Key Points
- Lori Love purchased 474 shares on April 16 at $22.05 (total $10,451.70) and added 227 shares on April 20 at $22.01, bringing her holdings to 36,556 shares — a 1.31% increase in ownership.
- BMNR opened at $22.53 with a 50-day moving average of $20.61 and a 200-day average of $30.70 (52-week range $3.20–$161.00); analysts hold an average "Buy" rating and $34.50 target amid mixed notes including B. Riley cutting its target to $30 and Cantor Fitzgerald issuing a strong-buy.
- BitMine Immersion Technologies specializes in immersion-cooling solutions for digital-asset mining and high-performance computing, offering turnkey system design, equipment supply, installation and maintenance.
BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR - Get Free Report) Director Lori Love acquired 474 shares of the firm's stock in a transaction on Thursday, April 16th. The shares were bought at an average cost of $22.05 per share, with a total value of $10,451.70. Following the completion of the acquisition, the director owned 36,556 shares in the company, valued at $806,059.80. This represents a 1.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Lori Love also recently made the following trade(s):
- On Monday, April 20th, Lori Love bought 227 shares of BitMine Immersion Technologies stock. The shares were purchased at an average cost of $22.01 per share, for a total transaction of $4,996.27.
BitMine Immersion Technologies Stock Down 1.8%
NYSEAMERICAN:BMNR opened at $22.53 on Tuesday. The business's 50 day moving average is $20.61 and its two-hundred day moving average is $30.70. BitMine Immersion Technologies, Inc. has a 52 week low of $3.20 and a 52 week high of $161.00.
Hedge Funds Weigh In On BitMine Immersion Technologies
Several institutional investors have recently made changes to their positions in BMNR. CNB Bank bought a new position in shares of BitMine Immersion Technologies during the third quarter valued at approximately $26,000. Strategic Advocates LLC bought a new position in BitMine Immersion Technologies during the 3rd quarter worth $27,000. Pilgrim Partners Asia Pte Ltd bought a new position in BitMine Immersion Technologies during the 4th quarter worth $27,000. Ankerstar Wealth LLC bought a new position in BitMine Immersion Technologies during the 4th quarter worth $27,000. Finally, Lodestone Wealth Management LLC bought a new position in BitMine Immersion Technologies during the 4th quarter worth $30,000.
Analyst Ratings Changes
A number of research firms have commented on BMNR. B. Riley Financial reduced their target price 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. Cantor Fitzgerald raised shares of 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 assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $34.50.
Check Out Our Latest Stock Report on BMNR
About BitMine Immersion Technologies
(
Get Free Report)
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.
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