AMG National Trust Bank Makes New $882,000 Investment in BitMine Immersion Technologies, Inc. $BMNR

AMG National Trust Bank acquired a new stake in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 44,600 shares of the company’s stock, valued at approximately $882,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Milestone Asset Management LLC boosted its position in shares of BitMine Immersion Technologies by 5.6% during the fourth quarter. Milestone Asset Management LLC now owns 8,185 shares of the company’s stock worth $222,000 after acquiring an additional 432 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of BitMine Immersion Technologies by 3.9% during the 4th quarter. CWA Asset Management Group LLC now owns 12,455 shares of the company’s stock valued at $338,000 after purchasing an additional 470 shares during the last quarter. Strategic Advocates LLC purchased a new position in shares of BitMine Immersion Technologies during the third quarter valued at about $27,000. Certuity LLC grew its position in shares of BitMine Immersion Technologies by 0.3% during the fourth quarter. Certuity LLC now owns 180,707 shares of the company’s stock valued at $4,906,000 after purchasing an additional 552 shares in the last quarter. Finally, Dakota Wealth Management increased its holdings in shares of BitMine Immersion Technologies by 6.2% in the fourth quarter. Dakota Wealth Management now owns 12,140 shares of the company’s stock worth $330,000 after purchasing an additional 710 shares during the last quarter.

BitMine Immersion Technologies Price Performance

Shares of NYSE BMNR opened at $15.81 on Thursday. BitMine Immersion Technologies, Inc. has a 1-year low of $12.80 and a 1-year high of $71.74. The business’s 50 day moving average is $17.13 and its two-hundred day moving average is $21.14. The stock has a market capitalization of $9.01 billion and a P/E ratio of -121.65.

BitMine Immersion Technologies (NYSE:BMNR) last posted its quarterly earnings data 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 3.49%. As a group, equities research analysts anticipate that BitMine Immersion Technologies, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BMNR. Weiss Ratings initiated coverage on BitMine Immersion Technologies in a research report on Friday, April 17th. They issued a “sell (d-)” rating on the stock. 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 investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.