Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
Bitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States. The company engages in hosting third-party equipment used in mining of digital asset coins and tokens, primarily Bitcoin, as well as the self-mining for its own account. It also sells mining equipment to customers and related parties. In addition, the...
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. Specifically, the stock is overpriced on P/FCF.
Target Price
The average target price of BMNR is 57 and suggests 83% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increase
