Himension Capital Singapore PTE. LTD. Increases Stock Holdings in BitMine Immersion Technologies, Inc. $BMNR

Himension Capital Singapore PTE. LTD. increased its position in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 28.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 437,661 shares of the company’s stock after purchasing an additional 96,460 shares during the period. BitMine Immersion Technologies accounts for about 0.7% of Himension Capital Singapore PTE. LTD.’s holdings, making the stock its 26th biggest holding. Himension Capital Singapore PTE. LTD.’s holdings in BitMine Immersion Technologies were worth $8,657,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BMNR. State of Michigan Retirement System grew its holdings in shares of BitMine Immersion Technologies by 141.7% in the fourth quarter. State of Michigan Retirement System now owns 145,000 shares of the company’s stock valued at $3,937,000 after purchasing an additional 85,000 shares in the last quarter. Blue Sky Capital Consultants Group Inc. raised its position in BitMine Immersion Technologies by 340.5% in the 4th quarter. Blue Sky Capital Consultants Group Inc. now owns 95,799 shares of the company’s stock valued at $2,601,000 after purchasing an additional 74,052 shares in the last quarter. Strong Tower Advisory Services boosted its stake in shares of BitMine Immersion Technologies by 82.3% in the 4th quarter. Strong Tower Advisory Services now owns 503,896 shares of the company’s stock valued at $13,681,000 after buying an additional 227,484 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of BitMine Immersion Technologies by 29.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,916,195 shares of the company’s stock worth $133,475,000 after buying an additional 1,131,556 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of BitMine Immersion Technologies by 57.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 220,000 shares of the company’s stock worth $5,973,000 after buying an additional 80,000 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BMNR shares. B. Riley Financial decreased their price target on shares of BitMine Immersion Technologies from $33.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BitMine Immersion Technologies in a research note on Wednesday, July 15th. Finally, Cantor Fitzgerald dropped their target price on BitMine Immersion Technologies from $39.00 to $30.30 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, BitMine Immersion Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.65.

BitMine Immersion Technologies Stock Performance

Shares of BitMine Immersion Technologies stock opened at $17.20 on Wednesday. BitMine Immersion Technologies, Inc. has a 1 year low of $12.80 and a 1 year high of $71.74. The company has a market capitalization of $10.38 billion and a P/E ratio of -132.35. The company’s fifty day moving average is $16.65 and its two-hundred day moving average is $20.81.

BitMine Immersion Technologies (NYSE:BMNR) last announced its earnings results on Tuesday, July 14th. The company reported ($128.25) earnings per share for the quarter. BitMine Immersion Technologies had a positive return on equity of 3.35% and a negative net margin of 14,306.56%.The business had revenue of $46.53 million for the quarter. As a group, equities analysts expect that BitMine Immersion Technologies, Inc. will post 0.06 earnings per share for the current year.

BitMine Immersion Technologies Company Profile

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.