BMNR (BitMine Immersion Technologies) Moat Score : 2/10 (As of Jul. 04, 2025)

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What is BitMine Immersion Technologies Moat Score?

BitMine Immersion Technologies has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

BitMine Immersion Technologies has No Moat: BitMine Immersion Technologies Inc has limited competitive advantages with no significant market leadership or durable cost advantages. The company lacks network effects, strong brand strength, and regulatory barriers, making its competitive position weak and transient.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes BitMine Immersion Technologies might have No Moat - Very weak/transient advantages.

Competitive Comparison of BitMine Immersion Technologies's Moat Score

For the Capital Markets subindustry, BitMine Immersion Technologies's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BitMine Immersion Technologies's Moat Score Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Moat Score distribution charts can be found below:

* The bar in red indicates where BitMine Immersion Technologies's Moat Score falls into.

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BitMine Immersion Technologies (AMEX:BMNR) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score	Moat Level
10	Wide Moat - Exceptionally dominant and durable wide moat
8 - 9	Wide Moat - Clear and robust wide moat
7	Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6	Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5	Narrow Moat - Solid narrow moat
4	Narrow Moat - Discernible but modest moat
1 - 3	No Moat - Very weak/transient advantages
0	No Moat - No discernible moat

BitMine Immersion Technologies Moat Score Related Terms

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BitMine Immersion Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (AMEX:BMNR) » Definitions » Moat Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

10845 Griffith Peak, Drive 2, Las Vegas, NV, USA, 89135

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its account as well as hosting third-party Bitcoin mining servers. The Company's primary business is self-mining bitcoin for its own account, as well as hosting third-party equipment used in mining of digital asset coins and tokens, specifically bitcoin. Company's state of the art facilities will be specifically designed and constructed for housing mining equipment. The data centers will provide power, racks, proprietary thermodynamic management.