178,636 Shares in BitMine Immersion Technologies, Inc. $BMNR Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 178,636 shares of the company’s stock, valued at approximately $9,277,000. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.06% of BitMine Immersion Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Strong Tower Advisory Services acquired a new stake in BitMine Immersion Technologies during the third quarter worth about $14,354,000. Robeco Institutional Asset Management B.V. bought a new position in shares of BitMine Immersion Technologies during the third quarter valued at approximately $7,270,000. Voya Investment Management LLC bought a new position in shares of BitMine Immersion Technologies during the third quarter valued at approximately $2,327,000. Commonwealth Equity Services LLC acquired a new stake in shares of BitMine Immersion Technologies during the 3rd quarter worth approximately $7,022,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of BitMine Immersion Technologies in the 3rd quarter worth approximately $196,536,000.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Zacks Research upgraded BitMine Immersion Technologies to a “hold” rating in a research note on Friday, October 17th. Cantor Fitzgerald initiated coverage on shares of BitMine Immersion Technologies in a report on Monday, January 5th. They set an “overweight” rating and a $39.00 price target for the company. Finally, B. Riley lowered their price target on shares of BitMine Immersion Technologies from $90.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $43.00.

BitMine Immersion Technologies Stock Performance

Shares of NYSEAMERICAN BMNR opened at $17.40 on Friday. The firm’s 50-day simple moving average is $30.20 and its 200 day simple moving average is $40.70. BitMine Immersion Technologies, Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $161.00.

BitMine Immersion Technologies (NYSEAMERICAN:BMNR) last released its earnings results on Tuesday, January 13th. The company reported ($12.74) 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.

BitMine Immersion Technologies Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 8th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a yield of 3.0%.

BitMine Immersion Technologies Company Profile

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.