Valuation for BMNR - findataslice

	BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR)
	Q3-CY2026	Q2-CY2026	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014
Balance Sheet Date		2026-May-31	2026-Feb-28	2025-Nov-30	2025-Aug-31	2025-May-31	2025-Feb-28	2024-Nov-30	2024-Aug-31	2024-May-31	2024-Feb-29					2022-Nov-30					2021-Aug-31	2021-May-31	2021-Feb-28
Fiscal Period		Q3-FY2026	Q2-FY2026	Q1-FY2026	Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024					Q1-FY2023					Q4-FY2021	Q3-FY2021	Q2-FY2021
Close Price of Common Stock	16.29$	13.31$	19.77$	27.17$	51.96$	33.45$
Market Cap of Common Stock	9,826,557,958$	7,155,839,581$	8,992,630,656$	10,433,202,412$	320,219,296$	1,326,683,116$
QoQ%	37.32%	(20.43%)	(13.81%)	3,158.14%	(75.86%)
YoY%	2,968.70%	439.38%
Common Shares Outstanding	603,226,394	579,652,432	493,905,227	405,398,823	232,412,324	2,053,366	39,667,607	39,667,607	2,495	49,912,607	49,821,698	2,487,435	49,665,649	49,444,222	48,778,344	48,778,344	48,606,915		41,208,399		40,433,399	2,803,400	480,202,774	2,688,400	2,688,400
QoQ%	4.07%	17.36%	21.83%	74.43%	11,218.60%	(94.82%)	.00%	1,589,784.05%	(100.00%)	.18%	1,902.94%	(94.99%)	.45%	1.37%	.00%	.35%					1,342.30%	(99.42%)	17,762.03%	.00%
YoY%	159.55%	28,129.38%	1,145.11%	921.99%	9,315,023.21%	(95.89%)	(20.38%)	1,494.72%	(100.00%)	.95%	2.14%	(94.90%)	2.18%		18.37%		20.22%		(91.42%)		1,404.00%
Price to Sales	160.58x	116.94x	538.13x	1,451.59x	52.53x	243.30x
Price to Earnings	-	-	-	-	.98x	-
Price to Book	.85x	.62x	.91x	.93x	.04x	460.98x
Total Revenue		46,535,000$	11,041,000$	2,293,000$	1,325,000$	2,052,000$	1,517,422$	1,201,000$	682,435$	1,224,991$	891,613$	511,308$	245,346$	142,126$	156,090$
QoQ%		321.48%	381.51%	73.06%	(35.43%)	35.23%	26.35%	75.99%	(44.29%)	37.39%	74.38%	108.40%	72.63%	(8.95%)
YoY%		2,167.79%	627.62%	90.92%	94.16%	67.51%	70.19%	134.89%	178.15%	761.91%	471.22%
TTM		61,194,000$	16,711,000$	7,187,422$	6,095,422$	5,452,857$	4,625,848$	4,000,039$	3,310,347$	2,873,258$	1,790,393$	1,054,870$
TTM_QoQ%		266.19%	132.50%	17.92%	11.78%	17.88%	15.65%	20.83%	15.21%	60.48%	69.73%
TTM_YoY%		1,022.24%	261.25%	79.68%	84.13%	89.78%	158.37%	279.20%
Gross Margin		87.70%	87.09%	55.34%	(5.06%)	23.92%	20.08%	10.01%	16.36%	18.10%	36.30%	20.36%	44.37%	49.07%	38.85%
QoQ		.61%	31.74%	60.40%	(28.98%)	3.84%	10.07%	(6.35%)	(1.74%)	(18.20%)	15.94%	(24.01%)	(4.70%)	10.22%
YoY		63.77%	67.00%	45.33%	(21.42%)	5.83%	(16.22%)	(10.35%)	(28.01%)	(30.97%)	(2.55%)
Operating Income		(11,865,000$)	(3,840,582,000$)	(5,470,292,000$)	446,476,000$	(468,000$)	(913,000$)	(884,000$)	(660,990$)	(534,537$)	(648,740$)	(611,880$)	(1,122,726$)	(509,515$)	(288,947$)						(95,201$)	(13,555$)	(5,849$)
QoQ%		99.69%	29.79%	(1,325.22%)	95,500.86%	48.74%	(3.28%)	(33.74%)	(23.66%)	17.60%	(6.02%)	45.50%	(120.35%)	(76.34%)							(602.33%)	(131.75%)
YoY%		(2,435.26%)	(420,555.20%)	(618,711.31%)	67,646.56%	12.45%	(40.73%)	(44.47%)	41.13%	(4.91%)	(124.52%)
TTM		(8,876,263,000$)	(8,864,866,000$)	(5,025,197,000$)	444,211,000$	(2,925,990$)	(2,992,527$)	(2,728,267$)	(2,456,147$)	(2,917,883$)	(2,892,861$)	(2,533,068$)
TTM_QoQ%		(.13%)	(76.41%)	(1,231.26%)	15,281.56%	2.22%	(9.69%)	(11.08%)	15.82%	(.87%)	(14.20%)
TTM_YoY%		(303,259.31%)	(296,133.45%)	(184,090.07%)	18,185.69%	(.28%)	(3.45%)	(7.71%)
Operating Margin		(25.50%)	(34,784.73%)	(238,564.85%)	33,696.30%	(22.81%)	(60.17%)	(73.61%)	(96.86%)	(43.64%)	(72.76%)	(119.67%)	(457.61%)	(358.50%)	(185.12%)
QoQ		34,759.23%	203,780.12%	(272,261.15%)	33,719.11%	37.36%	13.44%	23.25%	(53.22%)	29.12%	46.91%	337.94%	(99.11%)	(173.38%)
YoY		(2.69%)	(34,724.56%)	(238,491.25%)	33,793.16%	20.83%	12.59%	46.07%	360.75%	314.86%	112.36%
Net Income		(83,595,000$)	(3,818,413,000$)	(5,204,095,000$)	351,331,391$	(623,000$)	(1,156,000$)	(974,000$)	(814,368$)	(654,228$)	(902,682$)	(921,722$)	(1,163,109$)	(523,704$)	(307,407$)	(470,665$)					(102,954$)	(19,941$)	(10,368$)	(20,976$)
QoQ%		97.81%	26.63%	(1,581.25%)	56,493.48%	46.11%	(18.69%)	(19.60%)	(24.48%)	27.52%	2.07%	20.75%	(122.09%)	(70.36%)	34.69%						(416.29%)	(92.33%)	50.57%
YoY%		(13,318.14%)	(330,212.54%)	(534,201.34%)	43,241.60%	4.77%	(28.06%)	(5.67%)	29.98%	(24.92%)	(193.64%)	(95.83%)
TTM		(8,754,771,609$)	(8,671,799,609$)	(4,854,542,609$)	348,578,391$	(3,567,368$)	(3,598,596$)	(3,345,278$)	(3,293,000$)	(3,641,741$)	(3,511,217$)	(2,915,942$)	(2,464,885$)								(154,239$)
TTM_QoQ%		(.96%)	(78.63%)	(1,492.67%)	9,871.31%	.87%	(7.57%)	(1.59%)	9.58%	(3.72%)	(20.42%)	(18.30%)
TTM_YoY%		(245,312.63%)	(240,877.30%)	(145,016.27%)	10,685.44%	2.04%	(2.49%)	(14.72%)	(33.60%)
Profit Margin		(179.64%)	(34,583.94%)	(226,955.74%)	26,515.58%	(30.36%)	(76.18%)	(81.10%)	(119.33%)	(53.41%)	(101.24%)	(180.27%)	(474.07%)	(368.48%)	(196.94%)
QoQ		34,404.30%	192,371.79%	(253,471.31%)	26,545.94%	45.82%	4.92%	38.23%	(65.93%)	47.83%	79.03%	293.80%	(105.59%)	(171.54%)
YoY		(149.28%)	(34,507.76%)	(226,874.64%)	26,634.91%	23.05%	25.06%	99.17%	354.74%	315.07%	95.70%
Equity to Common Shareholders		11,599,577,000$	9,858,088,000$	11,251,532,000$	8,692,797,000$	2,877,956$	2,853,000$	3,808,000$	4,086,000$	4,613,159$	4,987,891$	5,613,108$	6,257,000$	6,520,979$	6,751,348$	7,008,969$	7,404,205$				360,551$	(100,210$)	(81,419$)	(71,051$)	(50,075$)
QoQ		1,741,489,000$	(1,393,444,000$)	2,558,735,000$	8,689,919,044$	24,956$	(955,000$)	(278,000$)	(527,159$)	(374,732$)	(625,217$)	(643,892$)	(263,979$)	(230,369$)	(257,621$)	(395,236$)					460,761$	(18,791$)	(10,368$)	(20,976$)
QoQ%		17.67%	(12.38%)	29.44%	301,947.60%	.88%	(25.08%)	(6.80%)	(11.43%)	(7.51%)	(11.14%)	(10.29%)	(4.05%)	(3.41%)	(3.68%)	(5.34%)					459.80%	(23.08%)	(14.59%)	(41.89%)
YoY		11,596,699,044$	9,855,235,000$	11,247,724,000$	8,688,711,000$	(1,735,203$)	(2,134,891$)	(1,805,108$)	(2,171,000$)	(1,907,820$)	(1,763,457$)	(1,395,861$)	(1,147,205$)				7,043,654$				410,626$
YoY%		402,949.14%	345,434.10%	295,370.90%	212,645.89%	(37.61%)	(42.80%)	(32.16%)	(34.70%)	(29.26%)	(26.12%)	(19.92%)	(15.49%)				1,953.58%				820.02%
Dividends Paid		0$
Additional Paid-In Capital QoQ		1,824,522,000$	2,429,219,000$	7,762,812,000$	8,338,565,386$	651,330$	200,657$	3,654,627$	291,878$	279,487$											559,952$	48,890$
Treasury Stock
QoQ
Goodwill		15,006,000$
QoQ%
YoY%
Other Intangible Assets		11,110,000$
QoQ
Amortization of Intangible Assets		319,000$
Total Assets		11,630,253,000$	9,894,256,000$	11,487,275,000$	8,795,053,000$	8,265,816$	7,500,676$	7,934,925$	7,282,000$	8,166,529$	7,849,837$		8,202,806$								646,033$	3,466$	2,871$		1,930$
QoQ		1,735,997,000$	(1,593,019,000$)	2,692,222,000$	8,786,787,184$	765,140$	(434,249$)	652,925$	(884,529$)	316,692$											642,567$	595$
YoY		11,621,987,184$	9,886,755,324$	11,479,340,075$	8,787,771,000$	99,287$	(349,161$)		(920,806$)												644,103$
Total Liabilities		30,128,000$	36,168,000$	235,743,000$	102,256,000$	5,387,860$	4,647,527$	4,125,541$	3,196,000$	3,553,370$	2,868,063$		1,945,441$								285,481$	103,677$	84,290$		52,005$
QoQ		(6,040,000$)	(199,575,000$)	133,487,000$	96,868,140$	740,333$	521,986$	929,541$	(357,370$)	685,307$											181,804$	19,387$
YoY		24,740,140$	31,520,473$	231,617,459$	99,060,000$	1,834,490$	1,779,464$		1,250,559$												233,476$
Current Ratio		36.68x	54.19x	6.48x	51.50x	.41x	.25x	.33x	.49x	.72x	.66x		.56x								.77x	.03x	.03x		.04x
Total Current Assets		445,261,000$	885,876,000$	889,028,000$	513,007,000$	2,176,860$	1,148,553$	1,355,107$	1,546,000$	2,335,255$	1,658,028$		879,460$								218,737$	3,466$	2,871$		1,930$
QoQ		(440,615,000$)	(3,152,000$)	376,021,000$	510,830,140$	1,028,307$	(206,554$)	(190,893$)	(789,255$)	677,227$											215,271$	595$
Total Current Liabilities		12,138,000$	16,349,000$	137,128,000$	9,961,000$	5,337,581$	4,597,248$	4,075,262$	3,131,000$	3,231,131$	2,524,276$		1,558,557$								285,481$	103,677$	84,290$		52,005$
QoQ		(4,211,000$)	(120,779,000$)	127,167,000$	4,623,419$	740,333$	521,986$	944,262$	(100,131$)	706,855$											181,804$	19,387$
Debt to Asset Ratio		-	-	.02x	.01x	.65x	.62x	.52x	.44x	.44x	.37x		.24x								.44x	29.91x	29.36x		26.95x
Long Term Debt
QoQ
YoY
Capital Lease Obligations		1,320,000$	1,325,000$
Cash and Cash Equivalents		340,289,000$	879,577,000$	887,678,000$	511,999,000$	1,473,501$	482,951$	797,310$	499,000$				270,547$								218,737$	3,466$	2,871$		1,930$
QoQ		(539,288,000$)	(8,101,000$)	375,679,000$	510,525,499$	990,550$	(314,359$)	298,310$													215,271$	595$
YoY		338,815,499$	879,094,049$	886,880,690$	511,500,000$				228,453$												216,807$
Interest Expenses		0$				72,000$
Interest Income		5,300,000$				0$		1,000$