30,287 BitMine Immersion Technologies, Inc. $BMNR Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its holdings in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 144.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,224 shares of the company’s stock after purchasing an additional 30,287 shares during the period. Oppenheimer & Co. Inc.’s holdings in BitMine Immersion Technologies were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Weiss Asset Management LP grew its stake 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 buying an additional 3,394,677 shares in the last quarter. Entropy Technologies LP acquired a new stake in BitMine Immersion Technologies in the first quarter valued at approximately $1,906,000. Corient Private Wealth LP grew its position in BitMine Immersion Technologies by 89.5% in the second quarter. Corient Private Wealth LP now owns 77,285 shares of the company’s stock valued at $1,029,000 after acquiring an additional 36,495 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of BitMine Immersion Technologies during the first quarter valued at approximately $4,275,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of BitMine Immersion Technologies by 612.7% during the first quarter. The Manufacturers Life Insurance Company now owns 132,063 shares of the company’s stock worth $2,612,000 after purchasing an additional 113,532 shares in the last quarter.

BitMine Immersion Technologies Trading Down 0.3%

Shares of NYSE BMNR opened at $20.12 on Monday. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 402.40 and a beta of 1.80. BitMine Immersion Technologies, Inc. has a twelve month low of $12.80 and a twelve month high of $47.38. The business has a 50 day simple moving average of $24.46 and a 200-day simple moving average of $21.04.

Analysts Set New Price Targets

A number of brokerages have commented on BMNR. Weiss Ratings reiterated a “sell (d-)” rating on shares of BitMine Immersion Technologies in a report on Tuesday, October 13th. B. Riley Financial increased their price target on BitMine Immersion Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. Cantor Fitzgerald restated an “overweight” rating on shares of BitMine Immersion Technologies in a research note on Tuesday, October 6th. Finally, Wall Street Zen raised BitMine Immersion Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.80.

BitMine Immersion Technologies Company Profile

BitMine Immersion Technologies, Inc is a digital asset technology company focused on cryptocurrency mining and digital asset treasury operations. The company has developed expertise in immersion-cooling systems designed to improve the efficiency and operating environment of high-performance computing equipment used in cryptocurrency mining.

In addition to its mining-related activities, BitMine has pursued a strategy centered on acquiring and holding digital assets, including Ethereum. Its business may also include cryptocurrency mining, data-center operations, and related infrastructure and services.