BMNR vs. CRCL: Bitmine Immersion vs. Circle Internet Stock Comparison
How do Bitmine Immersion (BMNR) and Circle Internet (CRCL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Bitmine Immersion (BMNR) and Circle Internet (CRCL) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.
| Profile Item | BMNR | CRCL |
|---|---|---|
| Name | BitMine Immersion Technologies, Inc. | Circle Internet Group, Inc. Class A |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | Software |
| GICS Sub-Industry | Application Software | Application Software |
| Market Capitalization | 11.32 billion USD | 17.41 billion USD |
| Currency | USD | USD |
| Exchange | NYSE American | NYSE |
| Listing Date | June 5, 2025 | June 5, 2025 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BMNR | CRCL |
|---|---|---|
| Total Return (1Y) | -52.72% | -33.88% |
| Total Return (3Y, Annualized) | -- | -- |
| Total Return (5Y, Annualized) | -- | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BMNR | CRCL |
|---|---|---|
| Volatility (1Y, Annualized) | 89.23% | 96.01% |
| Beta (5Y) | 1.75 | 0.84 |
| Max Drawdown (5Y) | -90.14% | -80.93% |
| Avg. Volume (3M) | 36.95M | 12.74M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BMNR | CRCL |
|---|---|---|
| Sharpe Ratio (1Y) | -0.64 | -0.40 |
| Sortino Ratio (1Y) | -0.93 | -0.61 |
Profitability
ROE (TTM)
Bitmine Immersion (BMNR) reports a negative ROE of -150.91%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Circle Internet (CRCL) reports 13.44%, ranking against industry peers normally.
BMNR
Software & Services industry group
-150.91%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
- BMNR
- -150.91%
CRCL
Software & Services industry group
13.44%
- Max
- 53.85%
- Q3
- 17.90%
- CRCL
- 13.44%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
Both Bitmine Immersion (BMNR) at 0.00% and Circle Internet (CRCL) at 15.28% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
BMNR
Software & Services industry group
0.00%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- BMNR
- 0.00%
- Q1
- -5.42%
- Min
- -33.17%
CRCL
Software & Services industry group
15.28%
- Max
- 41.17%
- CRCL
- 15.28%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Circle Internet (CRCL) at 24.09% operates in the top operating margin quartile, ahead of Bitmine Immersion (BMNR) at 8.42%, which runs around its industry’s norm.
BMNR
Software & Services industry group
8.42%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- BMNR
- 8.42%
- Q1
- -2.13%
- Min
- -30.45%
CRCL
Software & Services industry group
24.09%
- Max
- 46.89%
- CRCL
- 24.09%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | BMNR | CRCL |
|---|---|---|
| ROE (TTM) | -150.91% | 13.44% |
| ROA (TTM) | -3.17% | 0.28% |
| Net Margin (TTM) | 0.00% | 15.28% |
| Operating Margin (TTM) | 8.42% | 24.09% |
| Gross Margin (TTM) | 84.44% | 26.58% |
Growth
Revenue Growth
Both Bitmine Immersion (BMNR) at 84.14% and Circle Internet (CRCL) at 63.86% are expanding revenue faster than their entire industry benchmark ranges for revenue growth — exceptional top-line momentum on both sides, though growth that far above the peer range is worth checking for one-off boosts such as acquisitions.
EPS Growth
Only one side can be read here: Circle Internet (CRCL) reports EPS growth of -640.54%, ranked against its industry; Bitmine Immersion (BMNR) has no EPS growth figure this period.
Growth Metrics
| Metric | BMNR | CRCL |
|---|---|---|
| Revenue Growth (YoY) | 84.14% | 63.86% |
| Revenue Growth (3Y CAGR) | 142.45% | 52.66% |
| EPS Growth (YoY) | -- | -640.54% |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Circle Internet (CRCL) at 1.04 keeps current ratio within its industry’s typical mid-range, while Bitmine Immersion (BMNR) at 36.68 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
BMNR
Software & Services industry group
36.68
- BMNR
- 36.68
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
CRCL
Software & Services industry group
1.04
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- CRCL
- 1.04
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Both Bitmine Immersion (BMNR) at 0.00 and Circle Internet (CRCL) at 0.00 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.
BMNR
Software & Services industry group
0.00
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- BMNR
- 0.00
- Min
- 0.00
CRCL
Software & Services industry group
0.00
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- CRCL
- 0.00
- Min
- 0.00
Financial Strength Metrics
| Metric | BMNR | CRCL |
|---|---|---|
| Current Ratio (MRQ) | 36.68 | 1.04 |
| Debt / Equity (MRQ) | 0.00 | 0.00 |
| Net Debt / EBITDA | -- | -4.68 |
Dividends
Dividend Yield (TTM)
Circle Internet (CRCL) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Bitmine Immersion (BMNR) reports a yield of 0.05%, ranking against industry peers normally.
BMNR
Software & Services industry group
0.05%
- BMNR
- 0.05%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
CRCL
Software & Services industry group
0.00%
- CRCL
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Bitmine Immersion (BMNR) nor Circle Internet (CRCL) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
BMNR
Software & Services industry group
0.00%
- BMNR
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
CRCL
Software & Services industry group
0.00%
- CRCL
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | BMNR | CRCL |
|---|---|---|
| Dividend Yield (TTM) | 0.05% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: Circle Internet (CRCL) trades at 40.89 times trailing earnings, ranked against its peers, while Bitmine Immersion (BMNR) has no P/E ratio this period.
BMNR
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- BMNR
- --
CRCL
Software & Services industry group
40.89
- Max
- 112.94
- Q3
- 60.32
- CRCL
- 40.89
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
Circle Internet (CRCL) at 5.75 prices around its industry’s typical P/S ratio, while Bitmine Immersion (BMNR) at 184.93 clears its benchmark range — BMNR looks notably rich on sales.
BMNR
Software & Services industry group
184.93
- BMNR
- 184.93
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
CRCL
Software & Services industry group
5.75
- Max
- 17.91
- Q3
- 8.78
- CRCL
- 5.75
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Bitmine Immersion (BMNR) at 0.94 sits in the lower P/B ratio quartile against book while Circle Internet (CRCL) at 4.50 is valued near its industry’s middle — BMNR is cheaper on assets, though weigh it against ROE and asset quality.
BMNR
Software & Services industry group
0.94
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- BMNR
- 0.94
- Min
- -3.90
CRCL
Software & Services industry group
4.50
- Max
- 16.63
- Q3
- 8.50
- CRCL
- 4.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | BMNR | CRCL |
|---|---|---|
| P/E Ratio (TTM) | -- | 40.89 |
| P/S Ratio (TTM) | 184.93 | 5.75 |
| P/B Ratio (MRQ) | 0.94 | 4.50 |
| Free Cash Flow Yield (TTM) | -4.58% | 1.43% |