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Filing Flows › Bitmine Immersion Technologies (BMNR) › Q2 FY26 › vs Q1 FY26

Bitmine Immersion Technologies (BMNR) Q2 FY26 vs Q1 FY26 (quarter over quarter)

Bitmine Immersion Technologies's revenue rose $8.7M (+382%) from $2.3M in Q1 FY26 to $11.0M in Q2 FY26. The biggest changes: Staking +$9.2M (+941%); Leasing −$688K (-62%); Self Mining +$217K (110×).

Bitmine Immersion Technologies, Q2 FY26: revenue $11.0M (+628% year over year), net loss $3.8B, operating cash flow −$88.2M. The chart draws each line against Q1 FY26, the increases inside each band.

Bitmine Immersion Technologies: what changed, Q2 FY26 vs Q1 FY26Bitmine Immersion Technologies: what changed, Q2 FY26 vs Q1 FY26Costs & expenses−$1.6BOperating costs−$1.6BOther operating costs−$1.5BNet loss−$1.4BOperating cash sources−$1.4BNet loss absorbed−$1.4BWorking capital & other−$1.3BOther income, net−$152MGeneral & admin−$148MCash used in operations−$140M

Every line

LineQ2 FY26Q1 FY26Change%
Staking$10.2M$980K$9.2M+941%
Leasing$424K$1.1M−$688K-62%
Self Mining$219K$2K$217K110×
Consulting$197K$199K−$2K-1%
Revenue$11.0M$2.3M$8.7M+382%
Other income, net$22.2M$174M−$152M-87%
Net loss$3.8B$5.2B−$1.4B-27%
Costs & expenses$3.9B$5.5B−$1.6B-30%
Operating costs$3.9B$5.5B−$1.6B-30%
Cost of revenue$1.4M$1.0M$402K+39%
General & admin$75.0M$223M−$148M-66%
Other operating costs$3.8B$5.2B−$1.5B-28%
Operating cash sources$3.8B$5.2B−$1.4B-27%
Depreciation$124K$124K$00%
Share-based compensation$24.4M$677K$23.8M36×
Working capital & other$3.7B$5.0B−$1.3B-26%
Cash used in operations$88.2M$228M−$140M-61%
Net loss absorbed$3.8B$5.2B−$1.4B-27%

Questions

How much did Bitmine Immersion Technologies's revenue grow quarter over quarter in Q2 FY26?

Bitmine Immersion Technologies's revenue rose $8.7M (+382%) from $2.3M in Q1 FY26 to $11.0M in Q2 FY26.

What drove Bitmine Immersion Technologies's revenue change in Q2 FY26?

Staking +$9.2M (+941%); Leasing −$688K (-62%); Self Mining +$217K (110×).

Q2 FY26 results → · Compare in the interactive Sankey →