Bitmine Immersion Technologies (BMNP) Debt Ratio (2020 - 2026)
Bitmine Immersion Technologies' (BMNP) quarterly Debt Ratio came in at 0.0 in Q1 2026, down 99.91% on a YoY basis from 0.25 in Q1 2025, and down 99.9% quarter-over-quarter from 0.23 in Q2 2025.
Analysis
Bitmine Immersion Technologies (BMNP) Debt Ratio (2020 - 2026) Analysis & Trends
Bitmine Immersion Technologies (BMNP) has reported Debt Ratio for 7 consecutive years, with 0.0 the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Debt Ratio fell 99.91% year-over-year to 0.0; the trailing twelve-month figure through Feb 2026 stood at 0.0 (down 99.91% YoY), and the FY2024 full-year result was 0.45, up 181.61% from the prior year.
- Debt Ratio slipped to 0.0 in Q1 2026 per BMNP's latest filing, from 0.23 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.64 in Q1 2022 and bottomed at 0.0 in Q1 2026.
- Historically, Debt Ratio has averaged 0.25 across 5 years, with a median of 0.23 in 2025.
- The sharpest annual moves came in 2023 and 2026: Debt Ratio soared 419.48% in 2023, then plunged 99.91% in 2026.
- Over 5 years, Debt Ratio stood at 0.05 in 2022, then jumped by 419.48% to 0.25 in 2023, then slipped by 6.68% to 0.24 in 2024, then slipped by 4.0% to 0.23 in 2025, then plunged by 99.9% to 0.0 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.0, 0.23, and 0.25 for Q1 2026, Q2 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 53.91 Bn | 53.57 Bn | 40.81 Mn | - |
| 2 | Iren | 14.89 Bn | 7.32 Bn | 103.89 Mn | 0.49 |
| 3 | Hut 8 | 11.74 Bn | 4.95 Bn | 48.04 Mn | 0.77 |
| 4 | Riot Platforms | 7.69 Bn | 7.14 Bn | 84.97 Mn | 0.26 |
| 5 | Argo Blockchain | 6.35 Bn | 6.34 Bn | - | 0.07 |
| 6 | MARA Holdings | 4.48 Bn | 4.04 Bn | - | 0.56 |
| 7 | Cleanspark | 3.59 Bn | 3.38 Bn | - | 0.67 |
| 8 | Bitdeer Technologies | 2.57 Bn | 2.11 Bn | -8.53 Mn | 0.35 |
| 9 | Keel Infrastructure | 2.26 Bn | 2.26 Bn | -86.75 Mn | 0.73 |
| 10 | HIVE Digital Technologies | 841.35 Mn | 602.32 Mn | -29.49 Mn | 0.01 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Feb 28, 2026 | 0.00 |
| May 31, 2025 | 0.23 |
| Feb 28, 2025 | 0.25 |
| Nov 30, 2024 | 0.24 |
| Aug 31, 2024 | 0.45 |
| May 31, 2024 | 0.20 |
| Feb 29, 2024 | 0.23 |
| Nov 30, 2023 | 0.25 |
| Aug 31, 2023 | 0.16 |
| May 31, 2023 | 0.15 |
| Feb 28, 2023 | 0.10 |
| Nov 30, 2022 | 0.05 |
| May 31, 2022 | 0.56 |
| Feb 28, 2022 | 0.64 |
| Nov 30, 2021 | 0.86 |
| Aug 31, 2021 | 0.86 |
| May 31, 2021 | 25.23 |
| Feb 28, 2021 | 25.93 |
| Aug 31, 2020 | 26.14 |