BitMine Immersion Technologies (NYSEAMERICAN:BMNR) Trading 3.4% Higher – Still a Buy?

Posted by Tristan Rich on Nov 21st, 2025

BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR – Get Free Report)’s stock price traded up 3.4% on Tuesday . The stock traded as high as $32.52 and last traded at $32.01. 15,720,465 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 21,880,217 shares. The stock had previously closed at $30.95.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. B. Riley reduced their target price on BitMine Immersion Technologies from $90.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday. Zacks Research upgraded shares of BitMine Immersion Technologies to a “hold” rating in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $47.00.

Get Our Latest Research Report on BitMine Immersion Technologies

BitMine Immersion Technologies Stock Down 10.8%

The firm has a market cap of $7.27 billion and a PE ratio of -59.14. The business has a fifty day moving average price of $48.91.

Hedge Funds Weigh In On BitMine Immersion Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. ARK Investment Management LLC bought a new position in BitMine Immersion Technologies in the third quarter valued at approximately $387,907,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of BitMine Immersion Technologies during the third quarter worth $196,536,000. Amova Asset Management Americas Inc. acquired a new stake in shares of BitMine Immersion Technologies during the third quarter worth $196,503,000. Vanguard Group Inc. bought a new stake in BitMine Immersion Technologies in the 3rd quarter valued at $148,612,000. Finally, Pantera Capital Partners LP bought a new stake in BitMine Immersion Technologies in the 3rd quarter valued at $122,036,000.