In the bowl of a stand mixer fitted with the whisk attachment, beat cream cheese and confectioners’ sugar at medium speed until smooth and creamy, stopping to scrape sides of bowl.

In a medium bowl, whisk together cold cream, cocoa, and peppermint extract until smooth. With mixer on medium speed, slowly add cream mixture to cream cheese mixture, beating until combined and stopping scrape bottom and sides of bowl. Increase mixer speed to high, and beat until medium-stiff peaks form, 2 to 3 minutes. Use immediately.