BitMine Immersion Technologies (MEX:BMNR) Moat Score: 2/10 (As of Jul. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:BMNR BitMine Immersion Technologies Inc MEX:BMNR
24 GF Score
Price MXN287.50
GF Value MXN34.58
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is BitMine Immersion Technologies Moat Score?

BitMine Immersion Technologies MEX:BMNR +3.42% 24 Moat Score is 2 as of Jul. 21, 2026. GuruFocus rates MEX:BMNR with a GF Score™ of 24/100 and a GF Value™ of MXN34.58 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 840 Capital Markets companies, BitMine Immersion Technologies ranks better than 85.48% on this metric.

BitMine Immersion Technologies has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

BitMine Immersion Technologies has No Moat: BitMine Immersion Technologies Inc operates in a rapidly evolving and competitive technology sector. It lacks significant market share, brand strength, or durable cost advantages. The company does not have substantial intellectual property or regulatory barriers to provide a sustainable competitive edge.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes BitMine Immersion Technologies might have No Moat - Very weak/transient advantages.

BitMine Immersion Technologies  (MEX:BMNR) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

BitMine Immersion Technologies Moat Score Related Terms

MEX:BMNR vs XP, FIGR, HLI: Moat Score Comparison

For the Capital Markets subindustry, BitMine Immersion Technologies's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Capital Markets Industry

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

* The bar in red indicates where BitMine Immersion Technologies's Moat Score falls into.


MEX:BMNR
24GF Score
BitMine Immersion Technologies Inc MEX:BMNR
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 2 mean?
BitMine Immersion Technologies (MEX:BMNR) has a Moat Score of 2 as of Jul. 21, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, BitMine Immersion Technologies ranks #122 out of 840 companies in the Capital Markets industry, placing it in the top 14.5%.
Is BitMine Immersion Technologies' Moat Score too high?
BitMine Immersion Technologies' current Moat Score is 2. Based on the distribution chart, BitMine Immersion Technologies ranks #122 out of 840 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, BitMine Immersion Technologies has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BitMine Immersion Technologies' Moat Score compare to XP and FIGR?
According to the Capital Markets industry distribution chart, BitMine Immersion Technologies ranks #122 out of 840 companies for Moat Score. This places BitMine Immersion Technologies in the top 15% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Capital Markets company?
A good Moat Score depends on the Capital Markets industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. BitMine Immersion Technologies's current Moat Score is 2. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BitMine Immersion Technologies stock overvalued right now?
Based on GuruFocus' analysis, BitMine Immersion Technologies (MEX:BMNR) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN34.58, compared to a current price of MXN287.50 — trading 731.4% above its estimated fair value. The current Moat Score is 2. BitMine Immersion Technologies' overall GF Score™ is 24/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For BitMine Immersion Technologies (MEX:BMNR), the current Moat Score is 2 as of Jul. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

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:

  • Moat Score: 2
  • GF Value™: MXN34.58 vs. price of MXN287.50 (731.4% above fair value)
  • GF Score™: 24/100 with 3 warning signs

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

Other Exchanges BMNR:USAY6G0:Germany
Address 10845 Griffith Peak, Drive 2, Las Vegas, NV, USA, 89135
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

Get the complete analysis for MEX:BMNR

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN287.50
Price
MXN34.58
GF Value