Bitmine Immersion Technologies (BMNR) Operating Expenses (2020 - 2026)
Bitmine Immersion Technologies posted quarterly Operating Expenses of $3.9 billion for Q1 2026, up 388808.79% year-on-year from N/an in Q1 2025, and down 29.63% on a QoQ basis from $5.5 billion in Q4 2025.
Bitmine Immersion Technologies (BMNR) has 7 years of Operating Expenses data on file, last reported 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.
- Across five years, Operating Expenses topped out at $5.5 billion in Q4 2025 and bottomed at -$447.1 million in Q3 2025.
- The 5-year median for Operating Expenses is $715962.0 (2023), against an average of $522.5 million.
- Peak annual rise in Operating Expenses reached 625936.73% in 2025, while the deepest fall reached 295196.85% in 2025.
- A 5-year view of Operating Expenses shows it stood at $475136.0 in 2022, then soared by 50.69% to $715962.0 in 2023, then grew by 22.07% to $874000.0 in 2024, then surged by 625936.73% to $5.5 billion in 2025, then retreated 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 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 3.29 Bn |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 656.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 381.00 Mn |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 242.35 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 4.45 Bn |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 81.75 Mn |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 330.51 Mn |
| 10 | Bitmine Immersion Technologies | 8.57 Bn | 7.69 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 |
| Feb 28, 2021 | 5,849.00 |
| Nov 30, 2020 | 17,210.00 |