BitMine Immersion Technologies, Inc. $BMNR Shares Sold by VestGen Advisors LLC

VestGen Advisors LLC lessened its stake in BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 29.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,923 shares of the company’s stock after selling 33,301 shares during the quarter. VestGen Advisors LLC’s holdings in BitMine Immersion Technologies were worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. raised its stake in shares of BitMine Immersion Technologies by 100.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 1,150 shares of the company’s stock worth $30,000 after purchasing an additional 575 shares during the last quarter. Legacy Wealth Managment LLC ID lifted its position in BitMine Immersion Technologies by 40.8% during the first quarter. Legacy Wealth Managment LLC ID now owns 1,966 shares of the company’s stock valued at $39,000 after purchasing an additional 570 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of BitMine Immersion Technologies in the first quarter worth approximately $58,000. Versant Capital Management Inc boosted its holdings in BitMine Immersion Technologies by 7,455.0% in the 3rd quarter. Versant Capital Management Inc now owns 3,022 shares of the company’s stock worth $80,000 after buying an additional 2,982 shares during the period. Finally, Horrell Capital Management Inc. grew its position in shares of BitMine Immersion Technologies by 69.3% during the first quarter. Horrell Capital Management Inc. now owns 3,249 shares of the company’s stock worth $64,000 after purchasing an additional 1,330 shares in the last quarter.

BitMine Immersion Technologies Stock Performance

Shares of BMNR opened at $20.12 on Friday. BitMine Immersion Technologies, Inc. has a 52-week low of $12.80 and a 52-week high of $47.38. The business has a fifty day moving average of $24.46 and a 200 day moving average of $21.04.

Wall Street Analyst Weigh In

BMNR has been the subject of several research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of BitMine Immersion Technologies in a research note on Tuesday, October 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BitMine Immersion Technologies in a report on Tuesday, October 13th. B. Riley Financial boosted their target price on BitMine Immersion Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Finally, Wall Street Zen raised BitMine Immersion Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 10th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $48.80.

BitMine Immersion Technologies Profile

BitMine Immersion Technologies, Inc is a digital asset technology company focused on cryptocurrency mining and digital asset treasury operations. The company has developed expertise in immersion-cooling systems designed to improve the efficiency and operating environment of high-performance computing equipment used in cryptocurrency mining.

In addition to its mining-related activities, BitMine has pursued a strategy centered on acquiring and holding digital assets, including Ethereum. Its business may also include cryptocurrency mining, data-center operations, and related infrastructure and services.