BMNR Interactive Valuation Dashboard
Adjust key assumptions to forecast BitMine’s stock price based on the Sum-of-the-Parts (SOTP) model.
Key Assumptions
Digital Asset Treasury
AI & Operations
Share Structure
Calculated Valuation
Current stock price baseline: $52.50. Valuation model includes a static $0.26B value for the legacy Bitcoin mining operation.
In-Depth Quantitative Analysis
BitMine Immersion Technologies (BMNR)
A Visual Summary of Valuation Drivers & Future Scenarios
The Dual Business Model: A Sum-of-the-Parts (SOTP) View
Part 1: Digital Asset Treasury
The “Ethereum Supercycle” Play
BMNR functions as a leveraged investment vehicle for Ethereum, aiming to provide regulated exposure for investors.
- ETH & BTC Market Price
- mNAV Ratio (Investor Sentiment)
Part 2: Mining & AI Engine
The “AI Call Option”
Leverages existing power infrastructure and proprietary cooling tech to pivot into the high-growth AI/HPC market.
- AI/HPC Data Center Demand
- Electricity Rates & Efficiency
Key Valuation Drivers
Crypto Prices
The dominant variable. Directly impacts the $14.2B+ treasury value.
mNAV Ratio
The “sentiment multiplier.” Reflects market premium or discount to asset value.
AI/HPC Revenue
The future growth catalyst. A pivot to a stable, high-growth tech market.
Share Dilution
The denominator. Issuing shares to buy assets impacts per-share value.
Multi-Period Stock Price Forecasts
Based on a baseline price of $52.50
1-Year Outlook
Bear Scenario
Assumes: ETH $2.5k, mNAV 0.7x
Base Scenario
Assumes: ETH $8k, mNAV 1.0x
Bull Scenario
Assumes: ETH $12k, mNAV 1.5x
3-Year Outlook
Bear Scenario
Assumes: ETH $3k, mNAV 0.7x, AI $10M
Base Scenario
Assumes: ETH $10k, mNAV 1.0x, AI $50M
Bull Scenario
Assumes: ETH $15k, mNAV 1.8x, AI $100M
5-Year Outlook
Bear Scenario
Assumes: ETH $2k, mNAV 0.6x, AI $20M
Base Scenario
Assumes: ETH $12k, mNAV 1.0x, AI $150M
Bull Scenario
Assumes: ETH $20k, mNAV 1.8x, AI $300M