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Side-by-side financial comparison of AtlasClear Holdings, Inc. (ATCH) and BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR). Click either name above to swap in a different company.
AtlasClear Holdings, Inc. is the larger business by last-quarter revenue ($5.1M vs $2.3M, roughly 2.2× BITMINE IMMERSION TECHNOLOGIES, INC.). AtlasClear Holdings, Inc. runs the higher net margin — 134.2% vs -226955.7%, a 227089.9% gap on every dollar of revenue. On growth, BITMINE IMMERSION TECHNOLOGIES, INC. posted the faster year-over-year revenue change (90.9% vs 84.1%).
Atlas Comics was the 1950s comic-book publishing label that evolved into Marvel Comics. Magazine and paperback novel publisher Martin Goodman, whose business strategy involved having a multitude of corporate entities, used Atlas as the umbrella name for his comic-book division during this time. Atlas evolved out of Goodman's 1940s comic-book division, Timely Comics, and was located on the 14th floor of the Empire State Building. This company is distinct from the 1970s comic-book company, also...
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.
ATCH vs BMNR — Head-to-Head
Income Statement — Q2 2026 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $5.1M | $2.3M |
| Net Profit | $6.8M | $-5.2B |
| Gross Margin | — | 55.3% |
| Operating Margin | -48.6% | -238564.8% |
| Net Margin | 134.2% | -226955.7% |
| Revenue YoY | 84.1% | 90.9% |
| Net Profit YoY | 1716.5% | -533796.8% |
| EPS (diluted) | $0.05 | $-15.98 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.1M | $2.3M | ||
| Q3 25 | $4.3M | — | ||
| Q2 25 | $2.8M | — | ||
| Q1 25 | $2.5M | — | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $2.8M | — | ||
| Q1 24 | $1.3M | — |
| Q4 25 | $6.8M | $-5.2B | ||
| Q3 25 | $-440.3K | — | ||
| Q2 25 | $-1.7M | — | ||
| Q1 25 | $-2.9M | — | ||
| Q4 24 | $-419.7K | — | ||
| Q3 24 | $10.7M | — | ||
| Q1 24 | $-88.6M | — |
| Q4 25 | — | 55.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -48.6% | -238564.8% | ||
| Q3 25 | -20.6% | — | ||
| Q2 25 | -63.5% | — | ||
| Q1 25 | -42.2% | — | ||
| Q4 24 | -41.8% | — | ||
| Q3 24 | -33.6% | — | ||
| Q1 24 | -1091.5% | — |
| Q4 25 | 134.2% | -226955.7% | ||
| Q3 25 | -10.4% | — | ||
| Q2 25 | -60.6% | — | ||
| Q1 25 | -114.1% | — | ||
| Q4 24 | -15.3% | — | ||
| Q3 24 | 383.3% | — | ||
| Q1 24 | -6970.8% | — |
| Q4 25 | $0.05 | $-15.98 | ||
| Q3 25 | $-0.01 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-1.11 | — | ||
| Q3 24 | $-1.90 | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.1M | $887.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $21.7M | $11.3B |
| Total Assets | $77.6M | $11.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.1M | $887.7M | ||
| Q3 25 | $2.7M | — | ||
| Q2 25 | $7.5M | — | ||
| Q1 25 | $7.8M | — | ||
| Q4 24 | $6.9M | — | ||
| Q3 24 | $6.8M | — | ||
| Q1 24 | $7.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $980.1K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.1M | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $21.7M | $11.3B | ||
| Q3 25 | $6.9M | — | ||
| Q2 25 | $-6.8M | — | ||
| Q1 25 | $-14.0M | — | ||
| Q4 24 | $-23.2M | — | ||
| Q3 24 | $-23.2M | — | ||
| Q1 24 | $-6.8M | — |
| Q4 25 | $77.6M | $11.5B | ||
| Q3 25 | $73.6M | — | ||
| Q2 25 | $60.9M | — | ||
| Q1 25 | $55.0M | — | ||
| Q4 24 | $56.0M | — | ||
| Q3 24 | $56.0M | — | ||
| Q1 24 | $76.4M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5M | $-228.4M |
| Free Cash FlowOCF − Capex | — | $-228.7M |
| FCF MarginFCF / Revenue | — | -9975.2% |
| Capex IntensityCapex / Revenue | — | 16.4% |
| Cash ConversionOCF / Net Profit | 0.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $-228.4M | ||
| Q3 25 | $-2.5M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $-1.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $175.6K | — | ||
| Q1 24 | $-13.3M | — |
| Q4 25 | — | $-228.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -9975.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 16.4% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.22× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.02× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
