CIMG Inc.

AI-generated fair value estimate for this company.

Method: Net Asset Value / Bitcoin-treasury mark-to-market approach, not a DCF, because operating cash flow is deeply negative (-$17.6 million operating cash flow in FY2025) and the company has disclosed substantial doubt about its ability to continue as a going concern. NAV = 730 BTC (most recently disclosed holdings, Aug 2026) marked at the current spot price of $84,630.59 (Oct 2, 2026) = $61.78 million, plus non-BTC operating assets of approximately $1.87 million and cash of $5,397, minus total liabilities of $9.25 million (balance sheet items per the FY2026 Q3 10-Q, quarter ended June 30, 2026) = NAV of approximately $54.4 million; divided by 1,960,301,219 common shares outstanding (per the 10-Q cover page, Aug 13, 2026) = $0.0277/share, rounded to $0.03.

Reasoning: CIMG Inc (formerly Nuzee Inc) has pivoted from a legacy coffee-products business to a Bitcoin-treasury and China-based computing/server-infrastructure business, undergoing extreme share dilution (shares outstanding rose from roughly 90 million in May 2026 to 1.96 billion by August 2026) while facing an active Nasdaq delisting dispute and going-concern doubt, so its value is best approximated by realizable net asset value rather than a cash-flow projection on an unprofitable, rapidly changing business.