BMNR vs WDC vs CLSK Stock Comparison

Bitmine Immersion Technologies, Western Digital and Cleanspark Prices as of Oct 29, 2026 Peers: Industry group
WDC Western Digital Corp
$395.41 -12.8% 1M +179.7% 1Y
Market cap
$148.01B
P/E
14.4x
Revenue (TTM)
$14.48B
Div. yield
0.14%
Server and Storage Hardware Technology
8 wins
CLSK Cleanspark, Inc.
$8.20 -38.4% 1M -56.6% 1Y
Market cap
$2.11B
P/E
–
Revenue (TTM)
—
Div. yield
–
Crypto Mining Technology
1 win

Head to Head

10 decided of 12

Western Digital leads on 8 of the 12 questions below (Western Digital 8, Bitmine Immersion Technologies 1, Cleanspark 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBMNRWDCCLSKLeader
Larger companyMarket capitalisation $12.56B $148.01B $2.11B WDC
Cheaper on earningsLower P/E, profitable companies only -1.4x 14.4x -2.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 16.4x — –
Faster revenue growthRevenue growth, trailing twelve months +1,022.4% +43.0% — BMNR
More profitableNet margin, trailing twelve months -14,334.2% 69.2% — WDC
Better return on capitalReturn on invested capital — 53.8% -32.9% WDC
Less leveragedLower net debt / EBITDA — -0.1x -3.6x CLSK
Higher dividend yieldTrailing dividend yield 0.05% 0.14% — WDC
Better 1-year returnPrice return, last 12 months -56.5% +179.7% -56.6% WDC
Better 5-year returnAnnualised price return, 5 years — +58.6%/yr -16.6%/yr WDC
Less volatileAnnualised volatility, 1 year 89.5% 80.4% 90.0% WDC
Higher overall scoreMean of the five percentile scores vs peers 28/100 79/100 34/100 WDC

Percentile Scorecard

BMNRWDCCLSK

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

AxisBMNRWDCCLSK
Valuation 15 #84 of 99 49 #58 of 112 19 #80 of 99
Growth 15 #80 of 94 98 #3 of 108 2 #92 of 94
Profitability 11 #80 of 90 98 #3 of 104 17 #75 of 90
Financial Health 99 #2 of 105 67 #39 of 116 36 #68 of 105
Shareholder Returns 0 #60 of 60 83 #14 of 78 97 #3 of 60
Overall 28 79 34
  • BMNR ranked among 109 companies in Fintech
  • WDC ranked among 121 companies in Computer Hardware
  • CLSK ranked among 109 companies in Fintech

Price Performance

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

Returns

PeriodBMNRWDCCLSKSPY
1 month -19.0%-12.8%-38.4% +0.7%
3 months +19.8%-25.8%-43.6% +3.7%
6 months +1.2%-9.0%-34.6% +7.1%
Year to date -20.2%+129.5%-19.0% +12.8%
1 year -56.5%+179.7%-56.6% +11.9%
3 years —+1,151.7%+100.5% +85.2%
3 years, per year —+132.3%+26.1% +22.8%
5 years —+900.5%-59.5% +67.6%
5 years, per year —+58.6%-16.6% +10.9%
10 years —+783.6%— +262.0%
10 years, per year —+24.3%— +13.7%

Risk

MeasureBMNRWDCCLSKSPY
Volatility, 1Y 89.5%80.4%90.0% 12.7%
Downside volatility, 1Y 88.3%82.1%88.3% 12.6%
Beta vs S&P 500, 1Y 3.853.173.58 1.00
Return / volatility, 1Y -0.632.23-0.63 0.94
Max drawdown, 5Y -90.1%-55.5%-92.0% -25.4%
From 52-week high -56.5%-47.0%-56.6% -1.2%
52-week high $49.76$746.23$18.89 $779.14
52-week low $13.31$138.13$7.77 $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.

MultipleBMNRWDCCLSK
P/E now vs peer median -1.4xmedian 19.5x 14.4xmedian 32.9x -2.1xmedian 19.5x
P/S now vs peer median 205.2xmedian 2.2x 10.2xmedian 2.9x —median 2.2x
EV/EBITDA now vs peer median -1.4xmedian 17.8x 24.2xmedian 20.0x -8.2xmedian 17.8x
P/FCF now vs peer median -42.6xmedian 16.1x 34.5xmedian 30.2x -3.4xmedian 16.1x
P/B now vs peer median 1.1xmedian 2.0x 15.8xmedian 2.9x 2.8xmedian 2.0x
PEG now vs peer median 0.01median 0.98 0.19median 1.08 0.03median 0.98

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 monthsBMNRWDCCLSK
Revenue $61.19M $14.48B –
Gross profit $51.63M $7.62B –
Operating income -$8.88B $5.71B -$893.80M
Net income -$8.75B $10.02B -$997.82M
Free cash flow -$294.56M $4.29B -$620.00M
R&D – $1.15B –
EPS (diluted) $-19.76 $26.10 $-3.83
Cash & equivalents $340.29M $1.31B $206.34M
Total debt – $12.58B $1.81B
Shares (diluted) 443.95M 384.00M 268.43M
Enterprise value $9.94B $137.84B $1.13B

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
MetricBMNRWDCCLSK
P/E -1.4x 14.4x -2.1x
P/FCF -42.6x 34.5x -3.4x
P/Operating cash flow -42.8x 30.4x -4.0x
P/S 205.2x 10.2x –
P/B 1.1x 15.8x 2.8x
P/Tangible book 17.2x 15.8x 3.2x
EV/EBITDA -1.4x 24.2x -8.2x
EV/EBIT -1.4x 25.8x -4.2x
EV/Revenue 199.6x 10.2x –
EV/FCF -41.5x 34.4x -6.0x
EV/Operating cash flow -41.7x 30.3x -7.0x
PEG (3Y EPS CAGR) 0.01 0.19 0.03

Growth

14 metrics
MetricBMNRWDCCLSK
Revenue growth (1Y) 1,022% 43.0% –
Revenue CAGR (3Y) 409.8% 57.4% –
Gross profit growth (1Y) 4,925% 85.2% –
Gross profit CAGR (3Y) 915.3% 126.7% –
Operating income growth (1Y) -303,259% 104.4% -454.0%
Operating income CAGR (3Y) -1,575% 85.5% -105.8%
Net income growth (1Y) -245,329% 288.7% -429.1%
Net income CAGR (3Y) -1,536% 83.2% -112.5%
EPS growth (1Y) -507.2% 286.8% -526.4%
EPS CAGR (3Y) -189.0% 75.8% -61.7%
Operating cash flow growth (1Y) -18,616% 108.7% -24.6%
Operating cash flow CAGR (3Y) -465.8% 88.3% -150.7%
Free cash flow growth (1Y) -18,922% 121.1% -335.4%
Free cash flow CAGR (3Y) -369.4% 66.0% -345.1%

Profitability

14 metrics
MetricBMNRWDCCLSK
Gross margin 84.4% 52.6% –
EBITDA margin -14,504% 42.1% –
Operating margin -14,505% 39.4% –
Pretax margin -14,307% 73.2% –
Net margin -14,334% 69.2% –
FCF margin -481.4% 29.6% –
Operating cash flow margin -479.0% 33.6% –
Return on equity -81.6% 110.0% -118.0%
Return on assets -81.3% 71.3% -36.7%
Return on invested capital – 53.8% -32.9%
Return on capital employed -82.6% 57.3% -33.7%
Asset turnover 0.0x 1.0x –
Cash conversion (OCF / net income) 0.0x 0.5x 0.5x
Stock comp / revenue 24.6% 1.6% –

Financial Health

11 metrics
MetricBMNRWDCCLSK
Debt / assets – 5.5% 67.1%
Debt / equity – 0.1x 2.4x
Net debt / EBITDA – -0.1x -3.6x
Debt / FCF – 0.2x -2.9x
Liabilities / assets 0.3% 34.3% 71.8%
Equity / assets 99.7% 65.7% 28.2%
Interest coverage – 48.8x -69.6x
Current ratio 36.7x 1.4x 5.9x
Quick ratio 28.0x 0.9x 1.3x
Cash ratio 28.0x 0.3x 1.3x
Altman Z-score 246.51 21.56 –

Shareholder Returns

7 metrics
MetricBMNRWDCCLSK
Dividend yield 0.0% 0.1% –
Net buyback yield -99.3% 2.0% 43.8%
Shareholder yield -99.2% 2.2% 43.8%
Payout ratio (earnings) – 2.0% –
Payout ratio (FCF) – 4.6% –
Dividend growth (1Y) – 151.3% –
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.

ConsensusBMNRWDCCLSK
Forward P/E – 16.4xFY2027 –
EPS, next fiscal year $-22.41FY2026 $24.04FY2027 $-3.99FY2026
EPS growth, next FY -267.4%FY2026 +135.2%FY2027 -456.3%FY2026
EPS growth, the year after – +70.9% –
Revenue, next fiscal year $127.50MFY2026 $20.04BFY2027 $557.36MFY2026
Revenue growth, next FY +1,990.2%FY2026 +55.1%FY2027 -27.3%FY2026
Revenue growth, the year after +380.0% +39.2% +17.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBMNRWDCCLSK
Held by institutions 42.5% 93.7% 86.1%
Institutions holding 439 1,847 409
Change in shares held, QoQ +24.4% -1.3% +9.5%
Institutions buying 277 1,128 231
Institutions selling 93 597 114
Buyers to sellers 2.98 1.89 2.03

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.

BMNRWDCCLSK
BMNR 1.00 0.31 0.68
WDC 0.31 1.00 0.41
CLSK 0.68 0.41 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BMNR, WDC and CLSK?

Western Digital (WDC) is the largest by market capitalisation: Bitmine Immersion Technologies (BMNR) $12.56B, Western Digital (WDC) $148.01B, Cleanspark (CLSK) $2.11B.

Which company is growing faster?

Bitmine Immersion Technologies (BMNR) grew revenue fastest over the trailing twelve months: Bitmine Immersion Technologies (BMNR) +1,022.4%, Western Digital (WDC) +43.0%.

Which company is more profitable?

Western Digital (WDC) has the highest net margin (Bitmine Immersion Technologies (BMNR) -14,334.2%, Western Digital (WDC) 69.2%). On return on invested capital, Western Digital (WDC) leads (Western Digital (WDC) 53.8%, Cleanspark (CLSK) -32.9%).

Which stock has performed better?

Over the past year Western Digital (WDC) returned the most: Bitmine Immersion Technologies (BMNR) -56.5%, Western Digital (WDC) +179.7%, Cleanspark (CLSK) -56.6%. Over five years, Western Digital (WDC) compounded fastest (Western Digital (WDC) +58.6%/yr, Cleanspark (CLSK) -16.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Western Digital (WDC) has the highest dividend yield: Bitmine Immersion Technologies (BMNR) 0.05%, Western Digital (WDC) 0.14%. Cleanspark (CLSK) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Western Digital (WDC) has been the steadiest (Bitmine Immersion Technologies (BMNR) 89.5%, Western Digital (WDC) 80.4%, Cleanspark (CLSK) 90.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BMNR, WDC and CLSK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Western Digital (WDC) leads on 8. 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.