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Side-by-side financial comparison of BITMINE IMMERSION TECHNOLOGIES, INC. (BMNR) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.
Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $11.0M, roughly 1.2× BITMINE IMMERSION TECHNOLOGIES, INC.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -34583.9%, a 34570.8% gap on every dollar of revenue. On growth, BITMINE IMMERSION TECHNOLOGIES, INC. posted the faster year-over-year revenue change (627.6% vs 15.0%). Over the past eight quarters, BITMINE IMMERSION TECHNOLOGIES, INC.'s revenue compounded faster (251.9% CAGR vs 16.1%).
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.
Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.
BMNR vs LSF — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.0M | $13.3M |
| Net Profit | $-3.8B | $-1.8M |
| Gross Margin | 87.1% | 34.1% |
| Operating Margin | -34784.7% | -13.5% |
| Net Margin | -34583.9% | -13.2% |
| Revenue YoY | 627.6% | 15.0% |
| Net Profit YoY | -330212.5% | -341.4% |
| EPS (diluted) | $-8.40 | — |
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.
| Q1 26 | $11.0M | — | ||
| Q4 25 | $2.3M | $13.3M | ||
| Q3 25 | — | $12.9M | ||
| Q2 25 | $2.1M | $12.0M | ||
| Q1 25 | $1.5M | $11.7M | ||
| Q4 24 | $1.2M | $11.6M | ||
| Q3 24 | $682.4K | $11.8M | ||
| Q2 24 | $1.2M | $10.0M |
| Q1 26 | $-3.8B | — | ||
| Q4 25 | $-5.2B | $-1.8M | ||
| Q3 25 | — | $-975.1K | ||
| Q2 25 | $-622.8K | $-362.2K | ||
| Q1 25 | $-1.2M | $-156.2K | ||
| Q4 24 | $-974.0K | $-398.4K | ||
| Q3 24 | — | $-166.1K | ||
| Q2 24 | $-654.2K | $-239.1K |
| Q1 26 | 87.1% | — | ||
| Q4 25 | 55.3% | 34.1% | ||
| Q3 25 | — | 36.5% | ||
| Q2 25 | 23.9% | 39.9% | ||
| Q1 25 | 20.1% | 41.9% | ||
| Q4 24 | 10.0% | 38.6% | ||
| Q3 24 | 16.4% | 43.0% | ||
| Q2 24 | 18.1% | 41.8% |
| Q1 26 | -34784.7% | — | ||
| Q4 25 | -238564.8% | -13.5% | ||
| Q3 25 | — | -7.7% | ||
| Q2 25 | -22.8% | -3.3% | ||
| Q1 25 | -60.2% | -1.9% | ||
| Q4 24 | -73.6% | -4.1% | ||
| Q3 24 | — | -2.3% | ||
| Q2 24 | -43.6% | -3.4% |
| Q1 26 | -34583.9% | — | ||
| Q4 25 | -226955.7% | -13.2% | ||
| Q3 25 | — | -7.6% | ||
| Q2 25 | -30.4% | -3.0% | ||
| Q1 25 | -76.2% | -1.3% | ||
| Q4 24 | -81.1% | -3.4% | ||
| Q3 24 | — | -1.4% | ||
| Q2 24 | -53.4% | -2.4% |
| Q1 26 | $-8.40 | — | ||
| Q4 25 | $-15.98 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-0.31 | — | ||
| Q1 25 | $-0.58 | — | ||
| Q4 24 | $-1.66 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-0.26 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $879.6M | $5.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.9B | $11.5M |
| Total Assets | $9.9B | $19.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $879.6M | — | ||
| Q4 25 | $887.7M | $5.1M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | $1.5M | $3.9M | ||
| Q1 25 | $483.0K | $7.0M | ||
| Q4 24 | $797.3K | $8.3M | ||
| Q3 24 | $499.0K | $7.9M | ||
| Q2 24 | — | $7.6M |
| Q1 26 | $9.9B | — | ||
| Q4 25 | $11.3B | $11.5M | ||
| Q3 25 | — | $12.8M | ||
| Q2 25 | $2.9M | $13.4M | ||
| Q1 25 | $2.9M | $13.3M | ||
| Q4 24 | $3.8M | $13.2M | ||
| Q3 24 | $4.1M | $13.1M | ||
| Q2 24 | $4.6M | $12.6M |
| Q1 26 | $9.9B | — | ||
| Q4 25 | $11.5B | $19.2M | ||
| Q3 25 | — | $18.9M | ||
| Q2 25 | $8.3M | $20.4M | ||
| Q1 25 | $7.5M | $21.5M | ||
| Q4 24 | $7.9M | $19.3M | ||
| Q3 24 | $7.3M | $18.8M | ||
| Q2 24 | $8.2M | $18.0M |
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 | $-88.2M | $68.4K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-88.2M | — | ||
| Q4 25 | $-228.4M | $68.4K | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | $1.7M | $-2.8M | ||
| Q1 25 | $-215.0K | $-1.3M | ||
| Q4 24 | $-96.0K | $339.2K | ||
| Q3 24 | $-30.0K | $305.8K | ||
| Q2 24 | $-42.7K | $642.7K |
| Q1 26 | — | — | ||
| Q4 25 | $-228.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-114.0K | — | ||
| Q3 24 | $-106.0K | — | ||
| Q2 24 | $-61.3K | — |
| Q1 26 | — | — | ||
| Q4 25 | -9975.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -9.5% | — | ||
| Q3 24 | -15.5% | — | ||
| Q2 24 | -5.0% | — |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 16.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | 1.5% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BMNR
Segment breakdown not available.
LSF
| Wholesale | $7.0M | 52% |
| Coffee Tea And Hot Chocolate Products | $4.4M | 33% |
| Hydration And Beverage Enhancing Supplements | $1.6M | 12% |
| Other | $352.6K | 3% |
