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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |