Pinnacle Wealth Management LLC Buys Shares of 40,010 BitMine Immersion Technologies, Inc. $BMNR

Pinnacle Wealth Management LLC purchased a new position in BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 40,010 shares of the company’s stock, valued at approximately $1,086,000.

A number of other institutional investors have also recently made changes to their positions in BMNR. CNB Bank purchased a new position in BitMine Immersion Technologies in the third quarter worth $26,000. Strategic Advocates LLC purchased a new stake in BitMine Immersion Technologies during the third quarter valued at about $27,000. Quintet Private Bank Europe S.A. bought a new stake in BitMine Immersion Technologies during the third quarter worth about $30,000. Guerra Advisors Inc bought a new stake in BitMine Immersion Technologies during the third quarter worth about $31,000. Finally, Wellington Shields Capital Management LLC purchased a new position in shares of BitMine Immersion Technologies in the 3rd quarter worth about $31,000.

Key Stories Impacting BitMine Immersion Technologies

Here are the key news stories impacting BitMine Immersion Technologies this week:

• Positive Sentiment: Company announces total crypto + cash holdings of $10.7B, including 4.732M ETH and $961M cash; this directly increases the value of BitMine’s crypto NAV per share and supports investor interest. Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.732 Million Tokens, and Total Crypto and Total Cash Holdings of $10.7 Billion
• Positive Sentiment: Firm disclosures show 3.14M staked ETH (part of the 4.732M) and the launch of MAVAN staking — a recurring revenue/earnings-upside narrative that could monetize holdings and make yields more predictable. Bitmine Immersion Technologies Reports 4.732M ETH Treasury Holdings
• Positive Sentiment: Reports say BitMine added ~71,179 ETH in recent buys (coverage notes Tom Lee involvement), signaling aggressive accumulation that investors view as confidence in long-term NAV growth. Breaking: Tom Lee’s BitMine Acquires 71,179 ETH, BMNR Stock Price Recovers
• Positive Sentiment: B. Riley raised its price target to $33 (from $30), which provides analyst validation and can attract momentum buyers. B Riley lifts PT on Bitmine Immersion Technologies (BMNR) to $33 from $30 – here’s why
• Neutral Sentiment: Market commentary frames BitMine’s move as part of a broader crypto rally (Coinbase, crypto names up); positive sector momentum helps but ties BMNR performance to ETH price moves. Stock Market Today, March 31: Bitmine Immersion Technologies Jumps on Crypto Recovery Hopes
• Neutral Sentiment: BitMine holds a stake in ORBS (which itself disclosed large holdings) — a small strategic asset that offers diversified exposure (including links to private tech exposure like OpenAI) but is a secondary driver. Eightco (NASDAQ: ORBS) Reports Total Holdings of $326 Million, Includes Nearly 280 Million Worldcoin and Over 11,000 ETH
• Negative Sentiment: Operational results remain weak — recent quarterly EPS was negative and the company has a large net-loss profile, so long-term returns depend heavily on crypto prices and successful monetization of staking. (Earnings background disclosed by company filings and coverage.)

BitMine Immersion Technologies Stock Up 8.1%

Shares of NYSEAMERICAN:BMNR opened at $19.78 on Wednesday. The stock’s 50-day moving average price is $21.69 and its 200-day moving average price is $33.99. BitMine Immersion Technologies, Inc. has a 12-month low of $3.20 and a 12-month high of $161.00.

BitMine Immersion Technologies (NYSEAMERICAN:BMNR) last issued its earnings results on Tuesday, January 13th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $2.29 million for the quarter. BitMine Immersion Technologies had a negative net margin of 67,546.19% and a positive return on equity of 7.89%.

Wall Street Analysts Forecast Growth

BMNR has been the topic of several recent research reports. Cantor Fitzgerald assumed coverage on BitMine Immersion Technologies in a research report on Monday, January 5th. They set an “overweight” rating and a $39.00 price objective on the stock. B. Riley Financial dropped their target price on BitMine Immersion Technologies from $47.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $34.50.

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.