Bitmine Immersion Technologies (BMNR) Cost of Revenue (2022 - 2026)
Bitmine Immersion Technologies (BMNR) reported Cost of Revenue of $5.73 million for fiscal Q3 2026 (quarter ended May 31, 2026), up 228.7% from $1.74 million a year earlier and up 301.5% from the prior quarter.
Bitmine Immersion Technologies (BMNR) Cost of Revenue (2022 - 2026) Analysis & Trends
Over the twelve months ended May 31, 2026, Bitmine Immersion Technologies' Cost of Revenue came in at $9.57 million, up 62.5% year-over-year; for FY2025 (ended Aug 31, 2025), it came in at $5.79 million, up 66.6% from FY2024.
- Cost of Revenue has a three-year compound annual growth rate of 118.2% (FY2022 to FY2025).
- By fiscal year, Cost of Revenue came in at $3.47 million in FY2024 (+721.4%), $422,808 in FY2023 (-24.1%) and $556,699 in FY2022.
- The fiscal Q3 2026 figure ranks as the highest quarterly Cost of Revenue in data going back to fiscal Q2 2022.
- Year over year, Cost of Revenue gained in five of the last eight quarters, with growth averaging 203.1%.
- The high point for year-over-year Cost of Revenue in five years was fiscal Q4 2024 (growth of 995.0%); the low point was fiscal Q2 2023 (a decline of 58.9%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $1.43 million (Q2 2026), $1.02 million (Q1 2026) and $1.39 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 3.48 Bn |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | - |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | - |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | 2.44 Bn |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | - |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | 1.30 Bn |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 141.41 Mn |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 370.18 Mn |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 71.94 Mn |
| 10 | Bitmine Immersion Technologies | 10.38 Bn | 7.76 Bn | 40.81 Mn | 5.73 Mn |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 5.73 Mn |
| Feb 28, 2026 | 1.43 Mn |
| Nov 30, 2025 | 1.02 Mn |
| Aug 31, 2025 | 1.39 Mn |
| May 31, 2025 | 1.74 Mn |
| Feb 28, 2025 | 1.44 Mn |
| Nov 30, 2024 | 1.21 Mn |
| Aug 31, 2024 | 1.49 Mn |
| May 31, 2024 | 1.00 Mn |
| Feb 29, 2024 | 567,991.00 |
| Nov 30, 2023 | 407,226.00 |
| Aug 31, 2023 | 136,485.00 |
| May 31, 2023 | 72,392.00 |
| Feb 28, 2023 | 95,457.00 |
| Nov 30, 2022 | 118,475.00 |
| Aug 31, 2022 | 224,863.00 |
| May 31, 2022 | 99,711.00 |
| Feb 28, 2022 | 232,125.00 |
Bitmine Immersion Technologies Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BMNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "BMNR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BMNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();