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) Gross Margin (2022 - 2026)

Bitmine Immersion Technologies' (BMNP) quarterly Gross Margin came in at 87.7% in Q2 2026, up 6377.0% on a YoY basis from 1.35% in Q2 2025, and up 0.7% quarter-over-quarter from 87.08% in Q1 2026.

Analysis

Bitmine Immersion Technologies (BMNP) Gross Margin (2022 - 2026) Analysis & Trends

Bitmine Immersion Technologies (BMNP) has reported Gross Margin for 5 consecutive years, with 87.7% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin rose 6377.0% year-over-year to 87.7%; the trailing twelve-month figure through May 2026 stood at 84.36% (up 6552.0% YoY), and the FY2025 full-year result was 5.09%, down 1791.0% from the prior year.
  • Gross Margin climbed to 87.7% in Q2 2026 per BMNP's latest filing, from 87.08% in the prior quarter.
  • Across five years, Gross Margin topped out at 87.7% in Q2 2026 and bottomed at 501.87% in Q2 2022.
  • Historically, Gross Margin has averaged 13.67% across 5 years, with a median of 22.14% in 2025.
  • The sharpest annual moves came in 2023 and 2024: Gross Margin soared 55093 bps in 2023, then sank 3097 bps in 2024.
  • Over 5 years, Gross Margin stood at 16.48% in 2022, then jumped by 224 bps to 20.36% in 2023, then plunged by 51 bps to 10.01% in 2024, then surged by 453 bps to 55.34% in 2025, then soared by 58 bps to 87.7% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 87.7%, 87.08%, and 55.34% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Bitmine Immersion Technologies 53.91 Bn 53.57 Bn 40.81 Mn 87.70%
2 Iren 14.89 Bn 7.32 Bn 103.89 Mn 75.71%
3 Hut 8 11.74 Bn 4.95 Bn 48.04 Mn 64.11%
4 Riot Platforms 7.69 Bn 7.14 Bn 84.97 Mn 48.77%
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 - -
8 Bitdeer Technologies 2.57 Bn 2.11 Bn -8.53 Mn -3.73%
9 Keel Infrastructure 2.26 Bn 2.26 Bn -86.75 Mn -285.09%
10 HIVE Digital Technologies 841.35 Mn 602.32 Mn -29.49 Mn -37.27%
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 87.70%
Feb 28, 2026 87.08%
Nov 30, 2025 55.34%
Aug 31, 2025 -5.06%
May 31, 2025 23.92%
Feb 28, 2025 20.09%
Nov 30, 2024 10.01%
Aug 31, 2024 16.37%
May 31, 2024 18.10%
Feb 29, 2024 36.30%
Nov 30, 2023 20.36%
Aug 31, 2023 44.37%
May 31, 2023 49.06%
Feb 28, 2023 38.84%
Nov 30, 2022 -16.48%
Aug 31, 2022 -263.69%
May 31, 2022 -501.87%
Feb 28, 2022 33.54%