33,301 BitMine Immersion Technologies, Inc. $BMNR Shares Sold by VestGen Advisors LLC

VestGen Advisors LLC reduced its position in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 29.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,923 shares of the company’s stock after selling 33,301 shares during the quarter. VestGen Advisors LLC’s holdings in BitMine Immersion Technologies were worth $2,060,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. boosted its stake in BitMine Immersion Technologies by 100.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 1,150 shares of the company’s stock valued at $30,000 after purchasing an additional 575 shares during the last quarter. Legacy Wealth Managment LLC ID raised its holdings in shares of BitMine Immersion Technologies by 40.8% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,966 shares of the company’s stock worth $39,000 after purchasing an additional 570 shares during the period. Continuum Advisory LLC purchased a new position in shares of BitMine Immersion Technologies during the 2nd quarter valued at $53,000. Western Wealth Management LLC bought a new position in BitMine Immersion Technologies during the first quarter worth about $58,000. Finally, Horrell Capital Management Inc. boosted its position in BitMine Immersion Technologies by 69.3% during the first quarter. Horrell Capital Management Inc. now owns 3,249 shares of the company’s stock worth $64,000 after purchasing an additional 1,330 shares during the period.

Analysts Set New Price Targets

BMNR has been the topic of several research reports. B. Riley Financial boosted their price target on shares of BitMine Immersion Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. Wall Street Zen upgraded BitMine Immersion Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. Cantor Fitzgerald reiterated an “overweight” rating on shares of BitMine Immersion Technologies in a research report on Tuesday, October 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BitMine Immersion Technologies in a report on Tuesday, October 13th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.80.

BitMine Immersion Technologies Trading Down 7.1%

NYSE:BMNR opened at $20.12 on Friday. The firm’s fifty day simple moving average is $24.46 and its 200 day simple moving average is $21.04. BitMine Immersion Technologies, Inc. has a twelve month low of $12.80 and a twelve month high of $47.38.

BitMine Immersion Technologies 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.