BitMine Immersion Technologies, Inc. (BMNR) vs IREN Limited (IREN)

BitMine Immersion Technologies, Inc. and IREN Limited are both Capital Markets companies. BitMine Immersion Technologies, Inc. is the larger, with a market value of $14.1B against $12.3B — 1.1× the size. BitMine Immersion Technologies, Inc. grew revenue faster over the last twelve months: 1,022.4% against 41.1%. IREN Limited has the higher net margin (−99.4% vs −14,335.1%) and the higher return on invested capital (−5.53% vs −49.7%). Across the 16 metrics below, IREN Limited leads on 9 and BitMine Immersion Technologies, Inc. on 7.

Valuation

Metric BMNR IREN Capital Markets median
P/E n/m n/m 14.20
P/S 194.77 12.02 2.00
P/B 1.03 2.03 1.51
Price to free cash flow n/m n/m 6.36
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (40.67%) (7.44%) (3.94%)
Free cash flow yield (162.87%) (10.28%) (1.62%)

Profitability

Metric BMNR IREN Capital Markets median
Gross margin 84.36% 68.92% 62.80%
Operating margin (14,505.12%) (54.17%) 0.00%
Net margin (14,335.08%) (99.38%) (0.55%)
Free cash flow margin (31,722.36%) (123.59%) 0.00%
Return on equity (151.21%) (23.41%) 0.00%
Return on assets (150.74%) (7.50%) 0.00%
Return on invested capital (49.71%) (5.53%) 0.00%

Growth

Metric BMNR IREN Capital Markets median
Revenue growth (TTM) 1,022.39% 41.11% 20.70%
EPS growth (last fiscal year) 1,114.09% (669.23%) 22.92%
Revenue growth, 5-year CAGR — 142.17% 18.16%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BMNR IREN Capital Markets median
Debt to equity 0.00 1.84 0.08
Current ratio 36.68 3.55 1.50
Net debt to EBITDA (1.15) 3.30 (0.24)

Dividend

Metric BMNR IREN Capital Markets median
Dividend yield 0.05% — 1.36%
Payout ratio — — 0.19

Size

Metric BMNR IREN Capital Markets median
Market cap 14.09b 12.28b 565.91m

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