BTDR vs BMNR vs ABTC Stock Comparison

Bitdeer Technologies, Bitmine Immersion Technologies and American Bitcoin Prices as of Oct 28, 2026 Peers: Industry group
ABTC American Bitcoin Corp.
$7.97 -9.8% 1M +40.3% 1Y
Market cap
$569.71M
P/E
–
Revenue (TTM)
$271.67M
Div. yield
–
Crypto Mining Technology
3 wins

Head to Head

7 decided of 12

Bitmine Immersion Technologies leads on 3 of the 12 questions below (Bitmine Immersion Technologies 3, American Bitcoin 3, Bitdeer Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBTDRBMNRABTCLeader
Larger companyMarket capitalisation $1.87B $12.80B $569.71M BMNR
Cheaper on earningsLower P/E, profitable companies only -2.3x -1.4x -2.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +127.7% +1,022.4% +288.7% BMNR
More profitableNet margin, trailing twelve months -87.4% -14,334.2% -71.7% ABTC
Better return on capitalReturn on invested capital -14.4% — — –
Less leveragedLower net debt / EBITDA 3.6x — — –
Higher dividend yieldTrailing dividend yield — 0.05% — –
Better 1-year returnPrice return, last 12 months -67.2% -58.0% +40.3% ABTC
Better 5-year returnAnnualised price return, 5 years -4.4%/yr — -72.8%/yr BTDR
Less volatileAnnualised volatility, 1 year 103.5% 89.6% 283.4% BMNR
Higher overall scoreMean of the five percentile scores vs peers 25/100 28/100 31/100 ABTC

Percentile Scorecard

BTDRBMNRABTC

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

AxisBTDRBMNRABTC
Valuation 32 #68 of 99 16 #83 of 99 37 #63 of 99
Growth 23 #73 of 94 14 #81 of 94 57 #41 of 94
Profitability 34 #60 of 90 10 #81 of 90 38 #56 of 90
Financial Health 29 #75 of 105 99 #2 of 105 22 #82 of 105
Shareholder Returns 9 #54 of 59 0 #59 of 59 3 #57 of 59
Overall 25 28 31
  • BTDR ranked among 109 companies in Fintech
  • BMNR ranked among 109 companies in Fintech
  • ABTC ranked among 109 companies in Fintech

Price Performance

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

Returns

PeriodBTDRBMNRABTCSPY
1 month -28.2%-17.7%-9.8% +0.9%
3 months -11.0%+33.2%+53.6% +5.9%
6 months -26.9%+6.9%+599.1% +8.5%
Year to date -29.3%-18.6%+368.8% +13.3%
1 year -67.2%-58.0%+40.3% +12.4%
3 years +109.5%—-74.0% +88.1%
3 years, per year +28.0%—-36.2% +23.5%
5 years -20.2%—-99.9% +68.2%
5 years, per year -4.4%—-72.8% +11.0%

Risk

MeasureBTDRBMNRABTCSPY
Volatility, 1Y 103.5%89.6%283.4% 12.7%
Downside volatility, 1Y 109.1%88.6%113.1% 12.7%
Beta vs S&P 500, 1Y 4.043.853.14 1.00
Return / volatility, 1Y -0.65-0.650.14 0.98
Max drawdown, 5Y -79.5%-90.1%-100.0% -25.4%
From 52-week high -67.2%-58.0%-22.6% -0.9%
52-week high $24.11$52.54$10.30 $779.14
52-week low $6.96$13.31$0.62 $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.

MultipleBTDRBMNRABTC
P/E now vs peer median -2.3xmedian 19.6x -1.4xmedian 19.6x -2.9xmedian 19.6x
P/S now vs peer median 2.3xmedian 2.3x 209.2xmedian 2.3x 2.1xmedian 2.3x
EV/EBITDA now vs peer median 12.6xmedian 17.5x -1.4xmedian 17.5x -2.9xmedian 17.5x
P/FCF now vs peer median -1.6xmedian 15.9x -43.5xmedian 15.9x -5.7xmedian 15.9x
P/B now vs peer median 1.7xmedian 2.0x 1.1xmedian 2.0x 0.8xmedian 2.0x
PEG now vs peer median 0.03median 1.01 0.01median 1.01 -0.03median 1.01

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 monthsBTDRBMNRABTC
Revenue $812.19M $61.19M $271.67M
Gross profit $3.20M $51.63M $143.05M
Operating income -$329.95M -$8.88B -$289.70M
Net income -$601.10M -$8.75B -$194.92M
Free cash flow -$1.18B -$294.56M -$99.40M
R&D $130.54M – –
EPS (diluted) $-5.17 $-19.76 $-2.73
Cash & equivalents $456.84M $340.29M $18.35M
Total debt $4.10B – –
Shares (diluted) 137.43M 443.95M 71.49M
Enterprise value $788.67M $10.19B $529.51M

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
MetricBTDRBMNRABTC
P/E -2.3x -1.4x -2.9x
P/FCF -1.6x -43.5x -5.7x
P/Operating cash flow -1.1x -43.7x -5.7x
P/S 2.3x 209.2x 2.1x
P/B 1.7x 1.1x 0.8x
P/Tangible book 1.8x 17.6x 2.9x
EV/EBITDA 12.6x -1.4x -2.9x
EV/EBIT -7.9x -1.4x -1.9x
EV/Revenue 3.2x 203.7x 2.0x
EV/FCF -2.2x -42.3x -5.5x
EV/Operating cash flow -1.6x -42.5x -5.5x
PEG (3Y EPS CAGR) 0.03 0.01 -0.03

Growth

14 metrics
MetricBTDRBMNRABTC
Revenue growth (1Y) 127.7% 1,022% 288.7%
Revenue CAGR (3Y) 45.4% 409.8% 174.9%
Gross profit growth (1Y) -79.8% 4,925% 349.3%
Gross profit CAGR (3Y) -57.8% 915.3% 248.3%
Operating income growth (1Y) 50.6% -303,259% -273.1%
Operating income CAGR (3Y) -48.5% -1,575% -239.5%
Net income growth (1Y) -1,232% -245,329% -220.0%
Net income CAGR (3Y) -91.9% -1,536% -73.9%
EPS growth (1Y) -31.6% -507.2% -101.7%
EPS CAGR (3Y) -87.6% -189.0% 93.4%
Operating cash flow growth (1Y) -56.6% -18,616% -2.2%
Operating cash flow CAGR (3Y) – -465.8% -357.6%
Free cash flow growth (1Y) -46.6% -18,922% 3.3%
Free cash flow CAGR (3Y) – -369.4% -237.6%

Profitability

14 metrics
MetricBTDRBMNRABTC
Gross margin 0.4% 84.4% 52.7%
EBITDA margin 25.5% -14,504% -71.0%
Operating margin -40.6% -14,505% -106.6%
Pretax margin -39.1% -14,307% -72.9%
Net margin -87.4% -14,334% -71.7%
FCF margin -145.8% -481.4% -36.6%
Operating cash flow margin -200.1% -479.0% -36.6%
Return on equity -48.9% -81.6% -28.5%
Return on assets -13.7% -81.3% -14.9%
Return on invested capital -14.4% – –
Return on capital employed -13.6% -82.6% -24.8%
Asset turnover 0.2x 0.0x 0.2x
Cash conversion (OCF / net income) 2.7x 0.0x 0.5x
Stock comp / revenue 4.0% 24.6% 0.4%

Financial Health

11 metrics
MetricBTDRBMNRABTC
Debt / assets 35.1% – –
Debt / equity 1.1x – –
Net debt / EBITDA 3.6x – –
Debt / FCF -1.0x – –
Liabilities / assets 68.0% 0.3% 48.7%
Equity / assets 32.0% 99.7% 51.3%
Interest coverage -3.0x – –
Current ratio 1.0x 36.7x 0.2x
Quick ratio 0.6x 28.0x 0.1x
Cash ratio 0.5x 28.0x 0.1x
Altman Z-score 0.08 251.48 -0.29

Shareholder Returns

7 metrics
MetricBTDRBMNRABTC
Dividend yield – 0.0% –
Net buyback yield -45.9% -97.4% -67.0%
Shareholder yield -45.9% -97.3% -67.0%
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.

ConsensusBTDRBMNRABTC
EPS, next fiscal year $-1.75FY2026 $-22.41FY2026 –
EPS growth, next FY – -267.4%FY2026 –
Revenue, next fiscal year $969.71MFY2026 $127.50MFY2026 –
Revenue growth, next FY +56.3%FY2026 +1,990.2%FY2026 –
Revenue growth, the year after +62.6% +380.0% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBTDRBMNRABTC
Held by institutions 76.0% 42.5% 5.0%
Institutions holding 237 438 115
Change in shares held, QoQ +48.3% +24.4% +60.7%
Institutions buying 170 276 69
Institutions selling 47 93 17
Buyers to sellers 3.62 2.97 4.06

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.

BTDRBMNRABTC
BTDR 1.00 0.51 0.06
BMNR 0.51 1.00 0.18
ABTC 0.06 0.18 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BTDR, BMNR and ABTC?

Bitmine Immersion Technologies (BMNR) is the largest by market capitalisation: Bitdeer Technologies (BTDR) $1.87B, Bitmine Immersion Technologies (BMNR) $12.80B, American Bitcoin (ABTC) $569.71M.

Which company is growing faster?

Bitmine Immersion Technologies (BMNR) grew revenue fastest over the trailing twelve months: Bitdeer Technologies (BTDR) +127.7%, Bitmine Immersion Technologies (BMNR) +1,022.4%, American Bitcoin (ABTC) +288.7%.

Which company is more profitable?

American Bitcoin (ABTC) has the highest net margin (Bitdeer Technologies (BTDR) -87.4%, Bitmine Immersion Technologies (BMNR) -14,334.2%, American Bitcoin (ABTC) -71.7%).

Which stock has performed better?

Over the past year American Bitcoin (ABTC) returned the most: Bitdeer Technologies (BTDR) -67.2%, Bitmine Immersion Technologies (BMNR) -58.0%, American Bitcoin (ABTC) +40.3%. Over five years, Bitdeer Technologies (BTDR) compounded fastest (Bitdeer Technologies (BTDR) -4.4%/yr, American Bitcoin (ABTC) -72.8%/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%. Bitdeer Technologies (BTDR) and American Bitcoin (ABTC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bitmine Immersion Technologies (BMNR) has been the steadiest (Bitdeer Technologies (BTDR) 103.5%, Bitmine Immersion Technologies (BMNR) 89.6%, American Bitcoin (ABTC) 283.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BTDR, BMNR and ABTC?

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.