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BitMine Valuation Multiples
Discover revenue and EBITDA valuation multiples for BitMine and similar public comparables like XP Investimentos, Swissquote, Nordnet, MarketAxess and more.
BitMine Overview
About BitMine
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. BitMineβs operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.
Founded
1995
HQ

Employees
7
Website
Financials (LTM)
EV
$9B
BitMine Financials
BitMine reported last 12-month revenue of $151M.
In the same LTM period, BitMine generated $143M in gross profit and had net loss of ($1B).
Revenue (LTM)
BitMine P&L
In the most recent fiscal year, BitMine reported revenue of $6M and EBITDA of $442M.
BitMine expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $151M | XXX | $6M | XXX | XXX | XXX |
| Gross Profit | $143M | XXX | $310K | XXX | XXX | XXX |
| Gross Margin | 95% | XXX | 5% | XXX | XXX | XXX |
| EBITDA | β | XXX | $442M | XXX | XXX | XXX |
| EBITDA Margin | β | XXX | 7244% | XXX | XXX | XXX |
| EBIT Margin | (838%) | XXX | 7282% | XXX | XXX | XXX |
| Net Profit | ($1B) | XXX | $349M | XXX | XXX | XXX |
| Net Margin | (820%) | XXX | 5714% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
BitMine Stock Performance
BitMine has current market cap of $9B, and enterprise value of $9B.
Market Cap Evolution
BitMine's stock price is $20.40.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $9B | 0.0% | XXX | XXX | XXX | $0.77 |
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Start Free TrialBitMine Valuation Multiples
BitMine trades at 61.5x EV/Revenue multiple, and 21.0x EV/EBITDA.
EV / Revenue (LTM)
BitMine Financial Valuation Multiples
As of March 28, 2026, BitMine has market cap of $9B and EV of $9B.
Equity research analysts estimate BitMine's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
BitMine has a P/E ratio of (7.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 61.5x | XXX | 1521.2x | XXX | XXX | XXX |
| EV/EBITDA | β | XXX | 21.0x | XXX | XXX | XXX |
| EV/EBIT | (7.3x) | XXX | 20.9x | XXX | XXX | XXX |
| EV/Gross Profit | 64.8x | XXX | 29934.2x | XXX | XXX | XXX |
| P/E | (7.5x) | XXX | 26.6x | XXX | XXX | XXX |
| EV/FCF | β | XXX | (1779.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified BitMine Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


BitMine Margins & Growth Rates
BitMine's revenue in the last 12 month grew by 134%.
BitMine's revenue per employee in the last FY averaged $21.6M.
BitMine Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 134% | XXX | 4145% | XXX | XXX | XXX |
| EBITDA Margin | β | XXX | 7244% | XXX | XXX | XXX |
| EBITDA Growth | β | XXX | 203% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $21.6M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 25% | XXX | 229% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 5950% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
BitMine Public Comps
See public comps and valuation multiples for other Crypto & Web3 Platforms and Wealth Technology comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| XP Investimentos | XXX | XXX | XXX | XXX | XXX | XXX |
| Swissquote | XXX | XXX | XXX | XXX | XXX | XXX |
| Nordnet | XXX | XXX | XXX | XXX | XXX | XXX |
| MarketAxess | XXX | XXX | XXX | XXX | XXX | XXX |
| StoneX Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
BitMine M&A Activity
BitMine acquired XXX companies to date.
Last acquisition by BitMine was on XXXXXXXX, XXXXX. BitMine acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by BitMine
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBitMine Investment Activity
BitMine invested in XXX companies to date.
BitMine made its latest investment on XXXXXXXX, XXXXX. BitMine invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by BitMine
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout BitMine
| When was BitMine founded? | BitMine was founded in 1995. |
| Where is BitMine headquartered? | BitMine is headquartered in United States. |
| How many employees does BitMine have? | As of today, BitMine has over 7 employees. |
| Is BitMine publicly listed? | Yes, BitMine is a public company listed on NYSE American. |
| What is the stock symbol of BitMine? | BitMine trades under BMNR ticker. |
| When did BitMine go public? | BitMine went public in 1997. |
| Who are competitors of BitMine? | BitMine main competitors are XP Investimentos, Swissquote, Nordnet, MarketAxess. |
| What is the current market cap of BitMine? | BitMine's current market cap is $9B. |
| What is the current revenue of BitMine? | BitMine's last 12 months revenue is $151M. |
| What is the current revenue growth of BitMine? | BitMine revenue growth (NTM/LTM) is 134%. |
| What is the current EV/Revenue multiple of BitMine? | Current revenue multiple of BitMine is 61.5x. |
| Is BitMine profitable? | No, BitMine is not profitable. |
| What is the current net income of BitMine? | BitMine's last 12 months net income is ($1B). |
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