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