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Bitmine Immersion Technologies vs Gemini Space Station: BMNR and GEMI compared
Bitmine Immersion Technologies is the larger company: $46.5M of revenue in its latest quarter (Q3 FY26) against $45.5M for Gemini Space Station (Q2 2026). Bitmine Immersion Technologies is growing faster (23× against +37% a year earlier). Bitmine Immersion Technologies is more profitable, with an operating margin of -25.5% against -169.2%.
Where the money goes: BMNR and GEMI
Bitmine Immersion Technologies (BMNR) · Q3 FY26
Bitmine Immersion Technologies, Q3 FY26: revenue $46.5M (23× year over year), operating margin -25.5%, net loss $83.6M, operating cash flow $29.0M. The chart follows the revenue to costs, profit and cash.
Gemini Space Station (GEMI) · Q2 2026
Gemini Space Station, Q2 2026: revenue $45.5M (+37% year over year), operating margin -169.2%, net loss $108M, operating cash flow −$51.4M. The chart follows the revenue to costs, profit and cash.
| Bitmine Immersion Technologies (BMNR) | Gemini Space Station (GEMI) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 2026 |
| Revenue | $46.5M | $45.5M |
| Revenue growth, Y/Y | 23× | +37% |
| Operating margin | -25.5% | -169.2% |
| Net earnings | −$83.6M | −$108M |
| Net margin | -179.6% | -236.9% |
| Operating cash flow | $29.0M | −$51.4M |
| Free cash flow | $29.0M | — |
Where the revenue comes from
Bitmine Immersion Technologies
- Staking and validation: $45.7M (98%)
- Self mining: $624K (1%)
- Consulting: $168K (0%)
Gemini Space Station
- Net revenue: $43.8M (96%)
- Other revenue: $1.8M (4%)
- Other transaction revenue: $21K (0%)
Questions
Which is bigger, Bitmine Immersion Technologies or Gemini Space Station?
Bitmine Immersion Technologies is the larger company: $46.5M of revenue in its latest quarter (Q3 FY26) against $45.5M for Gemini Space Station (Q2 2026).
Is Bitmine Immersion Technologies or Gemini Space Station growing faster?
Bitmine Immersion Technologies is growing faster (23× against +37% a year earlier).
Which is more profitable, Bitmine Immersion Technologies or Gemini Space Station?
Bitmine Immersion Technologies is more profitable, with an operating margin of -25.5% against -169.2%.
More: Bitmine Immersion Technologies earnings · how Bitmine Immersion Technologies makes money · Gemini Space Station earnings · how Gemini Space Station makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Jul 14, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.