Old boatBitmine Immersion Technologies $BMNR
Grew revenue 84.1% in FY2025 to $6 million, operating margin 7288% against a -6.4% median for finance services, equity 98.8% of assets.
Last filing8-K · Item 7.01 Regulation FD Disclosure, 2 Nov 2026
Edgarette’s full reading · exposure, experience, soundness, credibility, range
🫧 Edgar looked up BITMINE IMMERSION TECHNOLOGIES, INC. ($BMNR). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-11-02. 81 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-05-01.
🔖 Exposure: revenue $6.1M (FY2025). Experience: revenue up 84.1% on the year; operating margin 7288.1%, up from -73.9%. Soundness: equity 98.8% of assets, return on equity 4.0%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $7.5M and $21.6M next year (method v4.1: its own 2-year record of growth weighed at 25% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $7.0M to $23.2M. A statistical range, not company guidance. Against peers (36 filers, $50M+ revenue, finance services): operating margin 7288.1% against a -6.4% median; growth 84.1% against 16.8%.
Read from its own SEC filings · nothing written, nothing inferred
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | −$4M · −$7.4B · $7.9B · −$5M |
| Investment book (cash · short · long) | $512M · — · — · current ratio 51.50 |
| Revenue swing · equity of assets | 14.1% · 98.0% |
Bitmine Immersion Technologies is growing faster than its size class, with steadier revenue. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-08-31 |
| Revenue | $6M |
| Revenue, on the year | 84.1% |
| Revenue, a year over the record | — |
| Operating margin | 7288.1% |
| Operating margin, prior year | −73.9% |
| Net margin | 5719.1% |
| Research and development | not filed separately |
| Total debt | — |
| Equity of assets | 98.8% |
| Return on equity | 4.0% |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $13.6 |
| Book value per share | $354.59 |
| Revenue per share | $0.25 |
| Shares outstanding | 24,515,226 |
| Audited years read | 5 |
Peers: the median of 36 filers with $50M+ revenue in finance services.
Classic signals · fiscal 2025Altman Z″ not covered: built for industrial balance sheets, not banks or insurersPiotroski F 4 of 9 middling 2000Beneish M not covered: built for industrial filersSloan accruals 8% modest accruals 1996DuPont ROE 8% = margin 5719.1% × turns 0 × leverage 1.01
What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →
Health HarborBitmine Immersion Technologies sails as: Old boat
Health watch · 12 monthsAuditor changeDirector or officer change ×6
Sailing speed follows growth: 142.5% a year crosses the harbor in 30 seconds.
🌊 Visit the Bay →- filed auditor change in the last 12 months
- operating cash flow was negative
- revenue is hard to predict: its 80% range is ±48%
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-11-02 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-10-26 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-10-19 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-10-13 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-10-07 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-10-05 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company