BMNR · NYSE · STOCK
Bitmine Immersion Technologies (BMNR) Stock Analysis
$24.04
52W $12.80 – $56.85
57/100
$13.69B
-1.0
1.56
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is BMNR Bullish or Bearish?
Bullish.
Innellis AI committee rates Bitmine Immersion Technologies, Inc. (BMNR) Buy with a composite score of 57/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +17.66 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -2.34 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 0.9x is a discount to asset value — Value
- Revenue growing 1022.3% YoY -- genuine top-line momentum — Growth
- Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock — Risk
Bear Case
- ROE of only -84.6% -- cheap may mean cheap for a reason — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 25.8% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
57/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 63%
of 211 Financial Services peers
Value Analyst
bullish
60
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ Price-to-book of 0.9x is a discount to asset value
− ROE of only -84.6% -- cheap may mean cheap for a reason
Growth Analyst
bullish
60
/ 100 · Moderate confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 1022.3% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock
− Bollinger bandwidth of 25.8% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
53
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 58.2 to 57.3.
- New bearish signals: 1 appeared.
- Bullish support removed: 2 signal(s) disappeared.
- Bearish pressure eased: 2 signal(s) disappeared.
Analyst-level changes:
- Risk Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
31.7
Neutral
MACD Histogram
-0.555
Bearish Momentum
Trend Direction
Sideways
Weekly: Downtrend
Market Structure
Hh Hl
Support
$17.84
Resistance
$24.11
Bollinger %B
0.20
Inside Bands
Price vs Moving Averages
EMA 9
$25.42
Below
EMA 21
$25.47
Below
EMA 50
$23.67
Above
EMA 200
$22.96
Above
Fundamental Analysis
Valuation
100
Growth
15
Profitability
40
Financial Health
100
Cash Flow
15
Valuation
P/E Ratio
-1.0×
P/B Ratio
1.14×
PEG Ratio
0.00
Dividend Yield
0.04%
52W High
$56.85
52W Low
$12.80
Quality & Growth
ROE
401.0%
ROA
396.3%
Gross Margin
8348.4%
Operating Margin
—
Revenue Growth YoY
—
Debt / Equity
0.00
AI Fundamental Assessment
P/E ratio of -1.0 (inexpensive relative to a 15-40x range); Price-to-book of 1.1x; PEG ratio of 0.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 4.0%; Return on assets of 4.0%; Net margin of -14306.6%; Gross margin of 83.5%; Current ratio of 36.68 (healthy short-term liquidity); Debt-to-equity of 0.00; Free cash flow per share is negative (-0.53); Most recent quarter missed estimates by 109.4%; EPS growth decelerating (+160.0% -> -140.0% QoQ); Analyst estimates falling over recent quarters
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