---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39920282.md"
description: "$BitMine Immersion Tech(BMNR.US)'s surge and fall from +7% to - is indeed very frustrating, especially when other crypto stocks are performing well. The post-market earnings report mostly disclosed information already covered in the weekly PR releases, with two points worth noting.Total number of shares: As of April 13th, it was 537 million. At the current stock price, the mNAV is 0.96, which also proves that management has indeed been using cash to buy coins in the past period, without issuing additional shares at a negative premium.Staking revenue: 10 million, which I think is a bit low. Based on the currently disclosed annualized yield of 2.87%, the existing staking amount would generate annual revenue of over 200 million. So, only making 10 million in the past quarter is indeed a bit low, probably because staking only started from zero at the end of December.There's not much else. I still believe that before ETH breaks through 2.8k, the market won't give BMNR a premium. Until then, it will likely fluctuate between 0.9 and 1.Whether BTC at 76k/ETH at 2.4k marks a peak in the rebound or a bull-to-bear transition may still require some observation. The fate of the clear bill will be decided in the next two weeks, and the window period before the mid-term elections is April and May, which will be decisive factors."
datetime: "2026-04-15T04:52:26.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39920282.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39920282.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39920282.md)
author: "[lyhalfway](https://longbridge.com/en/profiles/3372973.md)"
---

# $BitMine Immersion Tech(BMNR.US)'s surge and fall …


### Related Stocks

- [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md)
- [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md)
- [BTC.US](https://longbridge.com/en/quote/BTC.US.md)

## Comments (17)

- **赚钱的Charlie · 2026-04-15T08:33:29.000Z**: Why do I see a premium of around 0.8? 😳
  - **lyhalfway** (2026-04-15T08:40:17.000Z): You can calculate it yourself.
- ***烟火声* · 2026-04-15T08:28:51.000Z**: Has April 5th already passed? 🫣
  - **lyhalfway** (2026-04-15T08:40:11.000Z): April May
  - ***烟火声*** (2026-04-15T08:40:56.000Z): 🤭
- **陈浩南 · 2026-04-15T07:12:55.000Z**: It's bound to fall before the midterm elections. At the latest, by the end of May or early June, you should clear your positions.
  - **lyhalfway** (2026-04-15T08:41:54.000Z): The midterm election is in November.
- **桓台红莲湖 · 2026-04-15T05:44:08.000Z · 👍 2**: Never sell, hold until death!
- **糖糖糖（升级版） · 2026-04-15T05:08:17.000Z**: Underperformed Ethereum
- **Paul Joseph Goebbel · 2026-04-15T05:07:34.000Z**: The cost of BMNU has been reduced to 0.057, I'm exhausted 🥲
  - **Chouyer** (2026-04-15T05:38:22.000Z): I completely don't dare to day trade, every time I did it before, the stock price took off.
  - **Paul Joseph Goebbel** (2026-04-15T06:00:06.000Z): For rolling operations, I use a portion of my position for day trading.
  - **学着理解这个世界** (2026-04-15T07:10:49.000Z): How many shares are there compared to before?
- **小民同学 · 2026-04-15T05:00:27.000Z**: Courage and wisdom hold
- **风风 · 2026-04-15T04:55:40.000Z**: Thanks for sharing.
- **涨辣 · 2026-04-15T04:55:35.000Z**: ETH's price surged to $20,000. 😂.