Leonteq Securities AG Makes New $2.74 Million Investment in BitMine Immersion Technologies, Inc. $BMNR

Leonteq Securities AG bought a new position in BitMine Immersion Technologies, Inc. (NYSE:BMNR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 100,933 shares of the company’s stock, valued at approximately $2,741,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BMNR. ARK Investment Management LLC purchased a new stake in BitMine Immersion Technologies in the 3rd quarter worth approximately $387,907,000. Amova Asset Management Americas Inc. purchased a new stake in BitMine Immersion Technologies in the 3rd quarter worth approximately $196,503,000. Vanguard Group Inc. purchased a new stake in BitMine Immersion Technologies in the 3rd quarter worth approximately $148,612,000. Pantera Capital Partners LP purchased a new stake in BitMine Immersion Technologies in the 3rd quarter worth approximately $122,036,000. Finally, JPMorgan Chase & Co. purchased a new stake in BitMine Immersion Technologies in the 3rd quarter worth approximately $102,517,000.

Wall Street Analysts Forecast Growth

BMNR has been the subject of several recent analyst reports. B. Riley Financial lowered their target price on shares of 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. Weiss Ratings initiated coverage on shares of BitMine Immersion Technologies in a research note on Friday, April 17th. They issued a “sell (d-)” rating for the company. Finally, Cantor Fitzgerald raised shares of BitMine Immersion Technologies to a “strong-buy” rating in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.50.

BitMine Immersion Technologies Stock Up 3.9%

Shares of NYSE BMNR opened at $19.35 on Thursday. BitMine Immersion Technologies, Inc. has a 52-week low of $3.92 and a 52-week high of $161.00. The firm has a fifty day moving average of $21.15 and a 200-day moving average of $26.19. The stock has a market capitalization of $11.02 billion and a PE ratio of -148.84.

BitMine Immersion Technologies (NYSE:BMNR) last announced its quarterly earnings data on Tuesday, April 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. BitMine Immersion Technologies had a negative net margin of 51,892.77% and a positive return on equity of 5.59%. The company had revenue of $11.04 million for the quarter. Equities research analysts expect that BitMine Immersion Technologies, Inc. will post 0.29 EPS for the current fiscal year.

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.