London & Capital Asset Management Ltd Buys Shares of 71,000 BitMine Immersion Technologies, Inc. $BMNR

London & Capital Asset Management Ltd purchased a new stake in shares of BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 71,000 shares of the company’s stock, valued at approximately $3,687,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in BitMine Immersion Technologies in the 2nd quarter valued at approximately $374,000. Lauer Wealth LLC acquired a new position in BitMine Immersion Technologies in the 2nd quarter valued at approximately $363,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of BitMine Immersion Technologies during the second quarter valued at $508,000. Sassicaia Capital Advisers LLC bought a new position in shares of BitMine Immersion Technologies during the second quarter valued at $1,570,000. Finally, Marex Group plc acquired a new position in shares of BitMine Immersion Technologies during the second quarter worth $465,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BMNR shares. Cantor Fitzgerald initiated coverage on BitMine Immersion Technologies in a report on Monday, January 5th. They issued an “overweight” rating and a $39.00 price objective for the company. B. Riley Financial decreased their price target on BitMine Immersion Technologies from $47.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Two equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $34.50.

BitMine Immersion Technologies Stock Performance

BMNR stock opened at $18.98 on Monday. The company’s fifty day simple moving average is $25.89 and its 200 day simple moving average is $38.28. BitMine Immersion Technologies, Inc. has a 12-month low of $3.20 and a 12-month high of $161.00.

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

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.