Bitmine Immersion Technologies (BMNP) Operating Margin (2022 - 2026)
Bitmine Immersion Technologies' (BMNP) quarterly Operating Margin came in at 25.5% in Q2 2026, down 269.0% on a YoY basis from 15.09% in Q2 2025, and up 99.93% quarter-over-quarter from 34784.73% in Q1 2026.
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Bitmine Immersion Technologies (BMNP) Operating Margin (2022 - 2026) Analysis & Trends
Bitmine Immersion Technologies (BMNP) has reported Operating Margin for 5 consecutive years, with 25.5% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 269.0% year-over-year to 25.5%; the trailing twelve-month figure through May 2026 stood at 14505.12% (down 1445145.0% YoY), and the FY2025 full-year result was 7288.12%, up 736208.0% from the prior year.
- Operating Margin advanced to 25.5% in Q2 2026 per BMNP's latest filing, from 34784.73% in the prior quarter.
- Across five years, Operating Margin topped out at 33696.3% in Q3 2025 and bottomed at 238564.85% in Q4 2025.
- Historically, Operating Margin has averaged 13618.07% across 5 years, with a median of 108.29% in 2024.
- The widest YoY moves for Operating Margin: up 3379321 bps in 2025, down 23849124 bps in 2025.
- Over 5 years, Operating Margin stood at 483.6% in 2022, then surged by 75 bps to 119.67% in 2023, then soared by 38 bps to 73.61% in 2024, then sank by 324014 bps to 238564.85% in 2025, then surged by 100 bps to 25.5% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 25.5%, 34784.73%, and 238564.85% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 53.91 Bn | 53.57 Bn | 40.81 Mn | -25.50% |
| 2 | Iren | 14.89 Bn | 7.32 Bn | 103.89 Mn | -452.09% |
| 3 | Hut 8 | 11.74 Bn | 4.95 Bn | 48.04 Mn | -275.36% |
| 4 | Riot Platforms | 7.69 Bn | 7.14 Bn | 84.97 Mn | -137.42% |
| 5 | Argo Blockchain | 6.35 Bn | 6.34 Bn | - | - |
| 6 | MARA Holdings | 4.48 Bn | 4.04 Bn | - | -297.96% |
| 7 | Cleanspark | 3.59 Bn | 3.38 Bn | - | - |
| 8 | Bitdeer Technologies | 2.57 Bn | 2.11 Bn | -8.53 Mn | -44.47% |
| 9 | Keel Infrastructure | 2.26 Bn | 2.26 Bn | -86.75 Mn | -462.62% |
| 10 | HIVE Digital Technologies | 841.35 Mn | 602.32 Mn | -29.49 Mn | -61.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -25.50% |
| Feb 28, 2026 | -34,784.73% |
| Nov 30, 2025 | -238,564.85% |
| Aug 31, 2025 | 33,696.30% |
| May 31, 2025 | -22.81% |
| Feb 28, 2025 | -60.18% |
| Nov 30, 2024 | -73.61% |
| Aug 31, 2024 | -96.91% |
| May 31, 2024 | -43.64% |
| Feb 29, 2024 | -72.76% |
| Nov 30, 2023 | -119.67% |
| Aug 31, 2023 | -457.61% |
| May 31, 2023 | -358.50% |
| Feb 28, 2023 | -185.12% |
| Nov 30, 2022 | -483.60% |
| Aug 31, 2022 | -967.31% |
| May 31, 2022 | -2,493.56% |
| Feb 28, 2022 | -11.16% |