BitMine Immersion Technologies (NYSEAMERICAN:BMNR) Shares Gap Up – What’s Next?

Posted by Casey Walker on Nov 10th, 2025

BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $40.23, but opened at $43.41. BitMine Immersion Technologies shares last traded at $42.2480, with a volume of 11,279,870 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. B. Riley initiated coverage on BitMine Immersion Technologies in a research report on Wednesday, October 15th. They set a “buy” rating and a $90.00 price objective for the company. Zacks Research upgraded BitMine Immersion Technologies to a “hold” rating in a research report on Friday, October 17th. Finally, ThinkEquity upgraded BitMine Immersion Technologies to a “strong-buy” rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $90.00.

Check Out Our Latest Stock Analysis on BMNR

BitMine Immersion Technologies Stock Performance

The firm has a market cap of $11.58 billion and a P/E ratio of -94.11. The company’s 50 day simple moving average is $50.64.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BMNR. CNB Bank bought a new position in BitMine Immersion Technologies during the third quarter worth $26,000. Quintet Private Bank Europe S.A. purchased a new position in shares of BitMine Immersion Technologies in the third quarter worth about $30,000. Guerra Advisors Inc bought a new stake in shares of BitMine Immersion Technologies during the 3rd quarter valued at $31,000. Wellington Shields Capital Management LLC bought a new position in BitMine Immersion Technologies in the 3rd quarter worth about $31,000. Finally, HM Payson & Co. purchased a new stake in shares of BitMine Immersion Technologies in the third quarter worth about $35,000.