BITMINE IMMERSION TECHNOLOGIES, INC. — Form 8-K
Filed September 21, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 92/100
What the filing says
As of September 20, 2026, Bitmine held 5,983,940 ETH tokens (valued at $2,688/token = ~$16.1B), representing 4.9% of total ETH supply (122.1M ETH). Total holdings including 212 BTC, $180M Beast Industries stake, $105M Eightco stake, and $714M cash/marketable securities = $17.1B. Company has staked 5,067,309 ETH generating 2.62% annualized yield ($357M current, projected $421M at full scale). Bitmine added to Russell 1000 on June 26, 2026; Series A Preferred Stock (BMNP) trades on NYSE.
Why this rating
Company market cap ~$4.4M; reported assets $17.1B (389× company size). ETH holdings claim is extraordinary relative to micro-cap status—either represents massive leverage/accounting treatment requiring scrutiny, or signals transformational asset accumulation. Russell 1000 inclusion + $1.2B daily trading volume (#100 US stock) are unusual for $4.4M market-cap company. Core business trajectory appears fundamentally altered if claims are accurate.
Tradability signal
NO TRADE
No trade: only ~$0k traded in the last 30 min — too illiquid to enter and exit. (Filing arrived outside market hours — evaluated at the next open with a live quote.)
Derived from this site's own measured outcomes + live price/liquidity at analysis time. An experiment, not investment advice.
Price action (we called it positive)
before filing · preread $97.99 ▲ 0.08% | at our read · unknown $97.91 | +10 min · unknown $97.83 ▼ 0.08% | +30 min · unknown $99.61 ▲ 1.74% | +1 hr · unknown $98.73 ▲ 0.84% | +4 hrs · unknown $99.00 ▲ 1.11% |
The stock had already moved -0.08% between hitting EDGAR and our read finishing — deltas above are measured from our read.
Quotes via Yahoo Finance at capture time; for filings arriving outside market hours the clock starts at the next open. Not investment advice. How accurate are our calls? →
See more from September 21, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.