Is BMNR (Bitmine Immersion Technologies, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, BMNR is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 1 of 4 compliance screens. Bitmine Immersion Technologies, Inc.'s core business activity was found to be non-compliant.

Bitmine Immersion Technologies, Inc. operates at the intersection of blockchain infrastructure and industrial-scale crypto mining. Their core business involves immersion-cooled data centers where they host third-party mining equipment for clients and conduct self-mining operations for Bitcoin. They differentiate themselves through proprietary thermodynamic management systems that cool mining rigs more efficiently than traditional air-cooled setups, allowing for higher hashrates and equipment longevity. For Muslim investors , BMNR is currently classified as Not Halal (Haram) based on our AAOIFI screening methodology. Although the company passed all financial ratio tests—including debt and liquidity thresholds—it failed the Business Activity screen due to its industry classification within Financial - Capital Markets. This sector is often flagged automatically because it typically includes businesses reliant on interest-based transactions, though BMNR's specific operations in mining hardware are distinct from traditional banking. From a financial perspective, the company shows strong alignment with Islamic principles regarding leverage. BMNR reported 0.0% interest-bearing debt relative to its market cap , which is exceptional, and its interest income accounts for only 0.02% of revenue, well below the 5% limit. This indicates a very clean balance sheet free from riba, which is rare for technology-heavy infrastructure companies. Investors should note that the 'fail' here is largely a result of sector classification rather than explicit involvement in har am activities like gambling or alcohol. However, because cryptocurrency mining and the holding of digital assets remain a subject of debate among scholars regarding their status as valid currency (Mal) versus speculative assets, conservative investors often avoid stocks in this specific financial sub-sector until clearer scholarly consensus emerges. Bitmine Immersion Technologies, Inc. operates in the Financial Services sector under the Financial - Capital Markets industry and is headquartered in Las Vegas, NV, US. The company is led by CEO Chi Tsang and employs approximately 7 people.

BMNR was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. BMNR passed 3 of these 4 screens.

BMNR was last screened on 2026-02-25. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.