Bitmine Immersion Technologies (BMNR) Operating Expenses (2020 - 2026)
Bitmine Immersion Technologies (BMNR) reported Operating Expenses of $3.9 billion for Q1 2026, up 388808.79% on a YoY basis from N/an in Q1 2025, and down 29.63% quarter-over-quarter from $5.5 billion in Q4 2025.
Bitmine Immersion Technologies (BMNR) Operating Expenses (2020 - 2026) Analysis & Trends
Bitmine Immersion Technologies has reported Operating Expenses for 7 years, with the latest figure at $3.9 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 388808.79% year-over-year to $3.9 billion; the trailing twelve-month figure through Feb 2026 stood at $8.9 billion (up 359408.74% YoY), and the FY2025 full-year result was -$443.9 million, down 19526.74% from the prior year.
- Operating Expenses for Q1 2026 stood at $3.9 billion, down from $5.5 billion in the prior quarter.
- The five-year high for Operating Expenses was $5.5 billion in Q4 2025, with the low at -$447.1 million in Q3 2025.
- Historically, Operating Expenses has averaged $522.5 million across 5 years, with a median of $715962.0 in 2023.
- The largest YoY upside for Operating Expenses was 625936.73% in 2025 against a maximum downside of 295196.85% in 2025.
- Bitmine Immersion Technologies' Operating Expenses stood at $475136.0 in 2022, then surged by 50.69% to $715962.0 in 2023, then climbed by 22.07% to $874000.0 in 2024, then jumped by 625936.73% to $5.5 billion in 2025, then fell by 29.63% to $3.9 billion in 2026.
- The last three Operating Expenses figures came in at $3.9 billion (Q1 2026), $5.5 billion (Q4 2025), and -$447.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 330.51 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Bitmine Immersion Technologies | 7.25 Bn | 6.37 Bn | 9.62 Mn | 3.85 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 3.85 Bn |
| Nov 30, 2025 | 5.47 Bn |
| Aug 31, 2025 | -447.08 Mn |
| May 31, 2025 | 958,824.00 |
| 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 |
| May 31, 2021 | 13,555.00 |