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Bitmine Immersion Technologies (BMNR) Q2 FY26 earnings results (second quarter fiscal 2026)

10-Q filed Apr 14, 2026

Bitmine Immersion Technologies (BMNR) reported revenue of $11.0M for the second quarter fiscal 2026 (Q2 FY26), +628% from a year earlier and +382% from the quarter before.

Revenue$11.0M
Year over year+628%
Quarter over quarter+382%
Operating margin—
Net earnings−$3.8B

Bitmine Immersion Technologies, Q2 FY26: revenue $11.0M (+628% year over year), net loss $3.8B, operating cash flow −$88.2M. The chart follows the revenue to costs, profit and cash.

Q2 FY26AmountQ/QY/Y
Revenue$11.0M+382%+628%
Operating profit−$3.8B——
Net earnings−$3.8B——
Operating cash flow−$88.2M——

What changed

Revenue was $11.0M in Q2 FY26, up 628% year over year and up 382% from the previous quarter. Staking was the largest line at 92% of revenue. Self Mining declined 86%.

Operating costs exceeded revenue by $3,840.6M, an operating margin of -34784.7%. The fastest-growing cost line was Other operating costs (+1487866%). The quarter ended with a net loss of $3,818.4M, narrower than the previous quarter's $5,204.1M loss.

Operating cash flow was −$88.2M. Non-cash charges added back $124K of depreciation and $24.4M of share-based compensation. Working capital and other items added $3,705.6M.

Questions

What was Bitmine Immersion Technologies' revenue in the second quarter fiscal 2026?

Bitmine Immersion Technologies (BMNR) reported revenue of $11.0M for the second quarter fiscal 2026 (Q2 FY26), +628% from a year earlier and +382% from the quarter before.

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Source: Bitmine Immersion Technologies 10-Q on SEC EDGAR.