BMNR Bitmine Immersion Technologies, Inc.
Trend channel, buy level and 3-month target. Information only, not financial advice.
Below the channel · 9-month channel rising
Closed below support (US$22.23). Treat the buy level with caution.
- 9-month channel read from
- US$22.23 – US$30.37 · rising, +26% a year
- 12-month channel
- US$20.80 – US$28.07 · falling, −42% a year
- Price in channel
- −25% (0% = floor, 100% = ceiling)
- Ceiling overhead
- US$28.07
- Published levels
- Buy and target are not from this channel — see below.
What broke this trend
- The fall
- -90% from US$136.303 July 2025 → 30 June 2026
- Whose problem it was
- This company0 of 11 Financial - Capital Markets peers fell with it
- Does it resolve?
- Unsettled too close to a coin toss on the record to call
- Regained so far
- 6%of what it lost
- What the record says
- 40% of 8 comparable falls came back, typically in 96 days measured on its own peer group
Fell -90% (3 July 2025 → 30 June 2026); regained 6% so far; company-specific.
Reported at the time: BitMine Announces $250M Private Placement Of 55.56M Shares Of Common Stock At $4.50/Share To Launch Ethereum Treasury Strategy; Tom Lee Named Chairman — 30 June 2025
Price history, with the path projected 3 months forward
Updated 1:40 AM ET (34 h ago)
- Daily close
- Upper trend line (9 months)
- Lower trend line (9 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy at or below
US$20.19
level as at 1 Nov 2026
Our target
US$25.23
by 24 Nov 2026
Projected move
25.0%
gross, before costs
Price is at or below our buy.
Target: BMNR's usual move size (25.0%), the best return per day on this path.
This move size: reached in 58% of 5 past stretches, typically in 23 days. (1.09% per day)
- Upper line touches
- 3
- Lower line touches
- 2
- Fit confidence
- 60%
- Fitted
- 1 Nov 2026
Company information
About Bitmine Immersion Technologies, Inc.
Bitmine Immersion Technologies, Inc. is a blockchain technology company primarily operating in the United States. The company's activities include managing an Ethereum (ETH) treasury, and offering a range of services for the Bitcoin (BTC) ecosystem, such as consulting, advisory, and equipment leasing. It also assists in optimizing and securing third-party power and hosting solutions for its clients. A key part of its strategy involves disciplined Bitcoin (BTC) treasury management, alongside systematically reducing its proprietary self-mining operations and postponing the development of new operational sites. Beyond BTC, Bitmine provides broader digital asset ecosystem services, encompassing consulting, advisory, and diligent digital asset treasury management. Furthermore, the company sells mining hardware to its clients and affiliated entities. Established in 2019, Bitmine Immersion Technologies, Inc. is based in Las Vegas, Nevada, and was formerly known as Sandy Springs Holdings Inc.
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- CEO
- Chi Tsang
- Employees
- 3
- Country
- US
Scorecard
Our own scores from the fundamentals below (not Morningstar ratings).
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$11.49B
- Enterprise value
- —
- Beta
- 1.56
- Avg volume
- 37.33M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 12.8-47.38
- Exchange
- NYSE
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted to past swing highs and lows and may not continue. Information only, not financial advice.