BitMine Intangible Assets vs Net Tangible Assets Analysis

BMNR Stock

USD 38.47 5.17 15.53%

BitMine Immersion financial indicator trend analysis is way more than just evaluating BitMine Immersion prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BitMine Immersion is a good investment. Please check the relationship between BitMine Immersion Intangible Assets and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BitMine Immersion Technologies,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Intangible Assets vs Net Tangible Assets

Intangible Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BitMine Immersion Intangible Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between BitMine Immersion's Intangible Assets and Net Tangible Assets is 0.83. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of BitMine Immersion Technologies,, assuming nothing else is changed. The correlation between historical values of BitMine Immersion's Intangible Assets and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of BitMine Immersion Technologies, are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Intangible Assets i.e., BitMine Immersion's Intangible Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from BitMine Immersion's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BitMine Immersion current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BitMine Immersion Technologies,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of 08/06/2025, Selling General Administrative is likely to drop to about 860.9 K. In addition to that, Sales General And Administrative To Revenue is likely to drop to 0.41

	2022	2023	2024	2025 (projected)
Depreciation And Amortization	470.7K	923.5K	1.1M	1.1M
Other Operating Expenses	3.1M	5.8M	6.6M	7.0M

Depreciation And Amortization Other Operating Expenses

BitMine Immersion fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Current Assets	Total Current Assets	Common Stock	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Stockholder Equity	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Short Term Debt	Cash	Other Liab	Property Plant And Equipment Net	Property Plant Equipment	Current Deferred Revenue
Total Current Liabilities		0.85	-0.97	0.85	-0.32	0.57	0.95	-0.09	0.83	0.91	0.97	0.56	0.9	0.68	0.54	0.9	-0.02	-0.46	0.9	1.0	0.98	0.9	0.85	0.73	0.75	-0.92
Net Tangible Assets	0.85		-0.91	0.7	-0.21	0.61	0.95	-0.22	1.0	0.96	0.83	0.9	0.66	0.94	0.74	0.95	0.43	-0.14	0.99	0.88	0.85	0.95	1.0	0.97	0.95	-0.86
Retained Earnings	-0.97	-0.91		-0.84	0.33	-0.51	-0.95	0.08	-0.89	-0.95	-0.92	-0.7	-0.87	-0.8	-0.67	-0.91	-0.11	0.41	-0.95	-0.98	-0.97	-0.91	-0.91	-0.83	-0.86	0.95
Accounts Payable	0.85	0.7	-0.84		-0.7	0.38	0.82	-0.23	0.68	0.81	0.86	0.45	0.77	0.55	0.46	0.77	0.05	-0.6	0.76	0.85	0.84	0.76	0.71	0.62	0.62	-0.73
Net Receivables	-0.32	-0.21	0.33	-0.7		0.15	-0.26	0.18	-0.23	-0.36	-0.26	-0.08	-0.46	-0.13	-0.38	-0.22	0.09	0.44	-0.27	-0.35	-0.4	-0.21	-0.23	-0.16	-0.14	0.28
Other Current Assets	0.57	0.61	-0.51	0.38	0.15		0.66	-0.7	0.57	0.44	0.66	0.45	0.27	0.5	-0.01	0.65	0.08	0.27	0.59	0.55	0.45	0.66	0.6	0.53	0.52	-0.58
Total Current Assets	0.95	0.95	-0.95	0.82	-0.26	0.66		-0.21	0.93	0.96	0.96	0.74	0.75	0.81	0.57	0.98	0.26	-0.34	0.97	0.96	0.92	0.98	0.95	0.87	0.86	-0.88
Common Stock	-0.09	-0.22	0.08	-0.23	0.18	-0.7	-0.21		-0.21	-0.03	-0.18	-0.24	0.11	-0.24	0.17	-0.23	-0.09	-0.52	-0.18	-0.1	-0.02	-0.24	-0.22	-0.22	-0.22	0.19
Total Assets	0.83	1.0	-0.89	0.68	-0.23	0.57	0.93	-0.21		0.95	0.79	0.92	0.64	0.96	0.78	0.94	0.46	-0.12	0.99	0.86	0.84	0.94	1.0	0.98	0.95	-0.85
Short Long Term Debt Total	0.91	0.96	-0.95	0.81	-0.36	0.44	0.96	-0.03	0.95		0.87	0.8	0.78	0.86	0.77	0.94	0.34	-0.4	0.98	0.94	0.93	0.94	0.96	0.91	0.89	-0.86
Other Current Liab	0.97	0.83	-0.92	0.86	-0.26	0.66	0.96	-0.18	0.79	0.87		0.54	0.78	0.64	0.39	0.91	0.08	-0.48	0.87	0.95	0.9	0.91	0.83	0.73	0.72	-0.83
Total Stockholder Equity	0.56	0.9	-0.7	0.45	-0.08	0.45	0.74	-0.24	0.92	0.8	0.54		0.37	0.98	0.78	0.78	0.66	0.12	0.85	0.61	0.6	0.78	0.9	0.97	0.95	-0.68
Net Debt	0.9	0.66	-0.87	0.77	-0.46	0.27	0.75	0.11	0.64	0.78	0.78	0.37		0.51	0.62	0.67	-0.3	-0.52	0.74	0.91	0.95	0.66	0.66	0.51	0.57	-0.88
Non Current Assets Total	0.68	0.94	-0.8	0.55	-0.13	0.5	0.81	-0.24	0.96	0.86	0.64	0.98	0.51		0.79	0.83	0.54	0.04	0.91	0.72	0.71	0.83	0.94	0.98	0.99	-0.79
Non Currrent Assets Other	0.54	0.74	-0.67	0.46	-0.38	-0.01	0.57	0.17	0.78	0.77	0.39	0.78	0.62	0.79		0.58	0.34	-0.13	0.74	0.6	0.68	0.57	0.75	0.75	0.76	-0.67
Cash And Short Term Investments	0.9	0.95	-0.91	0.77	-0.22	0.65	0.98	-0.23	0.94	0.94	0.91	0.78	0.67	0.83	0.58		0.35	-0.28	0.96	0.91	0.87	1.0	0.94	0.9	0.87	-0.83
Common Stock Shares Outstanding	-0.02	0.43	-0.11	0.05	0.09	0.08	0.26	-0.09	0.46	0.34	0.08	0.66	-0.3	0.54	0.34	0.35		0.12	0.35	0.02	-0.03	0.35	0.43	0.6	0.48	0.05
Non Current Liabilities Total	-0.46	-0.14	0.41	-0.6	0.44	0.27	-0.34	-0.52	-0.12	-0.4	-0.48	0.12	-0.52	0.04	-0.13	-0.28	0.12		-0.23	-0.44	-0.46	-0.26	-0.15	-0.07	-0.07	0.19
Other Stockholder Equity	0.9	0.99	-0.95	0.76	-0.27	0.59	0.97	-0.18	0.99	0.98	0.87	0.85	0.74	0.91	0.74	0.96	0.35	-0.23		0.93	0.91	0.96	0.99	0.95	0.93	-0.9
Total Liab	1.0	0.88	-0.98	0.85	-0.35	0.55	0.96	-0.1	0.86	0.94	0.95	0.61	0.91	0.72	0.6	0.91	0.02	-0.44	0.93		0.99	0.91	0.88	0.77	0.78	-0.94
Short Term Debt	0.98	0.85	-0.97	0.84	-0.4	0.45	0.92	-0.02	0.84	0.93	0.9	0.6	0.95	0.71	0.68	0.87	-0.03	-0.46	0.91	0.99		0.87	0.85	0.74	0.76	-0.94
Cash	0.9	0.95	-0.91	0.76	-0.21	0.66	0.98	-0.24	0.94	0.94	0.91	0.78	0.66	0.83	0.57	1.0	0.35	-0.26	0.96	0.91	0.87		0.94	0.9	0.87	-0.83
Other Liab	0.85	1.0	-0.91	0.71	-0.23	0.6	0.95	-0.22	1.0	0.96	0.83	0.9	0.66	0.94	0.75	0.94	0.43	-0.15	0.99	0.88	0.85	0.94		0.97	0.95	-0.86
Property Plant And Equipment Net	0.73	0.97	-0.83	0.62	-0.16	0.53	0.87	-0.22	0.98	0.91	0.73	0.97	0.51	0.98	0.75	0.9	0.6	-0.07	0.95	0.77	0.74	0.9	0.97		0.97	-0.77
Property Plant Equipment	0.75	0.95	-0.86	0.62	-0.14	0.52	0.86	-0.22	0.95	0.89	0.72	0.95	0.57	0.99	0.76	0.87	0.48	-0.07	0.93	0.78	0.76	0.87	0.95	0.97		-0.83
Current Deferred Revenue	-0.92	-0.86	0.95	-0.73	0.28	-0.58	-0.88	0.19	-0.85	-0.86	-0.83	-0.68	-0.88	-0.79	-0.67	-0.83	0.05	0.19	-0.9	-0.94	-0.94	-0.83	-0.86	-0.77	-0.83

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BitMine Immersion Account Relationship Matchups

BitMine Immersion fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Current Liabilities	285.5K	317.7K	1.6M	3.1M	3.6M	3.8M
Retained Earnings	(461.3K)	(2.5M)	(4.9M)	(8.2M)	(7.4M)	(7.0M)
Total Current Assets	218.7K	888.9K	750.0K	1.6M	1.8M	1.9M
Common Stock	4.0K	4.9K	5.0K	5.0K	4.5K	4.3K
Total Assets	646.0K	8.0M	8.2M	7.3M	8.4M	8.8M
Other Current Liab	4.5K	232.9K	97.5K	1.0M	1.2M	1.2M
Total Stockholder Equity	360.6K	7.4M	6.3M	4.1M	4.7M	2.7M
Net Debt	58.6K	(392.6K)	1.0M	1.1M	1.3M	1.4M
Cash And Short Term Investments	218.7K	392.6K	270.5K	499.3K	574.2K	602.9K
Common Stock Shares Outstanding	487.9K	43.1M	2.5M	2.5M	2.9M	2.7M
Liabilities And Stockholders Equity	646.0K	8.0M	8.2M	7.3M	8.4M	8.8M
Other Stockholder Equity	817.8K	9.9M	11.2M	12.3M	14.2M	14.9M
Total Liab	285.5K	570.0K	1.9M	3.2M	3.7M	3.9M
Short Term Debt	277.3K	232.9K	1.3M	1.6M	1.9M	2.0M
Cash	218.7K	392.6K	270.5K	499.3K	574.2K	602.9K

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 together with BitMine Stock

0.71

Dynex Capital

Pair Corr

Moving against BitMine Stock

0.63	GCMGW	GCM Grosvenor	Pair Corr
0.51	DMYY	dMY Squared Technology	Pair Corr
0.46	WU	Western Union	Pair Corr
0.31	YRD	Yirendai	Pair Corr

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 Correlation Correlation Matching

Additional Tools for BitMine Stock 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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