Professional
Added to YB: 2025-11-18
Pitch date: 2025-10-08
BMNR [bearish]
Bitmine Immersion Technologies, Inc.
+66.2%
current return
Author Info
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Company Info
Bitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States.
Market Cap
$12.1B
Pitch Price
$59.05
Price Target
N/A
Dividend
0.04%
EV/EBITDA
-893.95
P/E
2.11
EV/Sales
1.9K
Sector
Software
Category
N/A
BitMine Immersion Technologies, Inc. (BMNR) - DAT Ain’t No Strategy
BMNR (short): $18B Ethereum DAT copying failing MicroStrategy model as premium collapsed from 2x to 1.2x mNAV. Issued $10B+ stock in 3 months (~$170M/day), ETH-per-share growth stalled despite token gains. 'Premium' $365M raise at $70 was actually 31% discount after warrant costs. DAT sector saturated with $100B+ planned raises, ETFs eliminating scarcity advantage that once sustained premiums.
Read full article (10 min)