Pinnacle Wealth Management LLC Makes New $1.09 Million Investment in BitMine Immersion Technologies, Inc. $BMNR

Pinnacle Wealth Management LLC acquired a new stake in BitMine Immersion Technologies, Inc. (NYSEAMERICAN:BMNR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,010 shares of the company’s stock, valued at approximately $1,086,000.

A number of other institutional investors also recently modified their holdings of BMNR. CWA Asset Management Group LLC grew its stake in shares of BitMine Immersion Technologies by 3.9% in the fourth quarter. CWA Asset Management Group LLC now owns 12,455 shares of the company’s stock worth $338,000 after purchasing an additional 470 shares during the last quarter. CNB Bank bought a new position in BitMine Immersion Technologies during the 3rd quarter valued at approximately $26,000. Strategic Advocates LLC purchased a new stake in BitMine Immersion Technologies in the 3rd quarter worth approximately $27,000. Quintet Private Bank Europe S.A. purchased a new stake in BitMine Immersion Technologies in the 3rd quarter worth approximately $30,000. Finally, Guerra Advisors Inc bought a new stake in shares of BitMine Immersion Technologies in the 3rd quarter worth approximately $31,000.

BitMine Immersion Technologies News Summary

Here are the key news stories impacting BitMine Immersion Technologies this week:

• Positive Sentiment: Company announces total crypto + cash holdings of $10.7B, including 4.732M ETH and $961M cash; this directly increases the value of BitMine’s crypto NAV per share and supports investor interest. Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.732 Million Tokens, and Total Crypto and Total Cash Holdings of $10.7 Billion
• Positive Sentiment: Firm disclosures show 3.14M staked ETH (part of the 4.732M) and the launch of MAVAN staking — a recurring revenue/earnings-upside narrative that could monetize holdings and make yields more predictable. Bitmine Immersion Technologies Reports 4.732M ETH Treasury Holdings
• Positive Sentiment: Reports say BitMine added ~71,179 ETH in recent buys (coverage notes Tom Lee involvement), signaling aggressive accumulation that investors view as confidence in long-term NAV growth. Breaking: Tom Lee’s BitMine Acquires 71,179 ETH, BMNR Stock Price Recovers
• Positive Sentiment: B. Riley raised its price target to $33 (from $30), which provides analyst validation and can attract momentum buyers. B Riley lifts PT on Bitmine Immersion Technologies (BMNR) to $33 from $30 – here’s why
• Neutral Sentiment: Market commentary frames BitMine’s move as part of a broader crypto rally (Coinbase, crypto names up); positive sector momentum helps but ties BMNR performance to ETH price moves. Stock Market Today, March 31: Bitmine Immersion Technologies Jumps on Crypto Recovery Hopes
• Neutral Sentiment: BitMine holds a stake in ORBS (which itself disclosed large holdings) — a small strategic asset that offers diversified exposure (including links to private tech exposure like OpenAI) but is a secondary driver. Eightco (NASDAQ: ORBS) Reports Total Holdings of $326 Million, Includes Nearly 280 Million Worldcoin and Over 11,000 ETH
• Negative Sentiment: Operational results remain weak — recent quarterly EPS was negative and the company has a large net-loss profile, so long-term returns depend heavily on crypto prices and successful monetization of staking. (Earnings background disclosed by company filings and coverage.)

BitMine Immersion Technologies Stock Performance

Shares of BMNR opened at $19.78 on Wednesday. BitMine Immersion Technologies, Inc. has a one year low of $3.20 and a one year high of $161.00. The company has a 50-day simple moving average of $21.69 and a two-hundred day simple moving average of $33.99.

BitMine Immersion Technologies (NYSEAMERICAN:BMNR) last posted its earnings results 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 firm had revenue of $2.29 million for the quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald assumed coverage on BitMine Immersion Technologies in a research note on Monday, January 5th. They set an “overweight” rating and a $39.00 target price on the stock. B. Riley Financial cut their price target on shares of BitMine Immersion Technologies from $47.00 to $30.00 and set a “buy” rating on the stock 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $34.50.

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.