BMNR
Bitmine Immersion Technologies, Inc.
Financial - Capital Markets
Market Cap$562M
5Y Perf.-42.7%
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Stock Comparison
BMNR vs BITF
Revenue, margins, valuation, and 5-year total return — side by side.
BITF
Bitfarms Ltd.
Financial - Capital Markets
Market Cap$1.29B
5Y Perf.+465.2%
BMNR vs BITF — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BMNR | BITF |
|---|---|---|
| Industry | Financial - Capital Markets | Financial - Capital Markets |
| Market Cap | $562M | $1.29B |
| Revenue (TTM) | $6M | $193M |
| Net Income (TTM) | $-4.85B | $-130M |
| Gross Margin | 5.1% | -16.8% |
| Operating Margin | 72.9% | -55.8% |
| Forward P/E | 1.7x | — |
| Total Debt | $0.00 | $23M |
| Cash & Equiv. | $512M | $60M |
BMNR vs BITF — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BMNR
BITF
| Stock | Jun 20 | May 26 | Return |
|---|---|---|---|
| Bitmine Immersion T… (BMNR) | 100 | 57.3 | -42.7% |
| Bitfarms Ltd. (BITF) | 100 | 565.2 | +465.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BMNR vs BITF
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: BMNR leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Bitfarms Ltd. is the stronger pick specifically for capital preservation and lower volatility and operational efficiency and capital deployment. As sector peers, any of these can serve as alternatives in the same allocation.
BMNR
Bitmine Immersion Technologies, Inc.
The Banking Pick
BMNR carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 84.1%, EPS growth 877.7%
- 84.1% NII/revenue growth vs BITF's 31.8%
- Better valuation composite
Best for: growth exposure
BITF
Bitfarms Ltd.
The Banking Pick
BITF is the clearest fit if your priority is income & stability and long-term compounding.
- beta 3.69
- 138.7% 10Y total return vs BMNR's -4.5%
- Lower volatility, beta 3.69, Low D/E 3.9%, current ratio 5.89x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | BMNR | 84.1% NII/revenue growth vs BITF's 31.8% |
| Value | BMNR | Better valuation composite |
| Quality / Margins | BMNR | 57.2% margin vs BITF's -28.0% |
| Stability / Safety | BITF | Beta 3.69 vs BMNR's 4.17 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | BMNR | +172.9% vs BITF's +120.0% |
| Efficiency (ROA) | BITF | -16.3% ROA vs BMNR's -42.3%, ROIC -17.1% vs 7.7% |
BMNR vs BITF — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
Segment breakdown not available.
BMNR vs BITF — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBMNRLAGGINGBITF
BITFBitfarms Ltd.
1leads
BMNRBitmine Immersion Tec…
3leads
6 Total Categories
CATEGORYLEADERvs BITFMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
BMNR4/5
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BMNR5/8
Total Returns1Y, 3Y, 5Y total returns with dividends
BMNR4/6
Risk & VolatilityBeta, volatility, and downside exposure
BITF2/2
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
BMNR leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
BITF is the larger business by revenue, generating $193M annually — 31.6x BMNR's $6M. BMNR is the more profitable business, keeping 57.2% of every revenue dollar as net income compared to BITF's -28.0%.
| Metric | BMNRBitmine Immersion… | BITFBitfarms Ltd. |
|---|---|---|
| RevenueTrailing 12 months | $6M | $193M |
| EBITDAEarnings before interest/tax | $224M | $7M |
| Net IncomeAfter-tax profit | -$4.9B | -$130M |
| Free Cash FlowCash after capex | -$234M | -$458M |
| Gross MarginGross profit ÷ Revenue | +5.1% | -16.8% |
| Operating MarginEBIT ÷ Revenue | +72.9% | -55.8% |
| Net MarginNet income ÷ Revenue | +57.2% | -28.0% |
| FCF MarginFCF ÷ Revenue | -85.5% | -2.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -11051.7% | -71.4% |
BMNR leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
Evenly matched — BMNR and BITF each lead in 2 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, BMNR's 0.1x EV/EBITDA is more attractive than BITF's 37.6x.
| Metric | BMNRBitmine Immersion… | BITFBitfarms Ltd. |
|---|---|---|
| Market CapShares × price | $562M | $1.3B |
| Enterprise ValueMkt cap + debt − cash | $50M | $1.3B |
| Trailing P/EPrice ÷ TTM EPS | 1.71x | -16.62x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 0.11x | 37.58x |
| Price / SalesMarket cap ÷ Revenue | 92.15x | 6.70x |
| Price / BookPrice ÷ Book value/share | 0.06x | 1.47x |
| Price / FCFMarket cap ÷ FCF | — | — |
Evenly matched — BMNR and BITF each lead in 2 of 4 comparable metrics.
Profitability & Efficiency
BMNR leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
BITF delivers a -21.3% return on equity — every $100 of shareholder capital generates $-21 in annual profit, vs $-43 for BMNR. On the Piotroski fundamental quality scale (0–9), BMNR scores 4/9 vs BITF's 3/9, reflecting mixed financial health.
| Metric | BMNRBitmine Immersion… | BITFBitfarms Ltd. |
|---|---|---|
| ROE (TTM)Return on equity | -43.1% | -21.3% |
| ROA (TTM)Return on assets | -42.3% | -16.3% |
| ROICReturn on invested capital | +7.7% | -17.1% |
| ROCEReturn on capital employed | +10.1% | -22.9% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 3 |
| Debt / EquityFinancial leverage | — | 0.04x |
| Net DebtTotal debt minus cash | -$512M | -$36M |
| Cash & Equiv.Liquid assets | $512M | $60M |
| Total DebtShort + long-term debt | $0 | $23M |
| Interest CoverageEBIT ÷ Interest expense | -12890.65x | -24.35x |
BMNR leads this category, winning 5 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
BMNR leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BMNR five years ago would be worth $15,807 today (with dividends reinvested), compared to $4,320 for BITF. Over the past 12 months, BMNR leads with a +172.9% total return vs BITF's +120.0%. The 3-year compound annual growth rate (CAGR) favors BMNR at 31.8% vs BITF's 26.4% — a key indicator of consistent wealth creation.
| Metric | BMNRBitmine Immersion… | BITFBitfarms Ltd. |
|---|---|---|
| YTD ReturnYear-to-date | -26.5% | -16.9% |
| 1-Year ReturnPast 12 months | +172.9% | +120.0% |
| 3-Year ReturnCumulative with dividends | +129.2% | +101.9% |
| 5-Year ReturnCumulative with dividends | +58.1% | -56.8% |
| 10-Year ReturnCumulative with dividends | -4.5% | +138.7% |
| CAGR (3Y)Annualised 3-year return | +31.8% | +26.4% |
BMNR leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
BITF leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BITF is the less volatile stock with a 3.69 beta — it tends to amplify market swings less than BMNR's 4.17 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BITF currently trades 32.7% from its 52-week high vs BMNR's 14.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BMNRBitmine Immersion… | BITFBitfarms Ltd. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 4.17x | 3.69x |
| 52-Week HighHighest price in past year | $161.00 | $6.60 |
| 52-Week LowLowest price in past year | $3.92 | $0.70 |
| % of 52W HighCurrent price vs 52-week peak | +14.2% | +32.7% |
| RSI (14)Momentum oscillator 0–100 | 58.2 | 42.3 |
| Avg Volume (50D)Average daily shares traded | 42.4M | 32.5M |
BITF leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates BMNR as "Buy" and BITF as "Buy". Consensus price targets imply 124.1% upside for BITF (target: $5) vs 70.2% for BMNR (target: $39).
| Metric | BMNRBitmine Immersion… | BITFBitfarms Ltd. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $39.00 | $4.84 |
| # AnalystsCovering analysts | 1 | 4 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 1 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
BMNR leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BITF leads in 1 (Risk & Volatility). 1 tied.
Best OverallBitmine Immersion Technolog… (BMNR)Leads 3 of 6 categories
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BMNR vs BITF: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is BMNR or BITF a better buy right now?
For growth investors, Bitmine Immersion Technologies, Inc.
(BMNR) is the stronger pick with 84. 1% revenue growth year-over-year, versus 31. 8% for Bitfarms Ltd. (BITF). Bitmine Immersion Technologies, Inc. (BMNR) offers the better valuation at 1. 7x trailing P/E, making it the more compelling value choice. Analysts rate Bitmine Immersion Technologies, Inc. (BMNR) a "Buy" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — BMNR or BITF?
Over the past 5 years, Bitmine Immersion Technologies, Inc.
(BMNR) delivered a total return of +58. 1%, compared to -56. 8% for Bitfarms Ltd. (BITF). Over 10 years, the gap is even starker: BITF returned +138. 7% versus BMNR's -4. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — BMNR or BITF?
By beta (market sensitivity over 5 years), Bitfarms Ltd.
(BITF) is the lower-risk stock at 3. 69β versus Bitmine Immersion Technologies, Inc. 's 4. 17β — meaning BMNR is approximately 13% more volatile than BITF relative to the S&P 500.
04Which is growing faster — BMNR or BITF?
By revenue growth (latest reported year), Bitmine Immersion Technologies, Inc.
(BMNR) is pulling ahead at 84. 1% versus 31. 8% for Bitfarms Ltd. (BITF). On earnings-per-share growth, the picture is similar: Bitmine Immersion Technologies, Inc. grew EPS 877. 7% year-over-year, compared to 69. 0% for Bitfarms Ltd.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — BMNR or BITF?
Bitmine Immersion Technologies, Inc.
(BMNR) is the more profitable company, earning 57. 2% net margin versus -28. 0% for Bitfarms Ltd. — meaning it keeps 57. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BMNR leads at 72. 9% versus -55. 8% for BITF. At the gross margin level — before operating expenses — BMNR leads at 5. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — BMNR or BITF?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is BMNR or BITF better for a retirement portfolio?
For long-horizon retirement investors, Bitfarms Ltd.
(BITF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+138. 7% 10Y return). Bitmine Immersion Technologies, Inc. (BMNR) carries a higher beta of 4. 17 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (BITF: +138. 7%, BMNR: -4. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between BMNR and BITF?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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