Jonathan Bates - Bitmine Immersion Chairman CEO

All Insiders . USA . 
Stock . Bitmine Immersion Technologies . Stakeholders . Insider . Jonathan Bates
BMNR Stock  USD 0.37  0.07  23.33%   

Insider

Jonathan Bates is Chairman CEO of Bitmine Immersion Technologies
Age 53
Phone404 816 8240
Webhttps://bitminetech.io

Bitmine Immersion Management Efficiency

The company has return on total asset (ROA) of (0.173) % which means that it has lost $0.173 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.4901) %, meaning that it created substantial loss on money invested by shareholders. Bitmine Immersion's management efficiency ratios could be used to measure how well Bitmine Immersion manages its routine affairs as well as how well it operates its assets and liabilities.
Bitmine Immersion Technologies currently holds 1.89 M in liabilities with Debt to Equity (D/E) ratio of 1.66, which is about average as compared to similar companies. Bitmine Immersion has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Bitmine Immersion until it has trouble settling it off, either with new capital or with free cash flow. So, Bitmine Immersion's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bitmine Immersion sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bitmine to invest in growth at high rates of return. When we think about Bitmine Immersion's use of debt, we should always consider it together with cash and equity.

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Bitmine Immersion Technologies, Inc. operates as a blockchain technology company in the United States. Bitmine Immersion Technologies, Inc. was founded in 1995 and is based in Atlanta, Georgia. Bitmine Immersion operates under Electronic Components classification in the United States and is traded on OTC Exchange. It employs 2 people. Bitmine Immersion Technologies [BMNR] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Return On Equity-0.49
Return On Asset-0.17

Bitmine Immersion Leadership Team

Elected by the shareholders, the Bitmine Immersion's board of directors comprises two types of representatives: Bitmine Immersion inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bitmine. The board's role is to monitor Bitmine Immersion's management team and ensure that shareholders' interests are well served. Bitmine Immersion's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bitmine Immersion's outside directors are responsible for providing unbiased perspectives on the board's policies.
Raymond Mow, Treasurer CFO
Ryan Ramnath, Chief Officer
Erik Nelson, Pres Director
Ileana DiMario, Ex VP
Seth Bayles, Corp Director
Jonathan Bates, Chairman CEO

Bitmine Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Bitmine Immersion a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Return On Equity-0.49
Return On Asset-0.17
Operating Margin(2.68) %
Shares Owned By Insiders75.47 %
Revenue427.67 K
Gross Profit(129.03 K)
EBITDA(1.71 M)
Net Income(2.01 M)
Cash And Equivalents499.91 K
Cash Per Share0.01 X

Pair Trading with Bitmine Immersion

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitmine Immersion position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitmine Immersion will appreciate offsetting losses from the drop in the long position's value.

Moving against Bitmine Pink Sheet

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The ability to find closely correlated positions to Bitmine Immersion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitmine Immersion when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitmine Immersion - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitmine Immersion Technologies to buy it.
The correlation of Bitmine Immersion is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitmine Immersion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitmine Immersion moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitmine Immersion can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Bitmine Pink Sheet Analysis

When running Bitmine Immersion's price analysis, check to measure Bitmine Immersion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bitmine Immersion is operating at the current time. Most of Bitmine Immersion's value examination focuses on studying past and present price action to predict the probability of Bitmine Immersion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitmine Immersion's price. Additionally, you may evaluate how the addition of Bitmine Immersion to your portfolios can decrease your overall portfolio volatility.
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