32,246 Shares in BitMine Immersion Technologies, Inc. $BMNR Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI purchased a new stake in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 32,246 shares of the company’s stock, valued at approximately $638,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BMNR. Strategic Advocates LLC purchased a new stake in shares of BitMine Immersion Technologies in the 3rd quarter valued at approximately $27,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in BitMine Immersion Technologies in the fourth quarter valued at $27,000. Ankerstar Wealth LLC purchased a new stake in shares of BitMine Immersion Technologies during the 4th quarter worth approximately $27,000. Lodestone Wealth Management LLC purchased a new stake in shares of BitMine Immersion Technologies in the 4th quarter valued at about $30,000. Finally, Trust Co. of Vermont raised its position in BitMine Immersion Technologies by 424.4% in the 4th quarter. Trust Co. of Vermont now owns 1,180 shares of the company’s stock valued at $32,000 after purchasing an additional 955 shares during the last quarter.

BitMine Immersion Technologies Trading Up 11.8%

BMNR stock opened at $16.33 on Wednesday. The company has a market capitalization of $9.30 billion and a P/E ratio of -125.59. BitMine Immersion Technologies, Inc. has a twelve month low of $12.80 and a twelve month high of $71.74. The firm has a 50 day simple moving average of $17.27 and a 200-day simple moving average of $21.23.

BitMine Immersion Technologies (NYSE:BMNR) last issued its 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 51,892.77% and a positive return on equity of 5.59%. On average, research analysts predict that BitMine Immersion Technologies, Inc. will post 0.29 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings assumed coverage on shares of BitMine Immersion Technologies in a research note on Friday, April 17th. They issued a “sell (d-)” rating for the company. Cantor Fitzgerald cut their price target on BitMine Immersion Technologies from $39.00 to $30.30 and set an “overweight” rating for the company in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.15.

BitMine Immersion Technologies Company Profile

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.