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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.

Company profile comparison for Bitmine Immersion (BMNR) and Circle Internet (CRCL)
Profile ItemBMNRCRCL
NameBitMine Immersion Technologies, Inc.Circle Internet Group, Inc. Class A
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustrySoftwareSoftware
GICS Sub-IndustryApplication SoftwareApplication Software
Market Capitalization11.32 billion USD17.41 billion USD
CurrencyUSDUSD
ExchangeNYSE AmericanNYSE
Listing DateJune 5, 2025June 5, 2025
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

BMNR
CRCL
GSPC
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Bitmine Immersion (BMNR) and Circle Internet (CRCL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Bitmine Immersion (BMNR) and Circle Internet (CRCL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Bitmine Immersion (BMNR) and Circle Internet (CRCL)
MetricBMNRCRCL
Total Return (1Y)-52.72%-33.88%
Total Return (3Y, Annualized)----
Total Return (5Y, Annualized)----

Risk Profile

Drawdown History

BMNR
CRCL
GSPC
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Bitmine Immersion (BMNR) and Circle Internet (CRCL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Bitmine Immersion (BMNR) and Circle Internet (CRCL)
MetricBMNRCRCL
Volatility (1Y, Annualized)89.23%96.01%
Beta (5Y)1.750.84
Max Drawdown (5Y)-90.14%-80.93%
Avg. Volume (3M)36.95M12.74M

Risk-Adjusted Performance

Risk-Return Positioning

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BMNR and CRCL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Bitmine Immersion (BMNR) and Circle Internet (CRCL)
MetricBMNRCRCL
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%
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): A comparison of their ROE against the Software & Services industry group benchmark.

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%
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): A comparison of their net margin against the Software & Services industry group benchmark.

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%
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Bitmine Immersion (BMNR) and Circle Internet (CRCL)
MetricBMNRCRCL
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.

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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): A comparison of their Revenue Growth across different time periods.

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.

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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Bitmine Immersion (BMNR) and Circle Internet (CRCL)
MetricBMNRCRCL
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
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): A comparison of their current ratio against the Software & Services industry group benchmark.

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
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Bitmine Immersion (BMNR) and Circle Internet (CRCL)
MetricBMNRCRCL
Current Ratio (MRQ)36.681.04
Debt / Equity (MRQ)0.000.00
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%
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): A comparison of their dividend yield against the Software & Services industry group benchmark.

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%
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Bitmine Immersion (BMNR) and Circle Internet (CRCL)
MetricBMNRCRCL
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
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): BMNR does not report P/E ratio, so it has no value marker; CRCL is benchmarked against the Software & Services industry group.

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
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): A comparison of their P/S ratio against the Software & Services industry group benchmark.

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
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Bitmine Immersion (BMNR) vs. Circle Internet (CRCL): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Bitmine Immersion (BMNR) and Circle Internet (CRCL)
MetricBMNRCRCL
P/E Ratio (TTM)--40.89
P/S Ratio (TTM)184.935.75
P/B Ratio (MRQ)0.944.50
Free Cash Flow Yield (TTM)-4.58%1.43%