BITMINE IMMERSION TECHNOLOGIES, INC. Q3 2026: Revenue $46.5M, EPS $(0.15) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Bitmine Immersion Technologies reported Q3 2026 revenue of $46.5M, a 2,168% YoY increase driven by ETH staking, but posted a net loss of $(83.6) M and diluted EPS of $(0.15). The company has pivoted from mining to an asset-light Ethereum services model, including staking and advisory. Recent moves include NYSE listing, strategic acquisitions like Pier Two, and launching ATM programs to support liquidity and ETH accumulation.
BITMINE IMMERSION TECHNOLOGIES, INC. reported results for the quarter ended May 31, 2026, posting revenue of $46.5M driven primarily by ETH staking, while reporting a net loss attributable to common stockholders of $(83.6) M and diluted EPS of $(0.15).
Financial Highlights
- Revenue: $46.5M for the quarter ended May 31, 2026, vs. $2.05M in the year‑ago quarter (2,168% YoY).
- Net income: Net loss attributable to common stockholders of $(83.6) M for the quarter ended May 31, 2026, vs. $(0.623) M in the year‑ago quarter.
- Diluted EPS: $(0.15) for the quarter ended May 31, 2026, vs. $(0.31) in the year‑ago quarter.
Business Highlights
- Revenue growth was driven by staking revenue after the company initiated native ETH staking in November 2025.
- Company pivoted from mining to an asset-light, Ethereum-focused services model emphasizing staking, advisory and treasury management.
- Completed strategic acquisitions, including Pier Two, and pursued moonshot investments to support the ETH strategy.
- Uplisted to the NYSE American and then NYSE; launched ATM and shelf programs to support liquidity and ETH accumulation.
- Reallocated expenses toward custody, cybersecurity, compliance and treasury operations; capital spending remains modest compared with the prior mining-focused era.
Original SEC Filing: BITMINE IMMERSION TECHNOLOGIES, INC. [ BMNR ] - 10-Q - Jul. 14, 2026