Bitmine Immersion Technologies BMNR · USD
Information Technology · US listing · 🇺🇸 United States
18.61
-0.80%
Close of 9 Nov 2026, in USD
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About Bitmine Immersion Technologies
From its filings with the US Securities and Exchange Commission
Bitmine Immersion Technologies is based in Norwalk, Connecticut and is incorporated in Delaware. Its shares trade on NYSE under the ticker BMNR. The SEC classifies its business as finance services. In the fiscal year to 31 August 2025, it reported revenue of $6.1m and net income of $348.6m. At that date it held total assets of $8.80bn and shareholders' equity of $8.69bn.
Company facts
- Sector
- Information Technology
- Industry
- Software
- Listed since
- 26 May 2021
- Employees
- 3
- Website
- sandyspringsholdings.com ↗
- Head office
- 800 CONNECTICUT AVENUE, NORWALK, CT, 06854
- Incorporated in
- DE
- Classification
- Finance Services
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Mr. Thomas LeeChairman of the Board, since 2025
- Mr. Tsang ChiChief Executive Officer, Director, since 2025
- Mr. Young KimChief Financial Officer, Chief Operating Officer, Director, since 2026
- Mr. Jason EdgeworthIndependent Director
- Ms. Olivia HoweIndependent Director
- Ms. Lori LoveIndependent Director$52,800
- Mr. Michael MaloneyIndependent Director
- Mr. Robert SechanIndependent Director
- Mr. David SharbuttIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Bitmine Immersion Technologies Inc focuses on Bitcoin mining using immersion technology for optimal cooling.
- The company operates in low-cost energy regions in Trinidad and Pecos, Texas, reducing operational expenses.
- Bitmine Immersion Technologies Inc develops hydroelectric and solar-backed projects in the US and Canada, supporting sustainable energy use.
Weaknesses
- Bitmine Immersion Technologies Inc has only 3 employees, indicating limited human resources.
- The company's business is solely focused on Bitcoin mining, lacking diversification in digital assets.
- Bitmine Immersion Technologies Inc is listed on 26 May 2021, showing a relatively new market presence.
Opportunities
- Bitmine Immersion Technologies Inc can expand its hydroelectric and solar-backed projects in the US and Canada for increased renewable energy use.
- The company may leverage its immersion technology to enter new markets for digital asset mining equipment sales.
- Bitmine Immersion Technologies Inc can explore partnerships with energy providers in low-cost energy regions for further cost reductions.
Threats
- Bitmine Immersion Technologies Inc faces regulatory risks in the digital asset mining sector, which is subject to evolving laws.
- The company's reliance on Bitcoin mining exposes it to market volatility in the cryptocurrency market.
- Bitmine Immersion Technologies Inc operates in a highly competitive digital asset mining industry with numerous established players.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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