NYSE Arca: BMNR

BitMine Immersion Technologies (BMNR) Stock Analysis & Forecast

Sep 28 close

$26.84−0.72 (−2.6%)

Gekko Brief

AI summary

BitMine Immersion Technologies continues to expand its Ethereum treasury, having acquired 17,362 ETH last week to push total holdings above 6 million tokens, now valued at approximately $16.2 billion, with a separate report citing $17.2 billion in total holdings including cash and marketable securities and 5.07 million ETH staked, generating projected annualized staking revenue of approximately $358 million. A Form 8-K was also filed on 28 September. The stock closed at $26.84, down 2.6% on the day.

Shares trade between the 50-day average of $21.76 and the 200-day average of $21.86, with a 1-month return of 4.7% and a 3-month return of 94.5%, against a 52-week range of $12.80 to $65.60. The GekkoIndex reads 55, placing BMNR in the Neutral zone, up 3.6 over five days. Price sits 13.6% below Gekko Fair Value of $31.07.

Earnings are scheduled for 20 November, 52 days out, following a July report that missed estimates (-$0.15 actual versus -$0.04 expected) with an 8.7% reaction and an average absolute move of 32.2% historically. Over the last 30 days, 4 unusual options signals were recorded, with put premium of $5,371,402 against call premium of $1,356,518. Seasonality over the past 3 years shows a -18.8% average move across the next 20 trading days, with 0 positive instances. Analyst consensus from 2 firms, both rated buy, targets $45.87, implying 70.9% consensus upside.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

BitMine Immersion Technologies price vs fair value

$31.07$26.84Sep ’25Mar ’26Sep ’26
Close $26.84200-day averageGekko Fair Value $31.07

BitMine Immersion Technologies quick facts

Market cap
$15.29B
P/E ratio
—
Forward P/E
—
EPS, TTM
−$4.50
Revenue, TTM
$61.20M
Profit margin
0%
Dividend yield
0.04%
Beta
1.36
Volume
26.61M avg 41.31M
1-year return
−45.9%
Typical daily move
±6.5%
Typical 20-day move
±19.6%
50-day average
$21.76
200-day average
$21.86
Next earnings
Nov 20 before open
Shares outstanding
603.2M
52-week range
$12.80$65.60

BitMine Immersion Technologies swing-trade checklist

BitMine Immersion Technologies scores 2 supportive, 2 mixed and 2 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive2 mixed2 headwinds

  • Trendmixed

    Averages disagree

    Close $26.84 sits between the 50-day ($21.76) and 200-day ($21.86) averages, or the averages disagree.

    See the chart
  • GekkoIndexmixed

    55, Neutral

    Reading 55 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuesupportive

    13.6% below

    Price is 13.6% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyheadwind

    Leans bearish

    Last 30 days: 4 unusual options signals.

    See smart money
  • Earnings risksupportive

    Reports in 52 days

    Next report Nov 20, 2026, 52 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −18.8% on average

    From this point in the calendar, the next 20 trading days averaged −18.8% over 3 years, rising in 0 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

BitMine Immersion Technologies stock chart and price history

BitMine Immersion Technologies closed at $26.84 on Sep 28, 2026, −45.9% over the past year, inside a 52-week range of $12.80 to $65.60.

Close50-day average200-day averageVolume
BitMine Immersion Technologies share price, past year, with 50-day and 200-day moving averages and volume$20$40$50$60NovDecJan 2026FebMarAprMayJunJulAugSep26.84

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+4.7%
3 months
+94.5%
6 months
+45.9%
1 year
−45.9%
The full BMNR chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open BMNR in Gekko

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About BitMine Immersion Technologies

BitMine Immersion Technologies operates within blockchain technology, with work centered on the United States. Its activities include managing a treasury of Ethereum and providing a range of services tied to the Bitcoin ecosystem, including consulting, advisory work, and equipment leasing. The company is also involved in helping clients arrange and secure third-party power and hosting arrangements for their operations.

Its approach includes disciplined management of Bitcoin holdings, paired with a gradual pullback from its own mining activity and a pause on building new operational sites. Beyond Bitcoin, BitMine extends similar services across the wider digital asset space, offering consulting, advisory support, and treasury management for other digital assets. It also sells mining hardware to clients and to affiliated entities.

The company was founded in 2019 and is headquartered in Las Vegas, Nevada, having previously operated under the name Sandy Springs Holdings Inc. Its shares are listed on the NYSE Arca under the ticker BMNR.

Listed
NYSE Arca
Sector
Finance
Industry
Financial conglomerates
Website
bitminetech.io

BitMine Immersion Technologies GekkoIndex: the smart money zone

BitMine Immersion Technologies’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 55, in the Neutral zone, up 3.6 points over five sessions.

010055Neutral

Up 3.6 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying27+12.8%+32.0%+59.3%+47.3%
Accumulation165+34.4%+36.2%+18.8%+27.8%
Neutral (current zone)268Not available
Distribution24Not available
Selling7Too few readings yet

Average BMNR share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the BMNR price, zone by zone.Track BMNR in Gekko

Is BitMine Immersion Technologies stock overvalued? Gekko Fair Value

BitMine Immersion Technologies trades 13.6% below Gekko Fair Value of $31.07, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what BitMine Immersion Technologies shares are worth, recalculated every trading day.

$31.07

Gekko Fair Value, Sep 29, 2026

13.6% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open BMNR in Gekko

BitMine Immersion Technologies insider and Congress trading

No open-market insider purchases were filed for BitMine Immersion Technologies, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for BMNR in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every BMNR insider filing, plotted on the chart in Gekko.Open BMNR in Gekko

Congress trades last 90 days

No trades in BMNR were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for BMNR, plotted on the chart in Gekko.Open BMNR in Gekko

Unusual options activity last 30 days

4signals, 20% of the flagged premium in calls.

Latest: Bullish flow on Sep 23, $544K in unusual premium.

Hedge funds and billionaires quarter ended Dec 31

0of the funds Gekko tracks hold BMNR.

0added0opened0trimmed1sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

BitMine Immersion Technologies earnings: next date and track record

BitMine Immersion Technologies reports on Nov 20, 2026, before the open (52 days away), and beat the EPS estimate in 0 of its last 4 reports.

0 of 4reports beat the EPS estimate
±32.2%average move across the report
6 of 8reports followed by a gain

Share-price move across each report

+30.6%Jul ’24+13.3%Dec ’24+0.5%Jan ’25−5.6%Apr ’25+193.5%Jul ’25−1.1%Jan ’26+3.9%Apr ’26+8.7%Jul ’26
ReportedEPSSurpriseRevenueSurpriseMove
Jul 13, 2026−$0.15
est −$0.04
−275.0%$46.50M
est $46.50M
0.0%+8.7%
Apr 14, 2026$0.05
est $0.18
−72.2%$19.40M
est $19.40M
0.0%+3.9%
Jan 14, 2026−$15.98
est $0.15
−10,753.3%$2.30M
est $79.30M
−97.1%−1.1%
Jul 2, 2025−$0.31
est −$0.31
0.0%$2.05M
est $2.05M
0.0%+193.5%
Apr 14, 2025−$0.58———−5.6%
Jan 10, 2025$0.00—$1.20M—+0.5%
Dec 9, 2024$0.00—$682K—+13.3%
Jul 15, 2024$0.00—$1.22M—+30.6%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

BitMine Immersion Technologies stock forecast and analyst price targets

Analysts’ average 12-month price target for BitMine Immersion Technologies is $45.87, +70.9% from the last close, from 2 firms rating the stock in the last 90 days.

$45.87consensus 12-month target, +70.9% from the last close
Low $34High $63.60
Buy2
Hold0
Sell0

Each firm’s latest rating in the last 90 days: 2 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 22B. Riley SecuritiesBuy, maintained$34+26.7%
Sep 10Cantor FitzgeraldBuy, maintained$63.60+137.0%
Sep 3B. Riley SecuritiesBuy, maintained$30+11.8%
Jul 16B. Riley SecuritiesBuy, maintained$25−6.9%
−18.8%average move over the next 20 trading days in the last 3 years
±6.5%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

BitMine Immersion Technologies seasonality: the next 20 trading days

Over the next 20 trading days from Sep 26, BitMine Immersion Technologies averaged −18.8% across the last 3 years, rising in 0 of them.

Next 20 trading days, by year

−28.1%2021−28.2%2023+4.6%2024−0.2%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−1.0%1 of 3
Next 10 trading days−13.9%1 of 3
Next 15 trading days−16.8%0 of 3
Next 20 trading days−18.8%0 of 3
Next 30 trading days−23.2%0 of 3

For scale, BMNR’s typical 20-trading-day move in either direction is about 19.6%.

BitMine Immersion Technologies market cap and key statistics

BitMine Immersion Technologies’s market cap is $15.29B and revenue of $61.20M over the last twelve months.

Valuation

Market cap
$15.29B
EPS, TTM
−$4.50
Gekko Fair Value
$31.07

Trading

Volume
26.61M
Avg volume, 20 days
41.31M
52-week high
$65.60
52-week low
$12.80
Shares outstanding
603.2M

Financials

Revenue, TTM
$61.20M
Profit margin
0%
Return on equity
-150.9%
Quarterly earnings growth, YoY
0.0%

Risk and income

Beta
1.36
Typical daily move
±6.5%
Typical 20-day move
±19.6%
Dividend yield
0.04%

BitMine Immersion Technologies peers

BitMine Immersion Technologies’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
MAINMain Street Capital+0.1%Accumulation4.7% below
KYIVKyivstar−1.8%Accumulation47.5% below
PURRHyperliquid Strategies−3.4%Neutral16.5% below
JCAPJefferson Capital−0.2%Accumulation19.0% below
IGICInternational General Insurance−0.2%Buying14.0% below
MTAMetalla Royalty & Streaming−0.2%Accumulation6.7% above

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

BitMine Immersion Technologies stock FAQ

What is BitMine Immersion Technologies’s market cap?

BitMine Immersion Technologies’s market cap is $15.29B at the Sep 28, 2026 close of $26.84, with 603.2M shares outstanding.

What is the BitMine Immersion Technologies stock forecast?

The consensus analyst 12-month price target for BitMine Immersion Technologies is $45.87, +70.9% from the last close. Of the 2 firms that rated the stock in the last 90 days, 2 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is BitMine Immersion Technologies stock overvalued or undervalued?

On Gekko’s estimate BitMine Immersion Technologies is undervalued: the Sep 28, 2026 close of $26.84 is 13.6% below Gekko Fair Value of $31.07. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does BitMine Immersion Technologies report earnings next?

BitMine Immersion Technologies is expected to report on Nov 20, 2026, before the market opens (52 days away). Analysts expect earnings of $0.02 per share on revenue of $59.85M. BitMine Immersion Technologies beat the earnings estimate in 0 of its last 4 reports, moving 32.2% on average across the report.

What is BitMine Immersion Technologies’s 52-week high and low?

BitMine Immersion Technologies’s 52-week high is $65.60 and its 52-week low is $12.80; it closed at $26.84 on Sep 28, 2026, −45.9% over the past year. Over the last five years the shares peaked at $161.00 on Jul 3, 2025.

Is BitMine Immersion Technologies stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 6 items with data read as supportive (fair value and earnings risk), 2 as mixed (trend and gekkoindex) and 2 as headwinds (smart money and seasonality). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in BitMine Immersion Technologies?

Gekko flagged 4 unusual options signals in BitMine Immersion Technologies over the last 30 days, with $1.36M of flagged premium in calls and $5.37M in puts. The latest, bullish flow, was on Sep 23, 2026 with $544K in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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