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) Operating Expenses (2020 - 2026)

Bitmine Immersion Technologies' (BMNP) quarterly Operating Expenses came in at $52.7 million in Q2 2026, up 6670.44% on a YoY basis from $778000.0 in Q2 2025, and down 98.63% quarter-over-quarter from $3.9 billion in Q1 2026.

Analysis

Bitmine Immersion Technologies (BMNP) Operating Expenses (2020 - 2026) Analysis & Trends

Bitmine Immersion Technologies (BMNP) has reported Operating Expenses for 7 consecutive years, with $52.7 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 6670.44% year-over-year to $52.7 million; the trailing twelve-month figure through May 2026 stood at $8.9 billion (up 358363.53% YoY), and the FY2025 full-year result was -$443.9 million, down 19526.74% from the prior year.
  • Operating Expenses slipped to $52.7 million in Q2 2026 per BMNP's latest filing, from $3.9 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $5.5 billion in Q4 2025 and bottomed at -$446.5 million in Q3 2025.
  • Historically, Operating Expenses has averaged $496.5 million across 5 years, with a median of $736093.0 in 2023.
  • The widest YoY moves for Operating Expenses: up 625936.73% in 2025, down 294840.59% in 2025.
  • Over 5 years, Operating Expenses stood at $475136.0 in 2022, then jumped by 50.69% to $715962.0 in 2023, then increased by 22.07% to $874000.0 in 2024, then soared by 625936.73% to $5.5 billion in 2025, then plunged by 99.04% to $52.7 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $52.7 million, $3.9 billion, and $5.5 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Bitmine Immersion Technologies 53.91 Bn 53.57 Bn 40.81 Mn 52.67 Mn
2 Iren 14.89 Bn 7.32 Bn 103.89 Mn 128.25 Mn
3 Hut 8 11.74 Bn 4.95 Bn 48.04 Mn 78.04 Mn
4 Riot Platforms 7.69 Bn 7.14 Bn 84.97 Mn 413.67 Mn
5 Argo Blockchain 6.35 Bn 6.34 Bn - -
6 MARA Holdings 4.48 Bn 4.04 Bn - 695.95 Mn
7 Cleanspark 3.59 Bn 3.38 Bn - 370.41 Mn
8 Bitdeer Technologies 2.57 Bn 2.11 Bn -8.53 Mn -93.21 Mn
9 Keel Infrastructure 2.26 Bn 2.26 Bn -86.75 Mn 31.31 Mn
10 HIVE Digital Technologies 841.35 Mn 602.32 Mn -29.49 Mn 18.98 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 52.67 Mn
Feb 28, 2026 3.85 Bn
Nov 30, 2025 5.47 Bn
Aug 31, 2025 -446.54 Mn
May 31, 2025 778,000.00
Feb 28, 2025 990,000.00
Nov 30, 2024 874,000.00
Aug 31, 2024 -151,401.00
May 31, 2024 756,224.00
Feb 29, 2024 972,362.00
Nov 30, 2023 715,962.00
Aug 31, 2023 1.23 Mn
May 31, 2023 579,248.00
Feb 28, 2023 349,580.00
Nov 30, 2022 475,136.00
Aug 31, 2022 435,035.00
May 31, 2022 329,964.00
Feb 28, 2022 156,114.00
Nov 30, 2021 664,043.00
Aug 31, 2021 95,201.00