Bitmine Immersion Technologies BMNP
NYSE BMNP
$97.70 -0.23 (-0.23%)
As of: Sep 8, 2026 · 3:42 PM EDT

Bitmine Immersion Technologies (BMNP) Cost of Revenue (2022 - 2026)

Bitmine Immersion Technologies' (BMNP) quarterly Cost of Revenue came in at $5.7 million in Q2 2026, up 228.7% on a YoY basis from $1.7 million in Q2 2025, and up 301.54% quarter-over-quarter from $1.4 million in Q1 2026.

Analysis

Bitmine Immersion Technologies (BMNP) Cost of Revenue (2022 - 2026) Analysis & Trends

Bitmine Immersion Technologies (BMNP) has reported Cost of Revenue for 5 consecutive years, with $5.7 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Cost of Revenue rose 228.7% year-over-year to $5.7 million; the trailing twelve-month figure through May 2026 stood at $9.6 million (up 56.9% YoY), and the FY2025 full-year result was $5.8 million, up 66.57% from the prior year.
  • Cost of Revenue rose to $5.7 million in Q2 2026 per BMNP's latest filing, from $1.4 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $5.7 million in Q2 2026 and bottomed at -$27193.0 in Q3 2023.
  • Historically, Cost of Revenue has averaged $1.0 million across 5 years, with a median of $772471.5 in 2024.
  • The sharpest annual moves came in 2023 and 2024: Cost of Revenue plunged 112.09% in 2023, then surged 6370.42% in 2024.
  • Over 5 years, Cost of Revenue stood at $118475.0 in 2022, then jumped by 88.18% to $222942.0 in 2023, then jumped by 443.19% to $1.2 million in 2024, then fell by 15.44% to $1.0 million in 2025, then soared by 459.18% to $5.7 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $5.7 million, $1.4 million, and $1.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Bitmine Immersion Technologies 53.91 Bn 53.57 Bn 40.81 Mn 5.73 Mn
2 Iren 14.89 Bn 7.32 Bn 103.89 Mn 33.34 Mn
3 Hut 8 11.74 Bn 4.95 Bn 48.04 Mn 26.89 Mn
4 Riot Platforms 7.69 Bn 7.14 Bn 84.97 Mn 89.26 Mn
5 Argo Blockchain 6.35 Bn 6.34 Bn - -
6 MARA Holdings 4.48 Bn 4.04 Bn - -
7 Cleanspark 3.59 Bn 3.38 Bn - 85.48 Mn
8 Bitdeer Technologies 2.57 Bn 2.11 Bn -8.53 Mn 237.31 Mn
9 Keel Infrastructure 2.26 Bn 2.26 Bn -86.75 Mn 117.18 Mn
10 HIVE Digital Technologies 841.35 Mn 602.32 Mn -29.49 Mn 108.61 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 5.73 Mn
Feb 28, 2026 1.43 Mn
Nov 30, 2025 1.02 Mn
Aug 31, 2025 1.39 Mn
May 31, 2025 1.74 Mn
Feb 28, 2025 1.44 Mn
Nov 30, 2024 1.21 Mn
Aug 31, 2024 1.71 Mn
May 31, 2024 988,094.00
Feb 29, 2024 556,849.00
Nov 30, 2023 222,942.00
Aug 31, 2023 -27,193.00
May 31, 2023 72,392.00
Feb 28, 2023 93,957.00
Nov 30, 2022 118,475.00
Aug 31, 2022 224,863.00
May 31, 2022 99,711.00
Feb 28, 2022 232,125.00