Companies · Software / Tech
LAS VEGAS · Software / Tech · refined from filed group “Other Technology”
Diligence memoA one-page analyst read on Bitmine Immersion Technologies, Inc. — recommendation, valuation, rhythm, risks.→Bitmine Immersion Technologies, Inc. looks fair against its niche peers and is active on financing cadence.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
No named principal in this company's public records yet — see all operators below.
Explore how these operators interlock with other companies in the operator network.
Bitmine Immersion Technologies, Inc. is one of 3920 Software / Tech companies tracked from LAS VEGAS. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 83%.
Round size and date are reported; the stage label is inferred from round size (latest is Series D+ — a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.
Benchmarked against 3920 companies in Software / Tech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 99% of sector peers (real $). Modeled value above 98% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #5 of 22.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Saronic Technologies, Inc. | Series D+ | $523.3M | $3.4B | 2.51× |
| Mercor.io Corp | Series D+ | $468.6M | $2.8B | 2.02× |
| Clearwater Analytics Holdings, Inc. | Series D+ | $261.8M | $2.4B | 1.79× |
| Mercury Technologies, Inc. | Series D+ | $221.3M | $1.9B | 1.41× |
| Bitmine Immersion Technologies, Inc. this company | Series D+ | $258.3M | $1.9B | 1.40× |
| Elise A.I. Technologies Corp. | Series D+ | $320.9M | $1.8B | 1.34× |
| Ontic Technologies, Inc. | Series D+ | $196.4M | $1.6B | 1.20× |
| Luminary Cloud, Inc. | Series D+ | $187.0M | $1.5B | 1.13× |
| Bancar Technologies Ltd | Series D+ | $1.1B | $1.5B | 1.10× |
| Oxide Computer Co | Series D+ | $265.2M | $1.5B | 1.07× |
| Motive Technologies, Inc. | Series D+ | $408.0M | $1.4B | 1.01× |
| Starburst Labs, Inc. | Series D+ | $178.3M | $1.3B | 0.99× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Pre-Seed | $563K | 2021-06-16 | $3.1M | $14.2M | 90% |
| Seed | $1.1M | 2022-01-18 | $5.7M | $18.4M | 90% |
| Seed | $1.1M | 2022-01-18 | $5.7M | $18.4M | 90% |
| Seed | $1.1M | 2022-01-18 | $5.7M | $18.4M | 90% |
| Series A | $5.2M | 2022-01-18 | $23.4M | $76.3M | 90% |
| Series B | $39.6M | 2025-06-30 | $220.1M | $208.5M | 90% |
| Series D+ | $212.9M | 2025-06-30 | $1.8B | $1.9B | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Jonathan Bates | — | 2 other | 2021-06 |
| ERIK S. NELSON | — | 1 other | 2021-06 |
| Thomas S. Lee | — | 1 other | 2025-06 |
| John S. Kelly | — | — | 2021-06 |
| Jonathan S, Bates | — | — | 2022-01 |
| Lori S. Love | — | — | 2021-06 |
| Michael S. Maloney | — | — | 2021-06 |
| Raymond S. Mow | — | — | 2021-06 |
| Ryan S. Ramnath | — | — | 2021-06 |
| Seth S. Bayles | — | — | 2021-06 |
Bitmine Immersion Technologies, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Monad Labs, Inc. | Software / Tech | Series D+ | $258.4M | $2.7B | same sector · same stage |
| Uptake Technologies, Inc. | Software / Tech | Series D+ | $255.3M | $657.4M | same sector · same stage |
| Clearwater Analytics Holdings, Inc. | Software / Tech | Series D+ | $261.8M | $2.4B | same sector · same stage |
| Oxide Computer Co | Software / Tech | Series D+ | $265.2M | $1.5B | same sector · same stage |
| Mammoth Admin & Tech, LLC | Software / Tech | Series D+ | $270.0M | $3.4B | same sector · same stage |
| R Software Inc. | Software / Tech | Series D+ | $242.0M | $3.0B | same sector · same stage |
| Powerup Technology Inc. | Software / Tech | Series D+ | $277.0M | $588.0M | same sector · same stage |
| Built Technologies, Inc. | Software / Tech | Series D+ | $277.6M | $451.0M | same sector · same stage |
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Bitonic Technology Labs, Inc. | Software / Tech | Series C | $1.8B | 85% |
| Bitfusion.io Inc. | Software / Tech | Series A | $27.7M | 84% |
| Amulet Technologies Ltd. | Software / Tech | Pre-Seed | $3.6M | 82% |
| BitFlow Labs Inc. | Software / Tech | Seed | $11.0M | 82% |
| Bit Digital, Inc | Software / Tech | Series C | $1.7B | 82% |
| Aleph Labs, Inc. | Software / Tech | Series B | $143.6M | 82% |
| Alembic Technologies, Inc. | Software / Tech | Series C | $644.1M | 81% |
| Dive Technologies Inc. | Software / Tech | Seed | $111.1M | 81% |
See where Bitmine Immersion Technologies, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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