BitMine Immersion Technologies (NYSEAMERICAN:BMNR) Director Lori Love Purchases 474 Shares of Stock

BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) Director Lori Love purchased 474 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was bought at an average price 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Lori Love also recently made the following trade(s):

• On Monday, April 20th, Lori Love purchased 227 shares of BitMine Immersion Technologies stock. The stock was bought at an average price of $22.01 per share, with a total value of $4,996.27.

BitMine Immersion Technologies Stock Performance

NYSEAMERICAN BMNR opened at $22.53 on Tuesday. BitMine Immersion Technologies, Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $161.00. The business has a 50 day moving average price of $20.61 and a two-hundred day moving average price of $30.70.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Cantor Fitzgerald upgraded BitMine Immersion Technologies to a “strong-buy” rating in a report on Thursday, April 9th. B. Riley Financial cut their price objective on shares of BitMine Immersion Technologies from $47.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, BitMine Immersion Technologies has an average rating of “Buy” and an average target price of $34.50.

Institutional Investors Weigh In On BitMine Immersion Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ritholtz Wealth Management increased its holdings in BitMine Immersion Technologies by 93.5% during the 1st quarter. Ritholtz Wealth Management now owns 20,535 shares of the company’s stock worth $406,000 after purchasing an additional 9,920 shares during the last quarter. Banque Cantonale Vaudoise grew its holdings in BitMine Immersion Technologies by 72.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,859 shares of the company’s stock worth $37,000 after acquiring an additional 780 shares in the last quarter. Aurora Investment Managers LLC. grew its holdings in BitMine Immersion Technologies by 196.7% during the 1st quarter. Aurora Investment Managers LLC. now owns 372,782 shares of the company’s stock worth $7,374,000 after acquiring an additional 247,146 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in BitMine Immersion Technologies by 638.2% during the 1st quarter. AdvisorNet Financial Inc now owns 11,767 shares of the company’s stock worth $233,000 after acquiring an additional 10,173 shares in the last quarter. Finally, Lee Johnson Capital Management LLC grew its holdings in BitMine Immersion Technologies by 40.2% during the 1st quarter. Lee Johnson Capital Management LLC now owns 91,915 shares of the company’s stock worth $1,818,000 after acquiring an additional 26,363 shares in the last quarter.

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.