Citizens Financial Group Inc. RI Buys Shares of 32,246 BitMine Immersion Technologies, Inc. $BMNR

Citizens Financial Group Inc. RI acquired a new stake in BitMine Immersion Technologies, Inc. (NYSE:BMNR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 32,246 shares of the company’s stock, valued at approximately $638,000.

Other institutional investors also recently added to or reduced their stakes in the company. Marex Group plc lifted its holdings in BitMine Immersion Technologies by 560.1% in the fourth quarter. Marex Group plc now owns 10,024,103 shares of the company’s stock worth $272,154,000 after purchasing an additional 8,505,421 shares during the period. Mozayyx Management LLC bought a new stake in BitMine Immersion Technologies during the fourth quarter worth approximately $90,500,000. Morgan Stanley grew its holdings in shares of BitMine Immersion Technologies by 25.8% in the 4th quarter. Morgan Stanley now owns 12,197,071 shares of the company’s stock worth $331,151,000 after acquiring an additional 2,500,368 shares during the last quarter. Pantera Capital Partners LP purchased a new position in BitMine Immersion Technologies in the 3rd quarter worth about $122,036,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of BitMine Immersion Technologies during the fourth quarter valued at approximately $58,229,000.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BMNR shares. Cantor Fitzgerald dropped their price target on BitMine Immersion Technologies from $39.00 to $30.30 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Weiss Ratings assumed coverage on shares of BitMine Immersion Technologies in a report on Friday, April 17th. They set a “sell (d-)” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.15.

BitMine Immersion Technologies Trading Up 11.8%

BMNR opened at $16.33 on Wednesday. BitMine Immersion Technologies, Inc. has a 1-year low of $12.80 and a 1-year high of $71.74. The business has a 50 day moving average of $17.27 and a 200-day moving average of $21.23. The stock has a market capitalization of $9.30 billion and a price-to-earnings ratio of -125.59.

BitMine Immersion Technologies (NYSE:BMNR) last posted its quarterly earnings data on Tuesday, July 14th. The company reported ($128.25) earnings per share (EPS) for the quarter. BitMine Immersion Technologies had a positive return on equity of 5.59% and a negative net margin of 51,892.77%. Equities analysts predict that BitMine Immersion Technologies, Inc. will post 0.29 EPS for the current year.

About BitMine Immersion Technologies

BitMine Immersion Technologies, Inc (NYSE American: BMNR) is an engineering and technology company specializing in immersion cooling solutions for digital asset mining and high-performance computing (HPC) applications. The company develops proprietary direct-to-chip systems that submerge servers in non-conductive dielectric fluids to efficiently remove heat, enabling clients to achieve higher processing density and improved energy efficiency.

BitMine offers turnkey services spanning system design, equipment supply, installation and ongoing maintenance.