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Side-by-side financial comparison of Amber International Holding Ltd (AMBR) and BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR). Click either name above to swap in a different company.

BITMINE IMMERSION TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($2.3M vs $1.9M, roughly 1.2× Amber International Holding Ltd). Amber International Holding Ltd runs the higher net margin — 87.5% vs -226955.7%, a 227043.3% gap on every dollar of revenue.

Amber Road, Inc. (NYSE: AMBR) was a US-based software company specializing in Global Trade Management (GTM) solutions. It was acquired by E2open in 2019.

Bitmine Immersion Technologies is a tech firm focused on developing and providing professional immersion cooling solutions for high-performance computing scenarios, including cryptocurrency mining rig clusters and data center infrastructure. Its products boost hardware operating efficiency, cut energy consumption for heat control, extend high-power computing equipment lifespan, and help clients reduce long-term operational costs.

AMBR vs BMNR — Head-to-Head

Bigger by revenue
BMNR
BMNR
1.2× larger
BMNR
$2.3M
$1.9M
AMBR
Higher net margin
AMBR
AMBR
227043.3% more per $
AMBR
87.5%
-226955.7%
BMNR

Income Statement — Q2 2025 vs Q1 2026

Metric
AMBR
AMBR
BMNR
BMNR
Revenue
$1.9M
$2.3M
Net Profit
$1.6M
$-5.2B
Gross Margin
39.9%
55.3%
Operating Margin
1.5%
-238564.8%
Net Margin
87.5%
-226955.7%
Revenue YoY
90.9%
Net Profit YoY
-533796.8%
EPS (diluted)
$0.02
$-15.98

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMBR
AMBR
BMNR
BMNR
Cash + ST InvestmentsLiquidity on hand
$25.8M
$887.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$91.3M
$11.3B
Total Assets
$248.2M
$11.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMBR
AMBR
BMNR
BMNR
Q4 25
$887.7M
Q2 25
$25.8M
Stockholders' Equity
AMBR
AMBR
BMNR
BMNR
Q4 25
$11.3B
Q2 25
$91.3M
Total Assets
AMBR
AMBR
BMNR
BMNR
Q4 25
$11.5B
Q2 25
$248.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMBR
AMBR
BMNR
BMNR
Operating Cash FlowLast quarter
$-4.1M
$-228.4M
Free Cash FlowOCF − Capex
$-228.7M
FCF MarginFCF / Revenue
-9975.2%
Capex IntensityCapex / Revenue
16.4%
Cash ConversionOCF / Net Profit
-2.49×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMBR
AMBR
BMNR
BMNR
Q4 25
$-228.4M
Q2 25
$-4.1M
Free Cash Flow
AMBR
AMBR
BMNR
BMNR
Q4 25
$-228.7M
Q2 25
FCF Margin
AMBR
AMBR
BMNR
BMNR
Q4 25
-9975.2%
Q2 25
Capex Intensity
AMBR
AMBR
BMNR
BMNR
Q4 25
16.4%
Q2 25
Cash Conversion
AMBR
AMBR
BMNR
BMNR
Q4 25
Q2 25
-2.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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