BMNR Stock Analysis
BM
Uncovered
Bitmine Immersion Technologies Inc is uncovered by Eyestock quantitative analysis.
Rating
To assess the quality of a company's business, we have collected all financial data from the statements and presented them in the form of a single number - the company's rating. Rating value of 100 is the threshold for determining a viable investment.
Low score
Bitmine Immersion Technologies, Inc. engages in industrial scale digital asset mining, equipment sales, and hosting operations. The company is headquartered in Atlanta, Georgia. The company went IPO on 2021-05-26. The firm is engaged in building out industrial-scale digital asset mining, equipment sales and hosting operations. Its primary business is hosting third-party equipment, which is used in mining digital asset coins and tokens, specifically Bitcoin, as well as self-mining for its own account. The firm operates data centers using immersion cooling technology. The company also develops both hydroelectric and solar-backed projects in the United States and Canada. The company operates a digital asset mining operation by solving cryptographic algorithms to validate transactions on specific digital asset network blockchains. Its data centers provide power, racks, thermodynamic management (heat dissipation and airflow management), redundant connectivity, security, as well as software, which provides infrastructure management and custom firmware. Its facilities are designed and constructed for housing advanced mining equipment.