Recently, I had some free time and used Gemini Pro 3.0, the strictest father in front-end development, $Alphabet(GOOGL.US), to develop a website that can track the MNAV of $BitMine Immersion Tech(BMNR.US) stocks in real-time. The platform I introduced earlier for tracking $BitMine Immersion Tech(BMNR.US) had data refresh limitations without a membership, making it impossible to track in real-time, which made it difficult to accurately capture fleeting premium/discount windows during trading.

To solve this problem, I rebuilt a real-time valuation system using the edge computing platform of $CloudFlare(NET.US). For beginners who are new to this stock, here’s a quick introduction—veterans can skip the intro and go straight to the link to use it.

The core logic of this platform is to treat BMNR as a shadow stock of crypto assets, dynamically calculating the current net asset premium level by aggregating real-time data streams of the underlying asset Ethereum and secondary market stock prices.

It mainly implements the following features:

Real-time quotes: The left side syncs with U.S. stock prices, while the right side anchors the current price of Ethereum. Data refreshes automatically every 3-10 seconds, completely eliminating the hassle of manual calculations.

Valuation model: The system automatically calculates the MNAV ratio, visually showing whether the current stock price is at a premium or discount relative to net asset value per share, helping to assess the margin of safety.

Interactive simulation: Provides a visual parameter simulator where users can freely set Ethereum’s target price or adjust the company’s holdings to reverse-calculate the theoretical stock price in real-time.

Extreme analysis: Uses a heatmap matrix to display valuation ranges under different market sentiments and price fluctuations, helping users assess risk boundaries.

This tool is purely for assisting in premium/discount analysis and value judgment, aiming to provide a clear value reference in a highly volatile market. Everyone is welcome to try it out.

Also, the creation of this tool wouldn’t have been possible without the enthusiastic sharing of Uncle Yaren @lyhalfway. Special thanks to him! If you find it useful, I’d shamelessly ask for a like. Feel free to leave suggestions for improvement in the comments~

Access the tool at: https://bmnr.pages.dev/