Robeco Institutional Asset Management B.V. Acquires 80,996 Shares of BitMine Immersion Technologies, Inc. $BMNR

Robeco Institutional Asset Management B.V. raised its holdings in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 21.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 465,145 shares of the company’s stock after buying an additional 80,996 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in BitMine Immersion Technologies were worth $12,294,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BMNR. Quintet Private Bank Europe S.A. boosted its stake in shares of BitMine Immersion Technologies by 100.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 1,150 shares of the company’s stock worth $30,000 after acquiring an additional 575 shares during the last quarter. Banque Cantonale Vaudoise grew its position in shares of BitMine Immersion Technologies by 72.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,859 shares of the company’s stock valued at $37,000 after acquiring an additional 780 shares during the period. Legacy Wealth Managment LLC ID grew its position in shares of BitMine Immersion Technologies by 40.8% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,966 shares of the company’s stock valued at $39,000 after acquiring an additional 570 shares during the period. Continuum Advisory LLC purchased a new stake in shares of BitMine Immersion Technologies in the 2nd quarter worth $53,000. Finally, Western Wealth Management LLC purchased a new stake in shares of BitMine Immersion Technologies in the 1st quarter worth $58,000.

Wall Street Analyst Weigh In

BMNR has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BitMine Immersion Technologies in a report on Tuesday, October 13th. Wall Street Zen raised BitMine Immersion Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. B. Riley Financial upped their price target on BitMine Immersion Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of BitMine Immersion Technologies in a research report on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BitMine Immersion Technologies has a consensus rating of “Hold” and a consensus target price of $48.80.

BitMine Immersion Technologies Stock Performance

NYSE BMNR opened at $22.43 on Friday. BitMine Immersion Technologies, Inc. has a 12 month low of $12.80 and a 12 month high of $54.54. The company’s 50 day moving average is $24.40 and its two-hundred day moving average is $20.41.

BitMine Immersion Technologies Company Profile

BitMine Immersion Technologies, Inc is a digital asset technology company focused on cryptocurrency mining and digital asset treasury operations. The company has developed expertise in immersion-cooling systems designed to improve the efficiency and operating environment of high-performance computing equipment used in cryptocurrency mining.

In addition to its mining-related activities, BitMine has pursued a strategy centered on acquiring and holding digital assets, including Ethereum. Its business may also include cryptocurrency mining, data-center operations, and related infrastructure and services.