42,429 Shares in BitMine Immersion Technologies, Inc. $BMNR Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC purchased a new position in BitMine Immersion Technologies, Inc. (NYSE:BMNR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,429 shares of the company’s stock, valued at approximately $1,152,000.

Several other institutional investors also recently modified their holdings of BMNR. Marex Group plc lifted its holdings in shares of BitMine Immersion Technologies by 560.1% during the fourth quarter. Marex Group plc now owns 10,024,103 shares of the company’s stock valued at $272,154,000 after purchasing an additional 8,505,421 shares during the last quarter. ARK Investment Management LLC acquired a new stake in BitMine Immersion Technologies during the 3rd quarter worth about $387,907,000. Amova Asset Management Americas Inc. purchased a new stake in BitMine Immersion Technologies during the third quarter valued at about $196,503,000. Mozayyx Management LLC purchased a new stake in BitMine Immersion Technologies during the fourth quarter valued at about $90,500,000. Finally, Vanguard Group Inc. acquired a new position in shares of BitMine Immersion Technologies in the third quarter worth about $148,612,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings began coverage on shares of BitMine Immersion Technologies in a research report on Friday, April 17th. They issued a “sell (d-)” rating on the stock. Cantor Fitzgerald reduced their price target on shares of BitMine Immersion Technologies from $39.00 to $30.30 and set an “overweight” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.15.

BitMine Immersion Technologies Stock Up 6.5%

BitMine Immersion Technologies stock opened at $14.18 on Thursday. The company’s fifty day simple moving average is $18.52 and its 200-day simple moving average is $22.23. BitMine Immersion Technologies, Inc. has a 12 month low of $12.80 and a 12 month high of $161.00. The stock has a market cap of $8.07 billion and a P/E ratio of -109.04.

BitMine Immersion Technologies (NYSE:BMNR) last issued its earnings results on Tuesday, April 14th. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $11.04 million during the quarter. BitMine Immersion Technologies had a positive return on equity of 5.59% and a negative net margin of 51,892.77%. On average, equities research analysts expect that BitMine Immersion Technologies, Inc. will post 0.29 earnings per share for the current fiscal year.

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.