Aurora Investment Managers LLC. Purchases New Stake in BitMine Immersion Technologies, Inc. $BMNR

Aurora Investment Managers LLC. acquired a new position in BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 125,636 shares of the company’s stock, valued at approximately $3,411,000. BitMine Immersion Technologies makes up 1.9% of Aurora Investment Managers LLC.’s portfolio, making the stock its 17th largest position.

Other institutional investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC increased its stake in BitMine Immersion Technologies by 3.9% in the 4th quarter. CWA Asset Management Group LLC now owns 12,455 shares of the company’s stock valued at $338,000 after buying an additional 470 shares during the period. CNB Bank acquired a new stake in shares of BitMine Immersion Technologies during the 3rd quarter valued at $26,000. Strategic Advocates LLC acquired a new stake in shares of BitMine Immersion Technologies during the 3rd quarter valued at $27,000. Quintet Private Bank Europe S.A. purchased a new position in shares of BitMine Immersion Technologies during the 3rd quarter valued at $30,000. Finally, Guerra Advisors Inc purchased a new position in shares of BitMine Immersion Technologies during the 3rd quarter valued at $31,000.

Analyst Ratings Changes

BMNR has been the subject of several recent research reports. B. Riley Financial cut their price objective on BitMine Immersion Technologies from $47.00 to $30.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Cantor Fitzgerald initiated coverage on BitMine Immersion Technologies in a research report on Monday, January 5th. They issued an “overweight” rating and a $39.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, BitMine Immersion Technologies has a consensus rating of “Buy” and an average target price of $34.50.

BitMine Immersion Technologies Trading Down 0.9%

Shares of NYSEAMERICAN:BMNR opened at $20.94 on Monday. The firm has a fifty day moving average price of $23.23 and a 200 day moving average price of $35.27. BitMine Immersion Technologies, Inc. has a 1 year low of $3.20 and a 1 year high of $161.00.

BitMine Immersion Technologies (NYSEAMERICAN:BMNR) last issued its quarterly earnings data on Tuesday, January 13th. The company reported ($0.05) EPS for the quarter. BitMine Immersion Technologies had a negative net margin of 67,546.19% and a positive return on equity of 7.89%. The company had revenue of $2.29 million for the 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.