BMNR vs WDC vs IREN Stock Comparison

Bitmine Immersion Technologies, Western Digital and Iren Prices as of Oct 29, 2026 Peers: Industry group
WDC Western Digital Corp
$395.41 -12.8% 1M +179.7% 1Y
Market cap
$136.16B
P/E
13.6x
Revenue (TTM)
$14.48B
Div. yield
0.00%
Server and Storage Hardware Technology
5 wins
IREN IREN Ltd
$26.25 -36.6% 1M -56.6% 1Y
Market cap
$7.69B
P/E
–
Revenue (TTM)
$707.01M
Div. yield
–
Crypto Mining Technology
1 win

Head to Head

7 decided of 12

Western Digital leads on 5 of the 12 questions below (Western Digital 5, Bitmine Immersion Technologies 1, Iren 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBMNRWDCIRENLeader
Larger companyMarket capitalisation $11.13B $136.16B $7.69B WDC
Cheaper on earningsLower P/E, profitable companies only -1.3x 13.6x -10.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 16.4x — –
Faster revenue growthRevenue growth, trailing twelve months +1,022.4% +43.0% +41.1% BMNR
More profitableNet margin, trailing twelve months -14,334.2% 69.2% -99.4% WDC
Better return on capitalReturn on invested capital — 53.8% — –
Less leveragedLower net debt / EBITDA — -0.1x -2.7x IREN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
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 — –
Less volatileAnnualised volatility, 1 year 89.5% 80.4% 106.2% WDC
Higher overall scoreMean of the five percentile scores vs peers 28/100 79/100 40/100 WDC

Percentile Scorecard

BMNRWDCIREN

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

AxisBMNRWDCIREN
Valuation 15 #84 of 99 49 #58 of 112 46 #54 of 99
Growth 15 #80 of 94 98 #3 of 108 34 #62 of 94
Profitability 11 #80 of 90 98 #3 of 104 37 #57 of 90
Financial Health 99 #2 of 105 67 #39 of 116 46 #57 of 105
Shareholder Returns 0 #60 of 60 83 #14 of 78 36 #39 of 60
Overall 28 79 40
  • BMNR ranked among 109 companies in Fintech
  • WDC ranked among 121 companies in Computer Hardware
  • IREN ranked among 109 companies in Fintech

Price Performance

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

Returns

PeriodBMNRWDCIRENSPY
1 month -19.0%-12.8%-36.6% +0.7%
3 months +19.8%-25.8%-31.4% +3.7%
6 months +1.2%-9.0%-42.3% +7.1%
Year to date -20.2%+129.5%-30.5% +12.8%
1 year -56.5%+179.7%-56.6% +11.9%
3 years —+1,151.7%+772.1% +85.2%
3 years, per year —+132.3%+105.9% +22.8%
5 years —+900.5%— +67.6%
5 years, per year —+58.6%— +10.9%
10 years —+783.6%— +262.0%
10 years, per year —+24.3%— +13.7%

Risk

MeasureBMNRWDCIRENSPY
Volatility, 1Y 89.5%80.4%106.2% 12.7%
Downside volatility, 1Y 88.3%82.1%101.2% 12.6%
Beta vs S&P 500, 1Y 3.853.174.06 1.00
Return / volatility, 1Y -0.632.23-0.53 0.94
Max drawdown, 5Y -90.1%-55.5%-95.7% -25.4%
From 52-week high -56.5%-47.0%-65.6% -1.2%
52-week high $49.76$746.23$76.41 $779.14
52-week low $13.31$138.13$24.91 $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.

MultipleBMNRWDCIREN
P/E now vs peer median -1.4xmedian 19.5x 14.4xmedian 32.9x -11.8xmedian 19.5x
P/S now vs peer median 205.2xmedian 2.2x 10.2xmedian 2.9x 28.3xmedian 2.2x
EV/EBITDA now vs peer median -1.4xmedian 17.8x 24.2xmedian 20.0x -35.0xmedian 17.8x
P/FCF now vs peer median -42.6xmedian 16.1x 34.5xmedian 30.2x -22.3xmedian 16.1x
P/B now vs peer median 1.1xmedian 2.0x 15.8xmedian 2.9x 4.8xmedian 2.0x
PEG now vs peer median 0.01median 0.98 0.19median 1.08 -1.65median 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 monthsBMNRWDCIREN
Revenue $61.19M $14.48B $707.01M
Gross profit $51.63M $7.62B $487.30M
Operating income -$8.88B $5.71B -$1.05B
Net income -$8.75B $10.02B -$702.62M
Free cash flow -$294.56M $4.29B -$897.59M
R&D – $1.15B –
EPS (diluted) $-19.76 $26.10 $-2.22
Cash & equivalents $340.29M $1.31B $5.90B
Total debt – $12.58B $7.59B
Shares (diluted) 443.95M 384.00M 316.12M
Enterprise value $8.51B $125.99B -$4.71B

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
MetricBMNRWDCIREN
P/E -1.4x 14.4x -11.8x
P/FCF -42.6x 34.5x -22.3x
P/Operating cash flow -42.8x 30.4x 9.5x
P/S 205.2x 10.2x 28.3x
P/B 1.1x 15.8x 4.8x
P/Tangible book 17.2x 15.8x 5.2x
EV/EBITDA -1.4x 24.2x -35.0x
EV/EBIT -1.4x 25.8x -20.7x
EV/Revenue 199.6x 10.2x 30.7x
EV/FCF -41.5x 34.4x -24.1x
EV/Operating cash flow -41.7x 30.3x 10.3x
PEG (3Y EPS CAGR) 0.01 0.19 -1.65

Growth

14 metrics
MetricBMNRWDCIREN
Revenue growth (1Y) 1,022% 43.0% 41.1%
Revenue CAGR (3Y) 409.8% 57.4% 114.7%
Gross profit growth (1Y) 4,925% 85.2% 42.5%
Gross profit CAGR (3Y) 915.3% 126.7% –
Operating income growth (1Y) -303,259% 104.4% -6,141%
Operating income CAGR (3Y) -1,575% 85.5% -89.4%
Net income growth (1Y) -245,329% 288.7% -908.2%
Net income CAGR (3Y) -1,536% 83.2% -66.5%
EPS growth (1Y) -507.2% 286.8% -670.7%
EPS CAGR (3Y) -189.0% 75.8% 7.2%
Operating cash flow growth (1Y) -18,616% 108.7% 754.2%
Operating cash flow CAGR (3Y) -465.8% 88.3% –
Free cash flow growth (1Y) -18,922% 121.1% -174.0%
Free cash flow CAGR (3Y) -369.4% 66.0% –

Profitability

14 metrics
MetricBMNRWDCIREN
Gross margin 84.4% 52.6% 68.9%
EBITDA margin -14,504% 42.1% -87.6%
Operating margin -14,505% 39.4% -148.0%
Pretax margin -14,307% 73.2% -100.2%
Net margin -14,334% 69.2% -99.4%
FCF margin -481.4% 29.6% -127.0%
Operating cash flow margin -479.0% 33.6% 297.1%
Return on equity -81.6% 110.0% -20.5%
Return on assets -81.3% 71.3% -6.1%
Return on invested capital – 53.8% –
Return on capital employed -82.6% 57.3% -11.2%
Asset turnover 0.0x 1.0x 0.1x
Cash conversion (OCF / net income) 0.0x 0.5x -3.0x
Stock comp / revenue 24.6% 1.6% 29.0%

Financial Health

11 metrics
MetricBMNRWDCIREN
Debt / assets – 5.5% 48.1%
Debt / equity – 0.1x 1.8x
Net debt / EBITDA – -0.1x -2.7x
Debt / FCF – 0.2x -8.5x
Liabilities / assets 0.3% 34.3% 73.5%
Equity / assets 99.7% 65.7% 26.5%
Interest coverage – 48.8x -17.7x
Current ratio 36.7x 1.4x 3.6x
Quick ratio 28.0x 0.9x 2.7x
Cash ratio 28.0x 0.3x 2.7x
Altman Z-score 246.51 21.56 1.17

Shareholder Returns

7 metrics
MetricBMNRWDCIREN
Dividend yield 0.0% 0.1% –
Net buyback yield -99.3% 2.0% 0.0%
Shareholder yield -99.2% 2.2% 0.0%
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.

ConsensusBMNRWDCIREN
Forward P/E – 16.4xFY2027 –
EPS, next fiscal year $-22.41FY2026 $24.04FY2027 $-1.99FY2027
EPS growth, next FY -267.4%FY2026 +135.2%FY2027 –
EPS growth, the year after – +70.9% –
Revenue, next fiscal year $127.50MFY2026 $20.04BFY2027 $2.54BFY2027
Revenue growth, next FY +1,990.2%FY2026 +55.1%FY2027 +260.0%FY2027
Revenue growth, the year after +380.0% +39.2% +194.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBMNRWDCIREN
Held by institutions 42.5% 93.7% 55.7%
Institutions holding 439 1,847 669
Change in shares held, QoQ +24.4% -1.3% +36.8%
Institutions buying 277 1,128 464
Institutions selling 93 597 138
Buyers to sellers 2.98 1.89 3.36

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.

BMNRWDCIREN
BMNR 1.00 0.31 0.52
WDC 0.31 1.00 0.45
IREN 0.52 0.45 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BMNR, WDC and IREN?

Western Digital (WDC) is the largest by market capitalisation: Bitmine Immersion Technologies (BMNR) $11.13B, Western Digital (WDC) $136.16B, Iren (IREN) $7.69B.

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%, Iren (IREN) +41.1%.

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%, Iren (IREN) -99.4%).

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%, Iren (IREN) -56.6%. Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Bitmine Immersion Technologies (BMNR) 0.00%, Western Digital (WDC) 0.00%, Iren (IREN) 0.00%. Bitmine Immersion Technologies (BMNR) and Iren (IREN) 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%, Iren (IREN) 106.2%). Volatility measures how widely the price swings, not the risk of the business.

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

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 5. 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.