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BMNR

BitMine ImmersionD
NYSE / Software & Services
Last Price
Quote time unavailable
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Current thesis
The primary operating update supports an asset-backed rerating thesis if ETH appreciates, staking execution remains reliable, and buybacks reduce the share count. The reported holdings and repurchases are substantial, but company-reported figures are not independently reconciled here.
Posture
Defensive
Lead driver
Sentiment
What changed
2 setup hits (3d) with net bullish as of 2026-10-26.
What can break
ETH and broader crypto-price volatility can rapidly change reported treasury value and the equity risk premium.
Momentum
37
Value
39
Sentiment
59
Setup hits (3d)
2 · Net Bullish
AI TargetsBase $22.00 · Bull $32.00 · Bear $11.00Analysis 2026-08-04; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-26 • Vendor: Data Vendor v1
Scores
As of 2026-10-26 • Model: HYBRID_IC_RP
AI Memo
As of 2026-08-04 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-26

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-26. Definitions

Supporting evidence
What
Grade D · Defensive
Confidence Medium · Net Bullish
Target $48.80
Why
Momentum37 · Δ7d -59.0
Value39 · Δ7d -0.0
Sentiment59 · Δ7d -5.4
So what
Weak posture (Net Bullish). Prioritize risk control and patience.

Confirming evidence

  • • 2 setup hits (3d) with net bullish as of 2026-10-26.
  • • Sentiment remains the lead driver in the composite, 7D delta -5.4.

Contradictions & invalidation

  • • ETH and broader crypto-price volatility can rapidly change reported treasury value and the equity risk premium.
  • • No reliable analyst revisions, consensus surprise data, or post-release price-reaction analysis is available in the packet.
  • • BMNR remains highly sensitive to ETH prices, treasury discounts, staking execution, and market risk appetite.

Catalyst clock

2026-08-03

August 3 8-K: ETH holdings and buyback update

Lead driver: Sentiment · See AI snapshot
Momentum
37
8% active weight
Current posture
7d trendSoftening
Δ7d
-59.0
Δ21d
-68.8
Value
39
47% active weight
Current posture
7d trendFlat
Δ7d
-0.0
Δ21d
-0.0
Sentiment
59
45% active weight
Current posture
7d trendSoftening
Δ7d
-5.4
Δ21d
+9.1
Why this grade

Composite grade D. Momentum 37.5 / Value 38.6 / Sentiment 59.0

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-08-04. Scenario method

B+
Bull case
25%
Probability
Target price
$32.00
Analysis reference price unavailable
Analysis 2026-08-04 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$22.00
Analysis reference price unavailable
Analysis 2026-08-04 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$11.00
Analysis reference price unavailable
Analysis 2026-08-04 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-26
Market Cap
$12.64B
Beta
1.35
Shares Out
603.23M
P/E (TTM)
30.4
P/S (TTM)
2330.08
P/FCF (TTM) · Derived
-17.94
Rev YoY
+2167.9%
EPS YoY
-51.2%
Gross Margin
+81.9%
Op Margin
-484.6%
Net Debt
-$512M
Current Ratio
36.68
As of 2026-10-26 • Updated nightlySource: Internal modelMethods & Data