Bitmine Immersion Technologies (BMNP) Gross Profit (2022 - 2026)
Bitmine Immersion Technologies' (BMNP) quarterly Gross Profit came in at $40.8 million in Q2 2026, up 8213.57% on a YoY basis from $490872.0 in Q2 2025, and up 324.43% quarter-over-quarter from $9.6 million in Q1 2026.
Analysis
Bitmine Immersion Technologies (BMNP) Gross Profit (2022 - 2026) Analysis & Trends
Bitmine Immersion Technologies (BMNP) has reported Gross Profit for 5 consecutive years, with $40.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Profit rose 8213.57% year-over-year to $40.8 million; the trailing twelve-month figure through May 2026 stood at $51.6 million (up 4924.78% YoY), and the FY2025 full-year result was $310000.0, down 59.27% from the prior year.
- Gross Profit rose to $40.8 million in Q2 2026 per BMNP's latest filing, from $9.6 million in the prior quarter.
- Across five years, Gross Profit topped out at $40.8 million in Q2 2026 and bottomed at -$163035.0 in Q3 2022.
- Historically, Gross Profit has averaged $3.0 million across 5 years, with a median of $114392.0 in 2022.
- The sharpest annual moves came in 2025 and 2026: Gross Profit plunged 160.02% in 2025, then jumped 8213.57% in 2026.
- Over 5 years, Gross Profit stood at -$16759.0 in 2022, then surged by 721.05% to $104082.0 in 2023, then grew by 15.49% to $120205.0 in 2024, then jumped by 955.7% to $1.3 million in 2025, then soared by 3115.84% to $40.8 million in 2026.
- According to Business Quant data, Gross Profit over the past three periods registered $40.8 million, $9.6 million, and $1.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 3 | Hut 8 | 11.74 Bn | 4.95 Bn | 48.04 Mn |
| 4 | Riot Platforms | 7.69 Bn | 7.14 Bn | 84.97 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 | - |
| 8 | Bitdeer Technologies | 2.57 Bn | 2.11 Bn | -8.53 Mn |
| 9 | Keel Infrastructure | 2.26 Bn | 2.26 Bn | -86.75 Mn |
| 10 | HIVE Digital Technologies | 841.35 Mn | 602.32 Mn | -29.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 40.81 Mn |
| Feb 28, 2026 | 9.62 Mn |
| Nov 30, 2025 | 1.27 Mn |
| Aug 31, 2025 | -67,000.00 |
| May 31, 2025 | 490,872.00 |
| Feb 28, 2025 | 304,716.00 |
| Nov 30, 2024 | 120,205.00 |
| Aug 31, 2024 | 111,636.00 |
| May 31, 2024 | 221,687.00 |
| Feb 29, 2024 | 323,622.00 |
| Nov 30, 2023 | 104,082.00 |
| Aug 31, 2023 | 108,861.00 |
| May 31, 2023 | 69,734.00 |
| Feb 28, 2023 | 60,633.00 |
| Nov 30, 2022 | -16,759.00 |
| Aug 31, 2022 | -163,035.00 |
| May 31, 2022 | -83,144.00 |
| Feb 28, 2022 | 117,148.00 |