Public Employees Retirement System of Ohio Buys New Shares in BitMine Immersion Technologies, Inc. $BMNR

Public Employees Retirement System of Ohio purchased a new stake in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 160,672 shares of the company’s stock, valued at approximately $2,139,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BMNR. Ankerstar Wealth LLC purchased a new position in shares of BitMine Immersion Technologies during the 4th quarter valued at about $27,000. Banque Cantonale Vaudoise increased its holdings in BitMine Immersion Technologies by 72.3% in 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. Larson Financial Group LLC bought a new stake in BitMine Immersion Technologies during the 3rd quarter worth approximately $37,000. Legacy Wealth Managment LLC ID raised its stake in BitMine Immersion Technologies by 153.8% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 1,396 shares of the company’s stock worth $38,000 after acquiring an additional 846 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in BitMine Immersion Technologies during the third quarter valued at approximately $38,000.

Wall Street Analysts Forecast Growth

BMNR has been the subject of a number of recent analyst reports. Cantor Fitzgerald dropped their price target on shares of BitMine Immersion Technologies from $39.00 to $30.30 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. B. Riley Financial raised their price objective on shares of BitMine Immersion Technologies from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday. B Riley restated a “buy” rating on shares of BitMine Immersion Technologies in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BitMine Immersion Technologies in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.15.

BitMine Immersion Technologies Trading Down 0.2%

Shares of BMNR opened at $24.93 on Monday. The business’s 50 day moving average is $18.49 and its 200 day moving average is $19.29. The company has a market capitalization of $15.04 billion, a PE ratio of 498.60 and a beta of 1.61. BitMine Immersion Technologies, Inc. has a 12-month low of $12.80 and a 12-month high of $65.60.

BitMine Immersion Technologies (NYSE:BMNR) last posted its quarterly earnings results on Tuesday, July 14th. The company reported ($128.25) EPS for the quarter. BitMine Immersion Technologies had a positive return on equity of 3.35% and a negative net margin of 14,306.56%.The business had revenue of $46.53 million during the quarter. Equities research analysts predict that BitMine Immersion Technologies, Inc. will post 0.06 earnings per share for the current year.

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.