Bitmine Immersion Technologies vs Vulcan Infrastructure & Power
Vulcan Infrastructure & Power is the larger business, with $58.8m of revenue in fiscal 2025 against $6.1m for Bitmine Immersion Technologies (9.6 times as much). Bitmine Immersion Technologies grew faster (84.1% against -1.3%). Bitmine Immersion Technologies kept more of each dollar of sales as profit: a net margin of 5719.1% against 9.0%.
| Latest fiscal year | Bitmine Immersion TechnologiesBMNR, 2025 | Vulcan Infrastructure & PowerVIP, 2025 |
|---|---|---|
| Revenue | $6.1m | $58.8m |
| Revenue growth | 84.1% | -1.3% |
| Net income | $349m | $5.3m |
| Operating margin | 7288.1% | -6.5% |
| Net margin | 5719.1% | 9.0% |
| Return on equity | 8.0% | — |
| Free cash flow | −$5.2m | — |
| Cash | $512m | $19.6m |
| Total debt | $0 | $83.1m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 32 |
| Market value | $11.85bn | $22.0m |
| Price vs our value range | — | — |
| Moat score | 10 (Weak) | 17 (Weak) |
| Insider trades, 12 months | 3 buys, 0 sales | 4 buys, 7 sales |