BMNR vs. SHOP: Bitmine Immersion vs. Shopify Stock Comparison

Company Profile

Bitmine Immersion (BMNR) and Shopify (SHOP) both fall under the Software & Services industry group, but BMNR is classified in Software while SHOP is classified in IT Services.

Shopify (SHOP) has been public since May 20, 2015, giving it a longer listed trading history, while Bitmine Immersion (BMNR) listed on June 5, 2025 and still has a shorter public-market record.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

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 Shopify (SHOP) reports 16.83%, ranking against industry peers normally.

Both Bitmine Immersion (BMNR) at 0.00% and Shopify (SHOP) at 15.01% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

Shopify (SHOP) at 18.39% operates in the top operating margin quartile, ahead of Bitmine Immersion (BMNR) at 8.42%, which runs around its industry’s norm.

Profitability Metrics

Growth

Both companies are growing quickly, but Bitmine Immersion (BMNR) at 84.14% is the standout with revenue growth above its industry range; Shopify (SHOP) at 30.14% also sits in the top quartile.

Only one side can be read here: Shopify (SHOP) reports EPS growth of -39.47%, ranked against its industry; Bitmine Immersion (BMNR) has no EPS growth figure this period.

Growth Metrics

Financial Strength

Both Bitmine Immersion (BMNR) at 36.68 and Shopify (SHOP) at 4.86 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

Both Bitmine Immersion (BMNR) at 0.00 and Shopify (SHOP) at 0.01 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

Financial Strength Metrics

Dividends

Shopify (SHOP) 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.

Neither Bitmine Immersion (BMNR) nor Shopify (SHOP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: Shopify (SHOP) trades at 91.36 times trailing earnings, ranked against its peers, while Bitmine Immersion (BMNR) has no P/E ratio this period.

Both look expensive on sales: Shopify (SHOP) at 13.52 sits in the upper P/S ratio quartile, and Bitmine Immersion (BMNR) at 184.93 prices even higher, above its industry range.

Bitmine Immersion (BMNR) at 0.94 looks cheap against book in the lower P/B ratio quartile, while Shopify (SHOP) at 15.02 carries a premium in the upper quartile — a clear price-to-book gap.

Valuation Metrics