Certuity LLC Takes Position in BitMine Immersion Technologies, Inc. $BMNR

Certuity LLC acquired a new stake in BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 180,155 shares of the company’s stock, valued at approximately $9,355,000. Certuity LLC owned approximately 0.06% of BitMine Immersion Technologies as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Strong Tower Advisory Services bought a new stake in BitMine Immersion Technologies during the 3rd quarter worth approximately $14,354,000. Robeco Institutional Asset Management B.V. acquired a new stake in BitMine Immersion Technologies during the 3rd quarter worth approximately $7,270,000. Voya Investment Management LLC bought a new position in BitMine Immersion Technologies in the third quarter valued at approximately $2,327,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of BitMine Immersion Technologies in the third quarter valued at approximately $196,536,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of BitMine Immersion Technologies during the third quarter worth $7,022,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Cantor Fitzgerald initiated coverage on shares of BitMine Immersion Technologies in a research report on Monday, January 5th. They issued an “overweight” rating and a $39.00 price objective on the stock. B. Riley Financial lowered their target price 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. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, BitMine Immersion Technologies currently has an average rating of “Buy” and a consensus target price of $34.50.

BitMine Immersion Technologies Price Performance

Shares of NYSEAMERICAN:BMNR opened at $20.55 on Friday. The company’s 50-day moving average price is $24.39 and its two-hundred day moving average price is $36.41. BitMine Immersion Technologies, Inc. has a one year low of $3.20 and a one year high of $161.00.

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

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.