BMNR vs BTCT vs TRXA Stock Comparison

Bitmine Immersion Technologies, BTC Digital and T-REX Acquisition Prices as of Oct 27, 2026 Peers: Industry group
BTCT BTC Digital Ltd.
$0.74 -37.8% 1M -72.0% 1Y
Market cap
$7.04M
P/E
–
Revenue (TTM)
—
Div. yield
–
Crypto Mining Technology

Head to Head

6 decided of 12

Bitmine Immersion Technologies leads on 3 of the 12 questions below (Bitmine Immersion Technologies 3, T-REX Acquisition 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBMNRBTCTTRXALeader
Larger companyMarket capitalisation $12.54B $7.04M $15.67M BMNR
Cheaper on earningsLower P/E, profitable companies only -1.4x -0.7x -4.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +1,022.4% — — –
More profitableNet margin, trailing twelve months -14,334.2% — -7,347.0% TRXA
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — -0.1x –
Higher dividend yieldTrailing dividend yield 0.05% — — –
Better 1-year returnPrice return, last 12 months -59.7% -72.0% +43.3% TRXA
Better 5-year returnAnnualised price return, 5 years — -71.0%/yr -10.5%/yr TRXA
Less volatileAnnualised volatility, 1 year 89.6% 143.5% 237.9% BMNR
Higher overall scoreMean of the five percentile scores vs peers 28/100 — 16/100 BMNR

Percentile Scorecard

BMNRBTCTTRXA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBMNRBTCTTRXA
Valuation 15 #84 of 99 59 #41 of 99 24 #76 of 99
Growth 14 #81 of 94 – 22 #74 of 94
Profitability 10 #81 of 90 – 2 #88 of 90
Financial Health 99 #2 of 105 90 #11 of 105 4 #101 of 105
Shareholder Returns 0 #61 of 61 – 27 #45 of 61
Overall 28 – 16
  • BMNR ranked among 109 companies in Fintech
  • BTCT ranked among 109 companies in Fintech
  • TRXA ranked among 109 companies in Fintech

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBMNRBTCTTRXASPY
1 month -21.5%-37.8%+43.3% -0.2%
3 months +23.0%+37.0%-13.1% +3.9%
6 months +0.7%-41.3%-14.0% +8.2%
Year to date -20.3%-43.1%-34.8% +12.9%
1 year -59.7%-72.0%+43.3% +12.3%
3 years —-78.0%+437.5% +87.4%
3 years, per year —-39.6%+75.2% +23.3%
5 years —-99.8%-42.7% +67.9%
5 years, per year —-71.0%-10.5% +10.9%
10 years ——+760.0% +261.1%
10 years, per year ——+24.0% +13.7%

Risk

MeasureBMNRBTCTTRXASPY
Volatility, 1Y 89.6%143.5%237.9% 12.7%
Downside volatility, 1Y 88.3%120.2%733.6% 12.7%
Beta vs S&P 500, 1Y 3.842.440.03 1.00
Return / volatility, 1Y -0.67-0.500.18 0.97
Max drawdown, 5Y -90.1%-99.9%-97.1% -25.4%
From 52-week high -59.7%-72.0%-78.4% -1.2%
52-week high $53.71$2.64$3.99 $779.14
52-week low $13.31$0.44$0.50 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBMNRBTCTTRXA
P/E now vs peer median -1.4xmedian 20.0x -0.7xmedian 20.0x -4.9xmedian 20.0x
P/S now vs peer median 204.9xmedian 2.3x 0.5xmedian 2.3x 358.0xmedian 2.3x
EV/EBITDA now vs peer median -1.4xmedian 17.5x —median 17.5x -5.8xmedian 17.5x
P/FCF now vs peer median -42.6xmedian 15.9x -0.5xmedian 15.9x -34.2xmedian 15.9x
P/B now vs peer median 1.1xmedian 2.0x 0.2xmedian 2.0x -10.9xmedian 2.0x
PEG now vs peer median 0.01median 1.03 —median 1.03 0.40median 1.03

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBMNRBTCTTRXA
Revenue $61.19M – $43.78K
Gross profit $51.63M – -$182.98K
Operating income -$8.88B – -$2.79M
Net income -$8.75B – -$3.22M
Free cash flow -$294.56M – -$457.82K
EPS (diluted) $-19.76 – $-0.12
Cash & equivalents $340.29M $400.00K $1.76K
Total debt – $3.70M $3.12M
Shares (diluted) 443.95M 8.22M 26.63M
Enterprise value $9.92B -$14.68M $15.62M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBMNRBTCTTRXA
P/E -1.4x -0.7x -4.9x
P/FCF -42.6x -0.5x -34.2x
P/Operating cash flow -42.8x – -34.2x
P/S 204.9x 0.5x 358.0x
P/B 1.1x 0.2x -10.9x
P/Tangible book 17.2x 0.2x -10.9x
EV/EBITDA -1.4x – -5.8x
EV/EBIT -1.4x – -5.7x
EV/Revenue 199.3x – 364.1x
EV/FCF -41.4x – -34.8x
EV/Operating cash flow -41.6x – -34.8x
PEG (3Y EPS CAGR) 0.01 – 0.40

Growth

14 metrics
MetricBMNRBTCTTRXA
Revenue growth (1Y) 1,022% – –
Revenue CAGR (3Y) 409.8% – -18.8%
Gross profit growth (1Y) 4,925% – -15,839%
Gross profit CAGR (3Y) 915.3% – -39.4%
Operating income growth (1Y) -303,259% – -164.8%
Operating income CAGR (3Y) -1,575% – -26.3%
Net income growth (1Y) -245,329% – -171.6%
Net income CAGR (3Y) -1,536% – -58.2%
EPS growth (1Y) -507.2% – -85.8%
EPS CAGR (3Y) -189.0% – -12.1%
Operating cash flow growth (1Y) -18,616% – 42.1%
Operating cash flow CAGR (3Y) -465.8% – -3.5%
Free cash flow growth (1Y) -18,922% – 42.1%
Free cash flow CAGR (3Y) -369.4% – 8.3%

Profitability

14 metrics
MetricBMNRBTCTTRXA
Gross margin 84.4% – -418.0%
EBITDA margin -14,504% – -6,265%
Operating margin -14,505% – -6,382%
Pretax margin -14,307% – -7,347%
Net margin -14,334% – -7,347%
FCF margin -481.4% – -1,046%
Operating cash flow margin -479.0% – -1,046%
Return on equity -81.6% – –
Return on assets -81.3% – -422.2%
Return on invested capital – – –
Return on capital employed -82.6% – –
Asset turnover 0.0x – 0.1x
Cash conversion (OCF / net income) 0.0x – 0.1x
Stock comp / revenue 24.6% – 631.7%

Financial Health

11 metrics
MetricBMNRBTCTTRXA
Debt / assets – 5.4% 39.3%
Debt / equity – 0.1x -0.2x
Net debt / EBITDA – – -0.1x
Debt / FCF – – -0.6x
Liabilities / assets 0.3% 6.9% 310.7%
Equity / assets 99.7% 93.1% -210.7%
Interest coverage – – -11.0x
Current ratio 36.7x 7.8x 0.0x
Quick ratio 28.0x 3.2x 0.0x
Cash ratio 28.0x 0.2x 0.0x
Altman Z-score 246.17 – -35.32

Shareholder Returns

7 metrics
MetricBMNRBTCTTRXA
Dividend yield 0.0% – –
Net buyback yield -99.4% – -2.8%
Shareholder yield -99.4% – -2.8%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBMNRBTCTTRXA
EPS, next fiscal year $-22.41FY2026 $-0.75FY2026 –
EPS growth, next FY -267.4%FY2026 – –
Revenue, next fiscal year $127.50MFY2026 $15.91MFY2026 –
Revenue growth, next FY +1,990.2%FY2026 +13.7%FY2026 –
Revenue growth, the year after +380.0% +17.7% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBMNRBTCTTRXA
Held by institutions 42.5% – –
Institutions holding 438 – –
Change in shares held, QoQ +24.4% – –
Institutions buying 276 – –
Institutions selling 93 – –
Buyers to sellers 2.97 – –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BMNRBTCTTRXA
BMNR 1.00 0.44 0.08
BTCT 0.44 1.00 0.01
TRXA 0.08 0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BMNR, BTCT and TRXA?

Bitmine Immersion Technologies (BMNR) is the largest by market capitalisation: Bitmine Immersion Technologies (BMNR) $12.54B, BTC Digital (BTCT) $7.04M, T-REX Acquisition (TRXA) $15.67M.

Which company is more profitable?

T-REX Acquisition (TRXA) has the highest net margin (Bitmine Immersion Technologies (BMNR) -14,334.2%, T-REX Acquisition (TRXA) -7,347.0%).

Which stock has performed better?

Over the past year T-REX Acquisition (TRXA) returned the most: Bitmine Immersion Technologies (BMNR) -59.7%, BTC Digital (BTCT) -72.0%, T-REX Acquisition (TRXA) +43.3%. Over five years, T-REX Acquisition (TRXA) compounded fastest (BTC Digital (BTCT) -71.0%/yr, T-REX Acquisition (TRXA) -10.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Bitmine Immersion Technologies (BMNR) 0.05%. BTC Digital (BTCT) and T-REX Acquisition (TRXA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bitmine Immersion Technologies (BMNR) has been the steadiest (Bitmine Immersion Technologies (BMNR) 89.6%, BTC Digital (BTCT) 143.5%, T-REX Acquisition (TRXA) 237.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BMNR, BTCT and TRXA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bitmine Immersion Technologies (BMNR) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.