BitMine Immersion Technologies (BitMine Immersion Technologies) Market Cap : $32.38 Mil (As of May. 22, 2024)

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What is BitMine Immersion Technologies Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). BitMine Immersion Technologies's share price for the quarter that ended in Feb. 2024 was $0.685. BitMine Immersion Technologies's Shares Outstanding (EOP) for the quarter that ended in Feb. 2024 was 49.82 Mil. Therefore, BitMine Immersion Technologies's market cap for the quarter that ended in Feb. 2024 was $34.13 Mil.

BitMine Immersion Technologies's quarterly market cap declined from Aug. 2023 ($34.77 Mil) to Nov. 2023 ($29.95 Mil) but then increased from Nov. 2023 ($29.95 Mil) to Feb. 2024 ($34.13 Mil).

BitMine Immersion Technologies's annual market cap increased from . 20 ($0.00 Mil) to Aug. 2022 ($36.64 Mil) but then declined from Aug. 2022 ($36.64 Mil) to Aug. 2023 ($34.77 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. BitMine Immersion Technologies's Enterprise Value for Today is $29.65 Mil.

BitMine Immersion Technologies Market Cap Historical Data

The historical data trend for BitMine Immersion Technologies's Market Cap can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BitMine Immersion Technologies Market Cap Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Market Cap

36.64

34.77

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Market Cap	Get a 7-Day Free Trial				42.03	54.39	34.77	29.95	34.13

Competitive Comparison of BitMine Immersion Technologies's Market Cap

For the Capital Markets subindustry, BitMine Immersion Technologies's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BitMine Immersion Technologies's Market Cap Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Market Cap distribution charts can be found below:

* The bar in red indicates where BitMine Immersion Technologies's Market Cap falls into.

BitMine Immersion Technologies Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

BitMine Immersion Technologies's Market Cap for the fiscal year that ended in Aug. 2023 is calculated as

Market Cap (A: Aug. 2023 )	=	Share Price (A: Aug. 2023 )	*	Shares Outstanding (EOP) (A: Aug. 2023 )
	=	$0.7	*	49.6656
	=	$34.77

BitMine Immersion Technologies's Market Cap for the quarter that ended in Feb. 2024 is calculated as

Market Cap (Q: Feb. 2024 )	=	Share Price (Q: Feb. 2024 )	*	Shares Outstanding (EOP) (Q: Feb. 2024 )
	=	$0.685	*	49.8217
	=	$34.13

BitMine Immersion Technologies (OTCPK:BMNR) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.

BitMine Immersion Technologies Market Cap Related Terms

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BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (OTCPK:BMNR) » Definitions » Market Cap

Comparable Companies

Traded in Other Exchanges

N/A

Address

2030 Powers Ferry Road SE, Suite No. 212, Atlanta, GA, USA, 30339

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its own account as well as hosting third-party Bitcoin mining servers.