BMNR is the only DAT company with mNAV premium above 1 and no debt, regardless of asset class
$BitMine Immersion Tech(BMNR.US)
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Analysis of the Impact of Pier Two Acquisition on BMNR's Valuation
BMNR disclosed more information after officially launching MAVAN. The company's updated SEC filing shows it acquired a blockchain staking company, PierTwo, to build MAVAN's core technology platform. Next, we'll analyze the impact on BMNR's valuation through the transaction details. The essence of the PierTwo deal is not just BMNR buying a staking business, but an attempt to move beyond the single ETH treasury narrative...
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