BitMine Immersion Technologies (BitMine Immersion Technologies) Net Margin % : -101.23% (As of Feb. 2024)

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What is BitMine Immersion Technologies Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. BitMine Immersion Technologies's Net Income for the three months ended in Feb. 2024 was $-0.90 Mil. BitMine Immersion Technologies's Revenue for the three months ended in Feb. 2024 was $0.89 Mil. Therefore, BitMine Immersion Technologies's net margin for the quarter that ended in Feb. 2024 was -101.23%.

The historical rank and industry rank for BitMine Immersion Technologies's Net Margin % or its related term are showing as below:

BMNR' s Net Margin % Range Over the Past 10 Years
Min: -468.46 Med: -425.32 Max: -196.65
Current: -196.65

BMNR's Net Margin % is ranked worse than
93.33% of 780 companies
in the Capital Markets industry
Industry Median: 13.68 vs BMNR: -196.65

BitMine Immersion Technologies Net Margin % Historical Data

The historical data trend for BitMine Immersion Technologies's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BitMine Immersion Technologies Net Margin % Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Net Margin %

-468.46

-382.17

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Net Margin %	Get a 7-Day Free Trial				-196.79	-369.01	-474.69	-182.00	-101.23

Competitive Comparison of BitMine Immersion Technologies's Net Margin %

For the Capital Markets subindustry, BitMine Immersion Technologies's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BitMine Immersion Technologies's Net Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Net Margin % distribution charts can be found below:

* The bar in red indicates where BitMine Immersion Technologies's Net Margin % falls into.

BitMine Immersion Technologies Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

BitMine Immersion Technologies's Net Margin for the fiscal year that ended in Aug. 2023 is calculated as

Net Margin	=	Net Income (A: Aug. 2023 )	/	Revenue (A: Aug. 2023 )
	=	-2.465	/	0.645
	=	-382.17 %

BitMine Immersion Technologies's Net Margin for the quarter that ended in Feb. 2024 is calculated as

Net Margin	=	Net Income (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	-0.903	/	0.892
	=	-101.23 %

BitMine Immersion Technologies (OTCPK:BMNR) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

BitMine Immersion Technologies Net Margin % Related Terms

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BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (OTCPK:BMNR) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2030 Powers Ferry Road SE, Suite No. 212, Atlanta, GA, USA, 30339

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its own account as well as hosting third-party Bitcoin mining servers.