BITMINE IMMERSION TECHNOLOGIES, INC. — Form 8-K
Filed November 2, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 92/100
What the filing says
As of November 1, 2026, Bitmine holds 6,060,506 ETH tokens ($13.7B at $2,261/ETH), representing 4.9% of total ETH supply (122.2M tokens), plus $498M cash/securities and $82M in Eightco stock. Company acquired 8,573 ETH in the past week and has staked 5,227,037 ETH ($11.8B) generating projected $358M–$415M annualized staking revenue. Market cap ~$4.4M.
Why this rating
Holdings vastly exceed market cap (330× company value); extreme asset–liability mismatch or valuation claim inconsistency. Asset backing alone is transformational IF real; however, extreme claim-to-cap ratio and dependency on volatile crypto prices create business-model risks that offset the headline asset value.
Price action (we called it neutral)
at our read · unknown $97.00 | +10 min · unknown $97.25 ▲ 0.26% | +30 min · unknown $97.25 ▲ 0.26% | +1 hr pending | +4 hrs pending |
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? →
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