Filing Flows › Bitmine Immersion Technologies (BMNR) › Q1 FY26
Bitmine Immersion Technologies (BMNR) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 13, 2026
Bitmine Immersion Technologies (BMNR) reported revenue of $2.3M for the first quarter fiscal 2026 (Q1 FY26), +91% from a year earlier and +73% from the quarter before.
Bitmine Immersion Technologies, Q1 FY26: revenue $2.3M (+91% year over year), net loss $5.2B, operating cash flow −$228M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3M | +73% | +91% |
| Operating profit | −$5.5B | -1325% | — |
| Net earnings | −$5.2B | -1581% | — |
| Operating cash flow | −$228M | — | — |
What changed
Revenue was $2.3M in Q1 FY26, up 91% year over year and up 73% from the previous quarter. Leasing was the largest line at 48% of revenue. Self Mining declined 100%.
Operating costs exceeded revenue by $5,470.3M, an operating margin of -238564.8%. The fastest-growing cost line was Other operating costs (+11609512%). The quarter ended with a net loss of $5,204.1M, after a profit of $351.3M the previous quarter.
Operating cash flow was −$228.4M. Non-cash charges added back $124K of depreciation and $677K of share-based compensation. Working capital and other items added $4,974.9M. Capital expenditures of $376K exceeded it, leaving free cash flow of −$228.7M.
Questions
What was Bitmine Immersion Technologies' revenue in the first quarter fiscal 2026?
Bitmine Immersion Technologies (BMNR) reported revenue of $2.3M for the first quarter fiscal 2026 (Q1 FY26), +91% from a year earlier and +73% from the quarter before.