BitMine Immersion Technologies, Inc. (BMNR) vs Hut 8 Corp. (HUT)

BitMine Immersion Technologies, Inc. and Hut 8 Corp. are both Capital Markets companies. BitMine Immersion Technologies, Inc. is the larger, with a market value of $16.9B against $12.7B — 1.3× the size. BitMine Immersion Technologies, Inc. grew revenue faster over the last twelve months: 1,022.4% against 129.5%. Hut 8 Corp. has the higher net margin (−188.7% vs −14,335.1%) and the higher return on invested capital (−27.5% vs −49.7%). Across the 17 metrics below, Hut 8 Corp. leads on 10 and BitMine Immersion Technologies, Inc. on 7.

Valuation

Metric BMNR HUT Capital Markets median
P/E n/m n/m 15.78
P/S 248.51 36.08 2.32
P/B 1.31 6.54 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales 241.34 37.28 2.28
Earnings yield (31.87%) (5.61%) (3.77%)
Free cash flow yield (127.65%) (6.94%) (1.49%)

Profitability

Metric BMNR HUT Capital Markets median
Gross margin 84.36% 55.95% 62.80%
Operating margin (14,505.12%) (295.30%) 0.00%
Net margin (14,335.08%) (188.65%) (0.55%)
Free cash flow margin (31,722.36%) (251.08%) 0.00%
Return on equity (151.21%) (38.18%) 0.00%
Return on assets (150.74%) (10.00%) 0.00%
Return on invested capital (49.71%) (27.46%) 0.00%

Growth

Metric BMNR HUT Capital Markets median
Revenue growth (TTM) 1,022.39% 129.50% 21.02%
EPS growth (last fiscal year) 1,114.09% (161.67%) —
Revenue growth, 5-year CAGR — 30.64% 18.16%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BMNR HUT Capital Markets median
Debt to equity 0.00 4.22 0.08
Current ratio 36.68 19.35 1.51
Net debt to EBITDA (1.15) (0.74) (0.24)

Dividend

Metric BMNR HUT Capital Markets median
Dividend yield — — 2.20%
Payout ratio — 0.00 0.00

Size

Metric BMNR HUT Capital Markets median
Market cap 16.91b 12.72b 724.58m

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