BitMine Immersion Technologies, Inc. $BMNR Shares Newly Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP purchased a new stake in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 186,157 shares of the company’s stock, valued at approximately $4,976,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BMNR. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of BitMine Immersion Technologies by 1,696.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,060 shares of the company’s stock worth $28,000 after purchasing an additional 1,001 shares during the period. Quintet Private Bank Europe S.A. lifted its stake in shares of BitMine Immersion Technologies by 100.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 1,150 shares of the company’s stock valued at $30,000 after purchasing an additional 575 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its stake in shares of BitMine Immersion Technologies by 40.8% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,966 shares of the company’s stock valued at $39,000 after purchasing an additional 570 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of BitMine Immersion Technologies during the 1st quarter worth about $58,000. Finally, Versant Capital Management Inc grew its holdings in shares of BitMine Immersion Technologies by 7,455.0% during the 3rd quarter. Versant Capital Management Inc now owns 3,022 shares of the company’s stock worth $80,000 after purchasing an additional 2,982 shares during the period.

BitMine Immersion Technologies Stock Down 0.7%

Shares of BitMine Immersion Technologies stock opened at $18.64 on Tuesday. BitMine Immersion Technologies, Inc. has a twelve month low of $12.80 and a twelve month high of $43.77. The company has a fifty day moving average price of $23.90 and a 200 day moving average price of $20.71.

Analysts Set New Price Targets

BMNR has been the subject of a number of research analyst reports. B. Riley Financial increased their target price on shares of BitMine Immersion Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of BitMine Immersion Technologies in a research report on Tuesday, October 6th. Wall Street Zen upgraded shares of BitMine Immersion Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BitMine Immersion Technologies in a research note on Tuesday, October 13th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.80.

About BitMine Immersion Technologies

BitMine Immersion Technologies is a digital-asset company whose business has included Bitcoin mining and immersion-cooling technology. Immersion cooling uses liquid to manage the heat generated by computing equipment and can support the operation of mining hardware.

The company has shifted its strategic focus toward acquiring and holding Ether as a treasury asset. Its history in Bitcoin mining and cooling technology provides context for its involvement in digital-asset infrastructure, while its current strategy centers on Ether.

Thomas “Tom” Lee, an investment strategist and Fundstrat co-founder, has served as the company’s chairman.