Analysis published 20 Jul 2026

AI-generated · cited to primary sources · not investment advice

BitMine Immersion Technologies, Inc. Common Stock (BMNR) Nov 2025 Filing Analysis

01 · Management Credibility

Does management do what it says?

RevisedProject Financing Close
50/100

The share count has expanded massively beyond the corrected July figure due to aggressive ATM utilization and private placements. As of January 12, 2026, shares outstanding reached 454.86 million, representing extreme dilution. (1 revised across 1 tracked commitment)

The number of shares outstanding of the registrant’s common stock as of January 12, 2026 was 454,862,451 shares.

BitMine Immersion Technologies, Inc. Common Stock · QUARTERLY_REPORT · Nov 2025 · p.2

See the full cited Management analysis of BitMine Immersion Technologies, Inc. Common Stock

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