Stock Performance: Bitmine Immersion Technologies (BMNR) has seen a remarkable increase in its stock price, rising 560% in the last 90 days and 664% year-to-date, although longer-term returns are less impressive.
Valuation Concerns: Despite the recent surge, Bitmine's valuation score is zero out of six, indicating it does not meet standard criteria for being considered undervalued, suggesting caution for potential investors.
Overvaluation Analysis: The Discounted Cash Flow (DCF) model estimates Bitmine's intrinsic value at $0.56 per share, indicating it is overvalued by approximately 9487.2%, as its current market price significantly exceeds this estimate.
Narrative Investing: Simply Wall St offers a unique approach to investing through "Narratives," allowing investors to create personalized fair value estimates based on their expectations for Bitmine's future growth, enhancing decision-making beyond traditional metrics.
BMNR
$30.95+Infinity%1D
Analyst Views on BMNR
Wall Street analysts forecast BMNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMNR is 47.00 USD with a low forecast of 47.00 USD and a high forecast of 47.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast BMNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMNR is 47.00 USD with a low forecast of 47.00 USD and a high forecast of 47.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 34.860
Low
47.00
Averages
47.00
High
47.00
Current: 34.860
Low
47.00
Averages
47.00
High
47.00
B. Riley
B. Riley
Buy
downgrade
$90 -> $47
2025-11-20
Reason
B. Riley
B. Riley
Price Target
$90 -> $47
2025-11-20
downgrade
Buy
Reason
B. Riley lowered the firm's price target on Bitmine Immersion to $47 from $90 and keeps a Buy rating on the shares. Estimates for Digital Asset Treasury Companies have been revised down due to ongoing sector headwinds and weak pricing, with BTC, ETH, and SOL treasuries underperforming their underlying assets since mid-October, the analyst tells investors in a research note. Despite these cuts, valuation dislocations remain, and potential support could come from ROE-enhancing actions-such as buybacks, preferred issuance, or restaking-and stabilization in crypto markets, the firm says.
B. Riley
Fedor Shabalin
Buy
initiated
$90
2025-10-15
Reason
B. Riley
Fedor Shabalin
Price Target
$90
2025-10-15
initiated
Buy
Reason
B. Riley analyst Fedor Shabalin initiated coverage of Bitmine Immersion with a Buy rating and $90 price target.
About BMNR
Bitmine Immersion Technologies Inc. is a Bitcoin (BTC) and Ethereum (ETH) network company, focusing on the accumulation of Crypto for long-term investment. The Company’s business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies, and general Bitcoin advisory to public companies. Its business integrates a digital asset treasury anchored in ETH with an operating platform historically focused on BTC mining and hosting. Through its legacy mining-as-a-service business, it provided turnkey infrastructure and management solutions for institutional clients seeking BTC mining exposure without direct operational obligations. The mining-as-a-services include hardware sales and deployment support; operations management, uptime maximization, and pool payout optimization; and financial reporting and compliance support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
