BTDR vs BMNR Stock Comparison

Bitdeer Technologies and Bitmine Immersion Technologies Prices as of Oct 27, 2026 Peers: Industry group

Head to Head

6 decided of 12

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

QuestionBTDRBMNRLeader
Larger companyMarket capitalisation $1.78B $12.54B BMNR
Cheaper on earningsLower P/E, profitable companies only -2.2x -1.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — –
Faster revenue growthRevenue growth, trailing twelve months +127.7% +1,022.4% BMNR
More profitableNet margin, trailing twelve months -87.4% -14,334.2% BTDR
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 -68.8% -59.7% BMNR
Better 5-year returnAnnualised price return, 5 years -5.4%/yr — –
Less volatileAnnualised volatility, 1 year 103.3% 89.6% BMNR
Higher overall scoreMean of the five percentile scores vs peers 25/100 28/100 BMNR

Percentile Scorecard

BTDRBMNR

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

AxisBTDRBMNR
Valuation 33 #67 of 99 15 #84 of 99
Growth 23 #73 of 94 14 #81 of 94
Profitability 34 #60 of 90 10 #81 of 90
Financial Health 28 #76 of 105 99 #2 of 105
Shareholder Returns 8 #56 of 61 0 #61 of 61
Overall 25 28
  • BTDR ranked among 109 companies in Fintech
  • BMNR ranked among 109 companies in Fintech

Price Performance

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

Returns

PeriodBTDRBMNRSPY
1 month -34.5%-21.5% -0.2%
3 months -26.7%+23.0% +3.9%
6 months -33.3%+0.7% +8.2%
Year to date -32.7%-20.3% +12.9%
1 year -68.8%-59.7% +12.3%
3 years +99.5%— +87.4%
3 years, per year +25.9%— +23.3%
5 years -24.2%— +67.9%
5 years, per year -5.4%— +10.9%

Risk

MeasureBTDRBMNRSPY
Volatility, 1Y 103.3%89.6% 12.7%
Downside volatility, 1Y 108.7%88.3% 12.7%
Beta vs S&P 500, 1Y 4.033.84 1.00
Return / volatility, 1Y -0.67-0.67 0.97
Max drawdown, 5Y -79.5%-90.1% -25.4%
From 52-week high -68.8%-59.7% -1.2%
52-week high $24.16$53.71 $779.14
52-week low $6.96$13.31 $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.

MultipleBTDRBMNR
P/E now vs peer median -2.2xmedian 20.0x -1.4xmedian 20.0x
P/S now vs peer median 2.2xmedian 2.3x 204.9xmedian 2.3x
EV/EBITDA now vs peer median 12.2xmedian 17.5x -1.4xmedian 17.5x
P/FCF now vs peer median -1.5xmedian 15.9x -42.6xmedian 15.9x
P/B now vs peer median 1.6xmedian 2.0x 1.1xmedian 2.0x
PEG now vs peer median 0.02median 1.03 0.01median 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 monthsBTDRBMNR
Revenue $812.19M $61.19M
Gross profit $3.20M $51.63M
Operating income -$329.95M -$8.88B
Net income -$601.10M -$8.75B
Free cash flow -$1.18B -$294.56M
R&D $130.54M –
EPS (diluted) $-5.17 $-19.76
Cash & equivalents $456.84M $340.29M
Total debt $4.10B –
Shares (diluted) 137.43M 443.95M
Enterprise value $699.16M $9.92B

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
MetricBTDRBMNR
P/E -2.2x -1.4x
P/FCF -1.5x -42.6x
P/Operating cash flow -1.1x -42.8x
P/S 2.2x 204.9x
P/B 1.6x 1.1x
P/Tangible book 1.7x 17.2x
EV/EBITDA 12.2x -1.4x
EV/EBIT -7.6x -1.4x
EV/Revenue 3.1x 199.3x
EV/FCF -2.1x -41.4x
EV/Operating cash flow -1.6x -41.6x
PEG (3Y EPS CAGR) 0.02 0.01

Growth

14 metrics
MetricBTDRBMNR
Revenue growth (1Y) 127.7% 1,022%
Revenue CAGR (3Y) 45.4% 409.8%
Gross profit growth (1Y) -79.8% 4,925%
Gross profit CAGR (3Y) -57.8% 915.3%
Operating income growth (1Y) 50.6% -303,259%
Operating income CAGR (3Y) -48.5% -1,575%
Net income growth (1Y) -1,232% -245,329%
Net income CAGR (3Y) -91.9% -1,536%
EPS growth (1Y) -31.6% -507.2%
EPS CAGR (3Y) -87.6% -189.0%
Operating cash flow growth (1Y) -56.6% -18,616%
Operating cash flow CAGR (3Y) – -465.8%
Free cash flow growth (1Y) -46.6% -18,922%
Free cash flow CAGR (3Y) – -369.4%

Profitability

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

Financial Health

11 metrics
MetricBTDRBMNR
Debt / assets 35.1% –
Debt / equity 1.1x –
Net debt / EBITDA 3.6x –
Debt / FCF -1.0x –
Liabilities / assets 68.0% 0.3%
Equity / assets 32.0% 99.7%
Interest coverage -3.0x –
Current ratio 1.0x 36.7x
Quick ratio 0.6x 28.0x
Cash ratio 0.5x 28.0x
Altman Z-score 0.06 246.17

Shareholder Returns

7 metrics
MetricBTDRBMNR
Dividend yield – 0.0%
Net buyback yield -48.2% -99.4%
Shareholder yield -48.2% -99.4%
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.

ConsensusBTDRBMNR
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
HoldersBTDRBMNR
Held by institutions 76.0% 42.5%
Institutions holding 237 438
Change in shares held, QoQ +48.3% +24.4%
Institutions buying 170 276
Institutions selling 47 93
Buyers to sellers 3.62 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.

BTDRBMNR
BTDR 1.00 0.51
BMNR 0.51 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BTDR and BMNR?

Bitmine Immersion Technologies (BMNR) is the largest by market capitalisation: Bitdeer Technologies (BTDR) $1.78B, Bitmine Immersion Technologies (BMNR) $12.54B.

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%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Bitmine Immersion Technologies (BMNR) returned the most: Bitdeer Technologies (BTDR) -68.8%, Bitmine Immersion Technologies (BMNR) -59.7%. 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) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bitmine Immersion Technologies (BMNR) has been the steadiest (Bitdeer Technologies (BTDR) 103.3%, Bitmine Immersion Technologies (BMNR) 89.6%). Volatility measures how widely the price swings, not the risk of the business.

Do BTDR and BMNR move together?

Their daily returns over the past year have a correlation of 0.51, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BTDR and BMNR?

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 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.