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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. BitMine Immersion Technologies's
Operating Income
for the
three
months ended in May. 2026 was MXN-206 Mil. BitMine Immersion Technologies's Interest Expense for the
three
months ended in May. 2026 was MXN0 Mil.
GuruFocus does not calculate 's interest coverage with the available data.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for BitMine Immersion Technologies's Interest Coverage or its related term are showing as below:
MEX:BMNR's Interest Coverage is not ranked *
in the Capital Markets industry.
Industry Median: 20.945 * Ranked among companies with meaningful Interest Coverage only.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
BitMine Immersion Technologies Interest Coverage Related Terms
BitMine Immersion Technologies Interest Coverage Historical Data
* 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
MEX:BMNR vs XP, FIGR, HLI: Interest Coverage Comparison
For the Capital Markets subindustry, BitMine Immersion Technologies's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Interest Coverage distribution charts can be found below:
* The bar in red indicates where BitMine Immersion Technologies's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Is BitMine Immersion Technologies (MEX:BMNR) Overvalued in 2026?
Based on GuruFocus' analysis, BitMine Immersion Technologies stock appears to be overvalued.
The current stock price of MXN287.50 is trading 731.4% above its estimated GF Value™ of MXN34.58.
GuruFocus considers BitMine Immersion Technologies to be Significantly Overvalued.
Key valuation signals for MEX:BMNR:
Interest Coverage: N/A
GF Value™: MXN34.58 vs. price of MXN287.50 (731.4% above fair value)
No single metric tells the full story. See the MEX:BMNR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BitMine Immersion Technologies Business Description
BitMine Immersion Technologies Inc is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by its Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, Synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine's operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.
24GF Score
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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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