Added to YB: 2026-10-07
Pitch date: 2026-10-02
BMNR [bullish]
Bitmine Immersion Technologies, Inc.
-12.84%
current return
Author Info
No bio for this author
Company Info
Bitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States.
Market Cap
$14.4B
Pitch Price
$26.80
Price Target
N/A
Dividend
0.04%
EV/EBITDA
-47.74
P/E
-0.97
EV/Sales
229.37
Sector
Software
Category
growth
The Ethereum Homecoming? - $BMNR
BMNR (added to position): Bitmine is receiving one final double-down despite a $28 cost basis, based on the belief that stablecoins will become a primary medium of exchange and agent-to-agent transactions could drive blockchain usage, fees and ETH demand. The unresolved issue is value capture: Ethereum has not appreciated alongside stablecoin growth, Layer 2 platforms absorb volume and fees, and Coinbase or Robinhood may offer better exposure.
Read full article (4 min)