or from the proceeds of capital raising transactions.

## Identity

- **Ticker**: BMNR
- **Sector**: Financial Services
- **Industry**: Finance Services
- **Headquarters**: NORWALK, CT
- **Employees**: 3
- **Website**: https://www.bitminetech.io
- **Market cap**: $14.5B
- **Last price**: $24.08
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $61.2M
- **Net income**: -$8.75B
- **Free cash flow**: -$295M
- **P/E**: 41.6
- **Revenue growth (YoY)**: 1022.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 15 |
| Growth | 0 |
| Profitability | 5 |
| Health | 50 |
| Quality | 10 |
| Moat | 0 |

## Qualifications (beginner checklist) — 6 of 10 passed

- [x] Revenue growing — +1022.3% YoY
- [ ] Profitable — -$8.75B TTM
- [x] Profit growing — +10687.0% YoY
- [ ] Generates cash — -$295M TTM
- [x] Debt under control — current ratio 36.68
- [x] Established company — $14.5B market cap
- [ ] Not printing shares — +21.3% shares over ~5y
- [ ] Proven track record — 1/5 profitable years
- [x] Financially stable — Altman Z 276.9 — safe
- [x] Valuation not extreme — P/E 41.6

## Experience (career milestones)

- **FY2025** — Turned profitable: $349M net income after a loss year
- **FY2025** — Best year on record: $349M net income

## Strengths

- High gross margin (83.5%)
- Revenue growing 1022.3% year over year
- Altman Z-Score 276.89 — low bankruptcy-risk zone

## Watch-outs

- Not profitable — 14306.6% net margin
- Negative free cash flow (-$294.6M)
- Thin interest coverage (-7.0×)
- Loss-making in 4 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | — | -$154K | -$504K |
| FY2022 | $428K | -$2.01M | -$7.74M |
| FY2023 | $645K | -$2.46M | -$1.42M |
| FY2024 | $3.31M | -$3.29M | -$105K |
| FY2025 | $6.09M | $349M | -$5.21M |

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Source: https://stockcv.com/BMNR — derived from company filings; may be delayed or incomplete. Information, not investment advice.