Is BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR) Halal?
Shariah Screening — 5 Standards
Based on financial data from August 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 22.1% | |
| Operating Margin | -9688.9% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -86.3% | |
| Return on Assets (ROA) | -2.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$5M |
| Current Ratio | 6.5 |
| Total Assets | $8.8B |
Price & Trading
| Last Close | $19.47 |
| 50-Day MA | $22.31 |
| 200-Day MA | $36.64 |
| Avg Volume | 44.1M |
| Beta | 1.5 |
|
52-Week Range
$3.92
| |
About BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR)
Bitmine Immersion Technologies, Inc. operates as a blockchain technology company primarily in the United States. The company engages in ETH treasury operations; BTC ecosystem services, including consulting and advisory engagements and equipment leasing; facilitation and optimization of third-party power and hosting arrangements; and disciplined BTC treasury management while winding down proprietary self-mining exposure and deferring new site buildouts. It also offers digital asset ecosystem services, including consulting/advisory, and disciplined digital asset treasury management. In addition, the company sells mining equipment to customers and related parties. The company was formerly known as Sandy Springs Holdings Inc. Bitmine Immersion Technologies, Inc. was incorporated in 2019 and is based in Las Vegas, Nevada.
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Frequently Asked Questions
Is BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BITMINE IMMERSION TECHNOLOGIES, INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is BITMINE IMMERSION TECHNOLOGIES, INC.'s debt ratio?
BITMINE IMMERSION TECHNOLOGIES, INC.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are BITMINE IMMERSION TECHNOLOGIES, INC.'s key financial metrics?
BITMINE IMMERSION TECHNOLOGIES, INC. has a market capitalization of $8.4B, and revenue of $6M. Return on equity stands at -86.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.