Bitmine Immersion Technologies vs Zeta Network
Zeta Network is the larger business, with $28.4m of revenue in fiscal 2026 against $6.1m for Bitmine Immersion Technologies (4.7 times as much). Zeta Network grew faster (225.0% against 84.1%). Bitmine Immersion Technologies kept more of each dollar of sales as profit: a net margin of 5719.1% against -555.2%. Bitmine Immersion Technologies carries less debt relative to equity (0.0% against 7.5%).
| Latest fiscal year | Bitmine Immersion TechnologiesBMNR, 2025 | Zeta NetworkZNB, 2026 |
|---|---|---|
| Revenue | $6.1m | $28.4m |
| Revenue growth | 84.1% | 225.0% |
| Net income | $349m | −$157m |
| Operating margin | 7288.1% | -66.0% |
| Net margin | 5719.1% | -555.2% |
| Return on equity | 8.0% | — |
| Free cash flow | −$5.2m | −$7.0m |
| Cash | $512m | $44,111 |
| Total debt | $0 | $8.9m |
| Debt to equity | 0.0% | 7.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $11.85bn | $96,965 |
| Price vs our value range | — | — |
| Moat score | 10 (Weak) | — |
| Insider trades, 12 months | 3 buys, 0 sales | 10 buys, 7 sales |