BMNR vs. NBIS: Bitmine Immersion vs. Nebius Stock Comparison

November 11, 2026

How do Bitmine Immersion (BMNR) and Nebius (NBIS) 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 Nebius (NBIS) both belong to the Software industry, though BMNR is classified under Application Software while NBIS falls under Systems Software.

Company profile comparison for Bitmine Immersion (BMNR) and Nebius (NBIS)
Profile Item	BMNR	NBIS
Name	BitMine Immersion Technologies, Inc.	Nebius Group N.V. Class A Ordinary Shares
Country/Region	United States	Netherlands
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Software & Services
GICS Industry	Software	Software
GICS Sub-Industry	Application Software	Systems Software
Market Capitalization	11.32 billion USD	35.20 billion USD
Currency	USD	USD
Exchange	NYSE American	Nasdaq
Listing Date	June 5, 2025	October 21, 2024
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

BMNR

NBIS

GSPC

Bitmine Immersion (BMNR) vs. Nebius (NBIS), 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 Nebius (NBIS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Bitmine Immersion (BMNR) and Nebius (NBIS)
Metric	BMNR	NBIS
Total Return (1Y)	-52.72%	25.86%
Total Return (3Y, Annualized)	--	--
Total Return (5Y, Annualized)	--	--

Risk Profile

Drawdown History

BMNR

NBIS

GSPC

Bitmine Immersion (BMNR) vs. Nebius (NBIS), 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 Nebius (NBIS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Bitmine Immersion (BMNR) and Nebius (NBIS)
Metric	BMNR	NBIS
Volatility (1Y, Annualized)	89.23%	111.62%
Beta (5Y)	1.75	4.66
Max Drawdown (5Y)	-90.14%	-58.27%
Avg. Volume (3M)	36.95M	20.58M

Risk-Adjusted Performance

Risk-Return Positioning

BMNR and NBIS 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 Nebius (NBIS)
Metric	BMNR	NBIS
Sharpe Ratio (1Y)	-0.64	0.19
Sortino Ratio (1Y)	-0.93	0.31

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 Nebius (NBIS) reports 0.60%, 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%

NBIS

Software & Services industry group

0.60%

Max: 53.85%
Q3: 17.90%
Median: 6.59%
NBIS: 0.60%
Q1: -9.59%
Min: -50.52%

Bitmine Immersion (BMNR) vs. Nebius (NBIS): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Both Bitmine Immersion (BMNR) at 0.00% and Nebius (NBIS) at 3.13% 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%

NBIS

Software & Services industry group

3.13%

Max: 41.17%
Q3: 15.28%
Median: 4.63%
NBIS: 3.13%
Q1: -5.42%
Min: -33.17%

Bitmine Immersion (BMNR) vs. Nebius (NBIS): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Nebius (NBIS) reports a negative operating margin of -0.22%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Bitmine Immersion (BMNR) reports 8.42%, ranking against industry peers normally.

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%

NBIS

Software & Services industry group

-0.22%

Max: 46.89%
Q3: 17.64%
Median: 8.73%
NBIS: -0.22%
Q1: -2.13%
Min: -30.45%

Bitmine Immersion (BMNR) vs. Nebius (NBIS): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Bitmine Immersion (BMNR) and Nebius (NBIS)
Metric	BMNR	NBIS
ROE (TTM)	-150.91%	0.60%
ROA (TTM)	-3.17%	-1.92%
Net Margin (TTM)	0.00%	3.13%
Operating Margin (TTM)	8.42%	-0.22%
Gross Margin (TTM)	84.44%	74.26%

Growth

Revenue Growth

Both Bitmine Immersion (BMNR) at 84.14% and Nebius (NBIS) at 479.02% 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.

Bitmine Immersion (BMNR) vs. Nebius (NBIS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Neither Bitmine Immersion (BMNR) nor Nebius (NBIS) reports a EPS growth value for this period, so a direct comparison isn't possible.

Bitmine Immersion (BMNR) vs. Nebius (NBIS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Bitmine Immersion (BMNR) and Nebius (NBIS)
Metric	BMNR	NBIS
Revenue Growth (YoY)	84.14%	479.02%
Revenue Growth (3Y CAGR)	142.45%	239.83%
EPS Growth (YoY)	--	--
EPS Growth (3Y CAGR)	--	-28.68%

Financial Strength

Current Ratio (MRQ)

Both Bitmine Immersion (BMNR) at 36.68 and Nebius (NBIS) at 4.03 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

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

NBIS

Software & Services industry group

4.03

Max: 5.11
NBIS: 4.03
Q3: 2.77
Median: 1.67
Q1: 1.01
Min: 0.03

Bitmine Immersion (BMNR) vs. Nebius (NBIS): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Bitmine Immersion (BMNR) at 0.00 keeps leverage in the lower industry quartile, while Nebius (NBIS) at 0.99 runs a more typical debt-to-equity mix.

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

NBIS

Software & Services industry group

0.99

Max: 2.52
Q3: 1.13
NBIS: 0.99
Median: 0.40
Q1: 0.07
Min: 0.00

Bitmine Immersion (BMNR) vs. Nebius (NBIS): 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 Nebius (NBIS)
Metric	BMNR	NBIS
Current Ratio (MRQ)	36.68	4.03
Debt / Equity (MRQ)	0.00	0.99
Net Debt / EBITDA	--	8.35

Dividends

Dividend Yield (TTM)

Nebius (NBIS) 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%

NBIS

Software & Services industry group

0.00%

NBIS: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Bitmine Immersion (BMNR) vs. Nebius (NBIS): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Bitmine Immersion (BMNR) nor Nebius (NBIS) 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%

NBIS

Software & Services industry group

0.00%

NBIS: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Bitmine Immersion (BMNR) vs. Nebius (NBIS): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Bitmine Immersion (BMNR) and Nebius (NBIS)
Metric	BMNR	NBIS
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: Nebius (NBIS) trades at 101.16 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: --

NBIS

Software & Services industry group

101.16

Max: 112.94
NBIS: 101.16
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69

Bitmine Immersion (BMNR) vs. Nebius (NBIS): BMNR does not report P/E ratio, so it has no value marker; NBIS is benchmarked against the Software & Services industry group.

P/S Ratio (TTM)

Investors are paying well above the peer range per dollar of sales for both Bitmine Immersion (BMNR) at 184.93 and Nebius (NBIS) at 25.98 — each P/S ratio clears its industry’s benchmark range.

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

NBIS

Software & Services industry group

25.98

NBIS: 25.98
Max: 17.91
Q3: 8.78
Median: 4.25
Q1: 2.23
Min: 0.02

Bitmine Immersion (BMNR) vs. Nebius (NBIS): 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 Nebius (NBIS) at 3.43 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

NBIS

Software & Services industry group

3.43

Max: 16.63
Q3: 8.50
Median: 4.30
NBIS: 3.43
Q1: 1.92
Min: -3.90

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

Valuation Metrics

Valuation metrics for Bitmine Immersion (BMNR) and Nebius (NBIS)
Metric	BMNR	NBIS
P/E Ratio (TTM)	--	101.16
P/S Ratio (TTM)	184.93	25.98
P/B Ratio (MRQ)	0.94	3.43
Free Cash Flow Yield (TTM)	-4.58%	-27.31%