Quattro Financial Advisors LLC Purchases 21,600 Shares of BitMine Immersion Technologies, Inc. $BMNR

Quattro Financial Advisors LLC bought a new stake in BitMine Immersion Technologies, Inc. (NYSE:BMNR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 21,600 shares of the company’s stock, valued at approximately $571,000.

A number of other large investors have also added to or reduced their stakes in the business. Mozayyx Management LLC acquired a new stake in BitMine Immersion Technologies during the 4th quarter valued at $90,500,000. Weiss Asset Management LP increased its holdings in shares of BitMine Immersion Technologies by 363.6% in the first quarter. Weiss Asset Management LP now owns 4,328,294 shares of the company’s stock valued at $85,614,000 after purchasing an additional 3,394,677 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of BitMine Immersion Technologies by 8,516.4% in the fourth quarter. Virtu Financial LLC now owns 923,673 shares of the company’s stock valued at $25,078,000 after purchasing an additional 912,953 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of BitMine Immersion Technologies in the second quarter valued at about $20,069,000. Finally, California Public Employees Retirement System bought a new position in shares of BitMine Immersion Technologies in the first quarter valued at about $14,072,000.

BitMine Immersion Technologies Price Performance

NYSE:BMNR opened at $23.43 on Friday. The stock has a 50 day simple moving average of $23.89 and a 200 day simple moving average of $20.29. BitMine Immersion Technologies, Inc. has a 1-year low of $12.80 and a 1-year high of $56.10.

BitMine Immersion Technologies (NYSE:BMNR) last released its quarterly earnings results on Tuesday, July 14th. The company reported ($128.25) earnings per share (EPS) for the quarter. BitMine Immersion Technologies had a negative net margin of 14,306.56% and a positive return on equity of 3.35%. The firm had revenue of $46.53 million during the quarter. On average, research analysts forecast that BitMine Immersion Technologies, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

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

BitMine Immersion Technologies Profile

BitMine Immersion Technologies, Inc is a digital asset and blockchain technology company focused on cryptocurrency mining and the management of digital assets. Its operations have included the use of immersion-cooling technology, which is designed to improve the efficiency and operating environment of specialized computing equipment used in cryptocurrency mining.

The company has also shifted its strategic focus toward building and managing a treasury of digital assets, particularly Ethereum, while continuing to evaluate opportunities in cryptocurrency mining, blockchain infrastructure and related technologies.