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
DateValue
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