27 slides from Bitmine Immersion Technologies's earnings presentation, Feb 11, 2026
Slide 1: The Alchemy of 5%
BMNR is Building the World’s Premier Ethereum Treasury A category-defining digital asset platform focused on increasing ETH held per share while strengthening the Ethereum ecosystem through strategic treasury management and native protocol participation The Alchemy of 5% 7/17/2025
Slide 2: Disclaimers
BITMINE IMMERSION TECHNOLOGIES 2 Disclaimers General Bitmine Immersion Technologies, Inc. ("BMNR") is making this presentation available in connection with an update on its business operations and strategies. The information contained in this presentation does not purport to be complete or to be all
Slide 3: Shareholder Meeting: January 15, 2026
BITMINE · BMNR 3 Shareholder Meeting: January 15, 2026 BitMine will hold its annual shareholder meeting at the Wynn Las Vegas on January 15, 2026 Illustrative | For Discussion Purposes
Slide 4: Table of Contents
4 Table of Contents 01 Financial Results 02 Staking Update 03 Declaration of Annual Dividend 04 Progress towards alchemy of 5% 05 BMNR Financials and Strategy Illustrative | For Discussion Purposes
Slide 5: Financial Results
5 01 Financial Results
Slide 6: Earnings Highlights: Fiscal Full Year, August 31, 2025
BITMINE · BMNR 6 EARNINGS HIGHLIGHTS: Fiscal Full Year, August 31, 2025 ▪ BitMine reported full year fiscal 2025 GAAP results: Net income: $328,161,370 Fully diluted S/O Aug 31, 2025: 24,515,226 GAAP Diluted EPS: $13.39 Illustrative | For Discussion Purposes Source: BitMine
Slide 7: Balance Sheet: As of August 31, 2025
BITMINE · BMNR 7 BALANCE SHEET: As of August 31, 2025 Illustrative | For Discussion Purposes Source: BitMine
Slide 8: Income Statement: Fiscal Full Year August 31, 2025
BITMINE · BMNR 8 INCOME STATEMENT: Fiscal Full Year August 31, 2025 Source: BitMine
Slide 9: Statement of Cash Flows: Fiscal Full Year, August 31, 25
BITMINE · BMNR 9 STATEMENT OF CASH FLOWS: Fiscal Full Year, August 31, 2025 Illustrative | For Discussion Purposes Source: BitMine
Slide 10: Staking Update: MAVAN
10 02 Staking Update: MAVAN
Slide 11: MAVAN Summary
BITMINE · BMNR 11 STAKING: MAVAN Summary ▪ BitMine selected three top staking providers for a focused pilot to test capabilities as we advance and scale our own best-in-class, Made-in- America validator network. ▪ Over the last few months, BitMine evaluated leading staking providers and launched a p
Slide 12: MAVAN Evaluation Criteria
BITMINE · BMNR 12 STAKING: MAVAN Evaluation Criteria ▪ BitMine assessed several native staking providers who serve institutional clients across a range of criteria including: 1. Safe and secure operations 2. Performance and reward/yield generation 3. Ability to run dedicated infrastructure 4. Overal
Slide 13: Next Steps MAVAN
BITMINE · BMNR 13 STAKING: Next Steps MAVAN ▪ The Company selected 3 initial pilot partners to conduct a live test of their staking capabilities using a small portion of our ETH. The test is designed to monitor performance and further evaluate pilot member operations and service quality. ▪ We plan t
Slide 14: Declaration of Annual Dividend
14 03 Declaration of Annual Dividend
Slide 15: Annual Dividend Declaration
BITMINE · BMNR 15 DIVIDEND: Annual Dividend Declaration ▪ BitMine declares annual dividend of $0.01 per BMNR share ▪ Declaration date is November 21, 2025 ▪ Ex-dividend date is December 5, 2025 ▪ Record date is December 8, 2025 ▪ Payable date is December 29, 2025 Illustrative | For Discussion Purpos
Slide 16: 9 of 16 Largest AI/MAG7 Stocks Pay a Dividend
BITMINE · BMNR 16 DIVIDEND: 9 of 16 largest AI/MAG7 stocks pay a dividend Illustrative | For Discussion Purposes Source: Fundstrat, Bloomberg
Slide 17: BMNR Only Large-Cap Crypto Stock to Pay Dividend
BITMINE · BMNR 17 DIVIDEND: BMNR only large-cap crypto stock to pay dividend Illustrative | For Discussion Purposes Source: Fundstrat, Bloomberg
Slide 18: Progress towards alchemy of 5%
18 04 Progress towards alchemy of 5%
Slide 19: ETH Holdings Now 2.9% of Total Supply
BITMINE · BMNR 19 ALCHEMY of 5%: ETH holdings now 2.9% of total supply Illustrative | For Discussion Purposes Source: Fundstrat, Bitmine Immersion Technologies, Etherscan
Slide 20: Our Mission + Philosophy
BITMINE · BMNR 20 Our Mission + Philosophy Our goal is to increase shareholder value by acquiring ETH in our treasury and increasing the ETH held per share and to achieve a 5% stake in the Ethereum network Ethereum may see exponential growth driven by the “ChatGPT” moment in crypto as stablecoins ha
Slide 21: The BitMine Story - Exponential Growth
BITMINE · BMNR 21 The BitMine Story - Exponential Growth $0 $15MM $250MM $11,800MM Mining Equipment Bitcoin Ethereum Crypto + Treasury Cash February 2025 June 2025 July 2025 Present Illustrative | For Discussion Purposes Dollar value represents approximate value of BMNR treasury through time
Slide 22: Our Partners in Exponential Growth
BITMINE · BMNR 22 Our Partners in Exponential Growth Illustrative | For Discussion Purposes
Slide 23: We Study The Greats …
BITMINE · BMNR 23 We Study The Greats … 1. Customer Obsession 2. Great Art = Alchemy 3. Innovate Relentlessly Steve Jobs - Creator Leonardo Da Vinci - Artist Nikola Tesla - Inventor Illustrative | For Discussion Purposes
Slide 24: To Deliver Shareholder Value = n / 1
BITMINE · BMNR 24 … To Deliver Shareholder Value = n/1 People Partners Structure Scale Tactics Mission Tom Lee Kraken Hold ETH in Largest ETH Safe, Secure, + Elite crypto FalconX Treasury DAT Compliant 5% of ETH native & tradfi Galaxy Illustrative | For Discussion Purposes
Slide 25: Led by Our Chairman
BITMINE · BMNR 25 Led by Our Chairman Thomas J. Lee, CFA Thomas Lee is a Managing Partner and the Head of Research at Fundstrat Global Advisors. He is an accomplished Wall Street strategist with over 25 years of experience in equity research, and has been top ranked by Institutional Investor every y
Slide 26: Roadmap - Looking Ahead
BITMINE · BMNR 26 Roadmap - Looking Ahead 5% Artwork and Culture Select investments Governance and in bold ideas that enhance Technology Ethereum Network Value (<1% Treasury) like Google “Other Bets” Made in America Community BitMine 5% of the Ethereum Validator Network Participant MoonShots Network
Slide 27: Thank You!
Thank You!