BitMine Immersion Technologies, Inc. $BMNR Holdings Lifted by Virtu Financial LLC

Virtu Financial LLC lifted its position in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 8,516.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 923,673 shares of the company’s stock after acquiring an additional 912,953 shares during the quarter. BitMine Immersion Technologies makes up 1.0% of Virtu Financial LLC’s investment portfolio, making the stock its 5th largest position. Virtu Financial LLC owned approximately 0.20% of BitMine Immersion Technologies worth $25,078,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its stake in shares of BitMine Immersion Technologies by 27.8% during the 4th quarter. Sunbelt Securities Inc. now owns 4,601 shares of the company’s stock valued at $125,000 after buying an additional 1,001 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in BitMine Immersion Technologies by 31.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 7,784 shares of the company’s stock valued at $211,000 after buying an additional 1,846 shares in the last quarter. Corient Private Wealth LLC purchased a new position in BitMine Immersion Technologies in the 4th quarter valued at approximately $1,260,000. Onyx Bridge Wealth Group LLC bought a new stake in BitMine Immersion Technologies during the 4th quarter valued at $750,000. Finally, EP Wealth Advisors LLC bought a new stake in BitMine Immersion Technologies during the 4th quarter valued at $264,000.

Analyst Ratings Changes

A number of research firms have recently commented on BMNR. Weiss Ratings initiated coverage on BitMine Immersion Technologies in a report on Friday, April 17th. They issued a “sell (d-)” rating for the company. B. Riley Financial dropped their price objective on BitMine Immersion Technologies from $47.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Finally, Cantor Fitzgerald raised BitMine Immersion Technologies to a “strong-buy” rating in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, one has 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.50.

BitMine Immersion Technologies Price Performance

BMNR stock opened at $16.17 on Friday. The firm has a 50 day simple moving average of $19.88 and a two-hundred day simple moving average of $23.56. The stock has a market cap of $9.21 billion and a PE ratio of -124.37. BitMine Immersion Technologies, Inc. has a one year low of $3.92 and a one year high of $161.00.

BitMine Immersion Technologies (NYSE:BMNR) last announced its earnings results on Tuesday, April 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company 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, research analysts expect that BitMine Immersion Technologies, Inc. will post 0.29 EPS 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.