Bitmine Immersion (BMNR) Stock Analysis
This is a peer-relative look at Bitmine Immersion (BMNR): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Software & Services peers, so every number reads in context rather than in isolation.
Company Profile
| Profile Item | BMNR |
|---|---|
| Name | BitMine Immersion Technologies, Inc. |
| Country/Region | United States |
| GICS Sector | Information Technology |
| GICS Industry Group | Software & Services |
| GICS Industry | Software |
| GICS Sub-Industry | Application Software |
| Market Capitalization | 11.32 billion USD |
| Currency | USD |
| Exchange | NYSE American |
| Listing Date | June 5, 2025 |
| Security Type | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | Current stock: BMNR | Industry group median |
|---|---|---|
| Total Return (1Y) | -52.72% | -3.00% |
| Total Return (3Y, Annualized) | -- | 8.28% |
| Total Return (5Y, Annualized) | -- | -7.91% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | Current stock: BMNR | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 89.23% | 61.69% |
| Beta (5Y) | 1.75 | 1.06 |
| Max Drawdown (5Y) | -90.14% | -76.52% |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | Current stock: BMNR | Industry group median |
|---|---|---|
| Sharpe Ratio (1Y) | -0.64 | -0.13 |
| Sortino Ratio (1Y) | -0.93 | -0.19 |
Profitability
ROE (TTM)
Bitmine Immersion (BMNR) has negative ROE of -150.91%. That can come from trailing losses or negative book equity, so it is a warning state rather than a clean capital-efficiency measure.
BMNR
Software & Services industry group
-150.91%
Group distribution
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
- BMNR
- -150.91%
Largest peers
- ORCL
- 41.19%
- PLTR
- 40.91%
- IBM
- 34.77%
- MSFT
- 34.22%
- SAP
- 18.18%
- PANW
- 1.74%
- BMNR
- -150.91%
Net Margin (TTM)
Bitmine Immersion (BMNR) keeps 0.00% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.
BMNR
Software & Services industry group
0.00%
Group distribution
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- BMNR
- 0.00%
- Q1
- -5.42%
- Min
- -33.17%
Largest peers
- PLTR
- 50.34%
- MSFT
- 41.17%
- ORCL
- 26.36%
- SAP
- 20.41%
- IBM
- 15.99%
- PANW
- 2.67%
- BMNR
- 0.00%
Operating Margin (TTM)
Bitmine Immersion (BMNR) turns 8.42% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.
BMNR
Software & Services industry group
8.42%
Group distribution
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- BMNR
- 8.42%
- Q1
- -2.13%
- Min
- -30.45%
Largest peers
- MSFT
- 49.76%
- PLTR
- 46.89%
- ORCL
- 35.63%
- SAP
- 29.50%
- IBM
- 16.97%
- BMNR
- 8.42%
- PANW
- 5.40%
Profitability Metrics
| Metric | Current stock: BMNR | Industry group median |
|---|---|---|
| ROE (TTM) | -150.91% | 6.59% |
| ROA (TTM) | -3.17% | 2.45% |
| Net Margin (TTM) | 0.00% | 4.63% |
| Operating Margin (TTM) | 8.42% | 8.73% |
| Gross Margin (TTM) | 84.44% | 70.07% |
Growth
Revenue Growth
Bitmine Immersion (BMNR) grew revenue 84.14%, above the industry benchmark range. Demand is expanding faster than at any typical peer, though growth that far ahead of the group is worth checking for acquisitions or other one-off contributions.
EPS Growth
No usable EPS growth is available for Bitmine Immersion (BMNR) this period, so the earnings-momentum read is skipped.
Growth Metrics
| Metric | Current stock: BMNR | Industry group median |
|---|---|---|
| Revenue Growth (YoY) | 84.14% | 14.22% |
| Revenue Growth (3Y CAGR) | 142.45% | 13.52% |
| EPS Growth (YoY) | -- | 7.85% |
| EPS Growth (3Y CAGR) | -- | 18.19% |
Financial Strength
Current Ratio (MRQ)
Bitmine Immersion (BMNR) has current ratio of 36.68, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.
BMNR
Software & Services industry group
36.68
Group distribution
- BMNR
- 36.68
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
Largest peers
- BMNR
- 36.68
- PLTR
- 7.10
- MSFT
- 1.23
- ORCL
- 1.17
- SAP
- 1.16
- PANW
- 0.87
- IBM
- 0.86
Debt / Equity (MRQ)
Bitmine Immersion (BMNR) has debt-to-equity ratio of 0.00, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.
BMNR
Software & Services industry group
0.00
Group distribution
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- BMNR
- 0.00
- Min
- 0.00
Largest peers
- ORCL
- 2.52
- IBM
- 1.85
- MSFT
- 0.28
- SAP
- 0.23
- PANW
- 0.09
- PLTR
- 0.02
- BMNR
- 0.00
Financial Strength Metrics
| Metric | Current stock: BMNR | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 36.68 | 1.67 |
| Debt / Equity (MRQ) | 0.00 | 0.40 |
| Net Debt / EBITDA | -- | 0.17 |
Dividends
Dividend Yield (TTM)
Bitmine Immersion (BMNR) has dividend yield of 0.05%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.
BMNR
Software & Services industry group
0.05%
Group distribution
- BMNR
- 0.05%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- IBM
- 2.73%
- ORCL
- 1.74%
- SAP
- 1.03%
- MSFT
- 0.69%
- BMNR
- 0.05%
- PLTR
- 0.00%
- PANW
- 0.00%
Dividend Payout Ratio (TTM)
Bitmine Immersion (BMNR) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.
BMNR
Software & Services industry group
0.00%
Group distribution
- BMNR
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- IBM
- 57.51%
- SAP
- 36.45%
- ORCL
- 31.35%
- MSFT
- 19.00%
- BMNR
- 0.00%
- PLTR
- 0.00%
- PANW
- 0.00%
Dividend Metrics
| Metric | Current stock: BMNR | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 0.05% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
No usable P/E ratio is available for Bitmine Immersion (BMNR) this period, so the trailing-earnings valuation read is skipped.
BMNR
Software & Services industry group
--
Group distribution
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- BMNR
- --
Largest peers
- PANW
- 784.60
- PLTR
- 112.94
- SAP
- 29.07
- MSFT
- 27.69
- IBM
- 20.90
- ORCL
- 18.20
- BMNR
- --
P/S Ratio (TTM)
Bitmine Immersion (BMNR) trades at 184.93 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.
BMNR
Software & Services industry group
184.93
Group distribution
- BMNR
- 184.93
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
Largest peers
- BMNR
- 184.93
- PLTR
- 53.02
- PANW
- 22.37
- MSFT
- 11.37
- SAP
- 6.84
- ORCL
- 5.04
- IBM
- 3.31
P/B Ratio (MRQ)
Bitmine Immersion (BMNR) trades at 0.94 on P/B ratio, in the lower book-value quartile for its industry. Investors are paying less for the balance-sheet equity than they pay for most peers, with returns on that equity still central to the read.
BMNR
Software & Services industry group
0.94
Group distribution
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- BMNR
- 0.94
- Min
- -3.90
Largest peers
- SAP
- 73.25
- PLTR
- 34.41
- PANW
- 9.30
- MSFT
- 8.38
- IBM
- 6.52
- ORCL
- 5.68
- BMNR
- 0.94
Valuation Metrics
| Metric | Current stock: BMNR | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | -- | 32.91 |
| P/S Ratio (TTM) | 184.93 | 4.25 |
| P/B Ratio (MRQ) | 0.94 | 4.30 |
| Free Cash Flow Yield (TTM) | -4.58% | 3.98% |